Cuisine de France bakery owner Aryzta has agreed on an underwriting deal with five banks, setting the stage for raising €800m in new capital to strengthen its balance sheet.

Days before the European Central Bank is expected to deploy its ultimate monetary easing weapon, financial markets are showing no sign of confidence that it will push inflation anywhere near target in the next decade.

Twitter’s efforts to improve user engagement and growth rates are taking longer than expected to gain traction, prompting a wave of rating and price target cuts on the stock.

The Glazer family will make around $150m (€112m) by selling part of its stake in Manchester United although the deal will leave the Americans firmly in control of the English soccer club.

Twitter has unsealed the documents for its planned initial public offering (IPO) of stock and says it hopes to raise up to $1bn (€738m).