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 …

Bloomberg The Trump administration is considering blocking planned sales by Boeing Co., Airbus SE and General Electric Co. to Iran, as the president reconsiders the 2015 deal to curb the Islamic Republic’s nuclear programme, a person familiar with the matter said. No recommendation has yet been made to President Donald Trump and his administration is also considering letting the sales …