Wilko: HMV owner Doug Putman moves closer to rescue deal The Canadian billionaire wants to keep up to 300 shops open if he succeeds in buying the chain. Source
India’s Adani Group stung by fresh controversy A new report has alleged that the conglomerate used "opaque" funds in Mauritius to manipulate stock prices. Source
UBS to cut 3,000 jobs despite record $29bn profit The Swiss bank plans to cut 3,000 jobs after the rescue of struggling rival Credit Suisse. Source