Bloomberg U.K. Chancellor of the Exchequer George Osborne warned that leaving the European Union could spark a fiscal crisis, as “Remain” supporters battle to turn around a referendum campaign that’s slipping away from them. Reduced trade and investment would leave a 30 billion pound ($42 billion) “black hole” that would have to be plugged by increased taxes and cuts ...

  Bloomberg If the U.K. votes to leave the European Union next week, it may not bode well for the 28-nation bloc’s oldest natural gas market. A so-called ‘ Brexit’ would probably cause the pound to plunge to its lowest in 30 years, according to economists surveyed by Bloomberg. That would make gas in the U.K. cheaper and temporarily boost ...

  Bloomberg Schneider Electric SE’s second attempt to buy a majority stake in U.K. software maker Aveva Group Plc proved short-lived after negotiations between the two companies ended just two days after they became public. “Following the termination of the preliminary discussions,” Cambridge-based Aveva said on Wednesday in a short statement that it had applied for its shares to begin ...