IAG, which owns Aer Lingus and British Airways, abandoned an eight-month pursuit of Norwegian Air Shuttle, leaving the indebted airline reeling as it faces a cash crunch during the slow winter season.

Starbucks is looking to raise its profile among millennials by selling upmarket coffee at $10 (€9.30) a cup at a select number of ‘reserve’ brand stores and ‘tasting rooms’ in major cities as part of a five-year plan targeting annual revenue growth of 10%.