Bloomberg A British-American trade deal won’t be easily agreed after Brexit because the UK wouldn’t accept the punitive terms on offer, according to former US Treasury Secretary Lawrence Summers. “Britain has no leverage. Britain is desperate. Britain has nothing else. It needs an agreement very soon. When you have a desperate partner that’s when you strike the hardest bargain.” President ...

Bloomberg Deutsche Bahn AG, Germany’s state-owned railway operator, chose Amsterdam as the potential listing venue of its UK-based transport unit Arriva to tap higher growth in continental Europe, according to people familiar with the matter. Deutsche Bahn recently filed a prospectus with the Dutch regulator for an initial public offering, said the people, who asked not to be identified because ...

Bloomberg The co-founder of Neil Woodford’s investment firm is selling two properties with a combined asking price of about 15 million pounds ($18 million), the Times of London reported, citing documents related to a private sale. Craig Newman, who worked with Woodford at Invesco Perpetual before they started their own firm, seeks 10mn pounds for a house in Oxfordshire, England, ...