Bloomberg UBS Group AG’s head trader for commercial mortgage-backed securities denied claims of trying to influence research reports published by the Swiss bank’s former senior strategist for CMBS products. David McNamara, 49, testified at a trial brought by former CMBS strategist Trevor Murray, who says UBS illegally fired him in February 2012 for blowing the whistle on alleged attempts to …

Bloomberg Ryanair Holdings Plc pilots got an unexpected Christmas present when Europe’s biggest low-cost carrier agreed to recognise their labour unions. Investors are the ones paying for it. The move, which CEO Michael O’Leary had previously said wouldn’t happen before “hell would freeze over,” was aimed at averting the first-ever walkout by employees. Ryanair stock fell as shareholders digested the …

Bloomberg Unilever agreed to sell its margarine and spreads business to KKR & Co. for $8.1 billion, ridding the Anglo-Dutch consumer-goods giant of one of its worst-performing units as it focusses on faster-growing food and personal-care niches. The private equity firm’s purchase of the division, whose brands include Flora and I Can’t Believe It’s Not Butter!, is the biggest leveraged …