Bloomberg UK business confidence slumped the most on record last quarter as financial leaders said they see no quick recovery from the coronavirus downturn. On average, the 104 chief financial officers (CFOs) in Deloitte’s quarterly survey said they expect revenues this year to be more than a fifth lower than previously anticipated. Most said they do not see demand recovering ...

Bloomberg The UK risks failing to recruit the 50,000 customs agents the logistics industry says are needed before Britain’s final parting with the European Union, spelling potential chaos at the country’s busiest border. The coronavirus hampered efforts to train staff to handle the extra paperwork firms will need to complete after the UK exits the EU’s customs union at the ...

Bloomberg Ericsson AB, the communications equipment supplier, has started a sale process for Iconectiv, its US call routing unit, people familiar with the matter said. The telecom infrastructure company is working with an adviser on the potential divestment, the people said, asking not to be identified because the information is private. Bidders include several private equity firms, the people said. ...