Bloomberg ­­­­­­­­­­­­­­­ Brexit negotiations are heading for a catastrophic breakdown unless the European Union signals this week that it will allow talks to move on to trade, according to a person familiar with the UK government’s position. Without a clear sign that negotiations will progress to trade and transition arrangements by December at this week’s summit of European leaders, the …

Bloomberg PSA Group, the French automaker that purchased the Vauxhall and Opel brands, plans to cut 400 jobs at a UK plant in Ellesmere Port to adapt production to falling sales. The site needs to improve its competitiveness to match the company’s plants in France, a PSA spokesman said. The uncertainty about the future trade deals between the UK and …

Bloomberg Shares of Convatec Group Plc, the medical equipment maker whose initial public offering was London’s largest during 2016, slumped as supply shortages caused by the recent hurricanes in the Caribbean weighed on third-quarter performance. The Reading, UK-based company said its advanced wound care division experienced disruptions to manufacturing in Haina, Dominican Republic, having earlier warned of delays to a …