Bloomberg Germany’s beleaguered investment bankers could face even more competition when rivals move staff to the country after Brexit. While relocations from the UK will initially have little effect, that may change if banks then use their newly established presence in Germany to expand in the local market for investment banking services, Joachim Wuermeling, the head of banking supervision at ...

Bloomberg Lockheed Martin Corp’s $31 billion King Stallion helicopter programme for the US Marines may miss its first key milestone by more than 19 months because of a growing checklist of flaws discovered in development testing. The Naval Air Systems Command acknowledged that the helicopter designed to carry heavy cargo won’t meet its December target date for initial combat capability. ...

Bloomberg Majid Al Futtaim Holding LLC, an operator of French retailer Carrefour SA outlets, plans to boost its presence in Kenya as it looks to expand into eastern and southern Africa. Growing the franchisee in Africa will boost competition for the likes of Shoprite Holdings Ltd, the continent’s biggest grocer, and Walmart Inc’s Massmart Holdings Ltd. Those companies are looking ...