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 ...

  Bloomberg The U.K. labor market showed signs of resilience in the face of the referendum on European Union membership as unemployment unexpectedly fell and wage growth accelerated. The jobless rate declined to 5 percent in the three months through April, the lowest since 2005, the Office for National Statistics in London said on Wednesday. Economists in a Bloomberg survey ...

Bloomberg Volkswagen AG plans to bundle the components businesses of its different brands to save costs and will review disposing of peripheral assets, according to people familiar with the matter, part of a sweeping strategy review by CEO Matthias Mueller as he seeks to navigate Europe’s largest carmaker out of the emissions scandal. VW’s senior management presented a plan to ...