Bloomberg SSE Plc and Innogy SE terminated plans to create the UK’s second-biggest utility, the latest sign of pressure on the industry from increasing regulation. SSE’s board decided it wasn’t in the best interest of the company to proceed with the deal to combine its retail business with Innogy’s Npower unit after it emerged last month that more cash would …

Bloomberg The S&P 500 Index climbed from a 14-month low as investor nerves seemed to steady a day after a rout in US stocks. US stock gains were led by technology and health companies. The Stoxx Europe 600 Index pared losses by more than half to trade slightly lower on the day. Treasuries and the Japanese yen advanced amid a …

Bloomberg For foreign-exchange traders, a no-deal Brexit is bound to sink the pound no matter what protections are put in place to mitigate immediate financial risks. As lawmakers hit gridlock over Prime Minister Theresa May’s proposed withdrawal accord, some have suggested Britain could leave the European Union without a divorce deal in hand and take steps to control and contain …