Farm income falls in England after extreme weather and subsidy cuts

Defra data shows lower income for most farm types but small boost from payments for nature-friendly schemes

Southern Water’s debt downgraded to junk status by Moody’s

Company close to technical default on some of its debt, underlining UK industry’s precarious state

Shares in fashion brand jump as ‘urgent’ cost-cutting programme announced following half-year losses

Asset manager Oaktree out of running as backer but businessman has ‘high confidence’ he will get finance

Oscar winners Mark Rylance and Olivia Colman among those writing to Rachel Reeves about excluding fossil fuels

The jobless rate in October was 4.1%, according to the Australian Bureau of Statistics

This year’s ad is actually about going shopping and features Oxford Street store plus song by Richard Ashcroft

Which? claims firm engaged in anti-competitive practices that led to 40 million people ‘being overcharged’

Research has prompted claims firms such as Mars, Haribo and PepsiCo are in ‘flagrant’ breach of codes of behaviour

Shayne Coplan calls incident ‘discouraging’ as firm suggests raid was retaliation for site’s users betting on Donald Trump

Illnesses linked to onions served on Quarter Pounders have been detected in 14 states, and infection killed one person

Chancellor to tell City leaders of Canada-style plan to pool assets for benefit of long-term investment

Progressive senators urge party to ‘learn the right lessons’ from election defeat and take fight to US billionaire class

Transparency around this emergency process has been miserable as company looks for approval to borrow £3bn more

AGS Airports, joint venture of Ferrovial and Macquarie, to be sold to AviAlliance for £900m along with £653m in debt