Bloomberg Italy’s state lender Cassa Depositi e Prestiti SpA has given its backing to a 1.5 billion-euro ($1.7 billion) plan to consolidate the country’s construction sector after clearing a last-minute hurdle over the role of Natixis SA. After two board meetings and overnight talks, Italy’s biggest construction company Salini Impregilo SpA and Cassa Depositi have signed an investment deal that …

Bloomberg The Bank of England (BOE) for the first time is asking British insurers to gauge how global warming might impact the value of the stocks and bonds they hold — and its potential to upend financial markets. The central bank, which regulates the UK financial services industry, included three scenarios related to climate change in a broader stress test …

Bloomberg Rolls-Royce Holdings Plc’s cash outflow ballooned in the first half as a bottleneck in plane deliveries at Airbus SE and Boeing Co reduced engine revenue and stockpiling for a no-deal Brexit led to a buildup of parts. Europe’s biggest jet-engine maker posted negative underlying free cash flow of $522 million for the six months, almost six times the level …