LONDON (Reuters) - BP has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm's energy transition strategy to regain investor confidence, three sources with knowledge of the matter said. When unveiled in 2020, BP's strategy was the sector's most ambitious with a pledge to cut output by 40% while rapidly...

Oct 7 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - The owner of the American conservative newspaper The New York Sun Dovid Efune is closing in on a deal to buy the Telegraph for more than 550...

FRANKFURT, Oct 7 (Reuters) - Commerzbank and UniCredit did not discuss a merger at a recent meeting, the German lender's CEO Bettina Orlopp told a local newspaper, saying any tie-up with its Italian peer would result in the loss of customers. Orlopp, in her first interview since becoming CEO of Germany's second-biggest lender by assets after Deutsche Bank , was...

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