And in the real world... Asos, Porsche, Opel and more

LONDON - Today's round-up of the biggest business stories

And in the real world... Asos, Porsche, Opel and more

Following an annual review of the British economy, the Organisation for Economic Co-operation and Development has told the Government to impose radical spending cuts or face major problems in the coming years.
Source: Daily Telegraph

Asos, the online fashion retailer, has posted a 52 per cent rise in sales for the quarter ending 26 June, a sharp fall from the 95 per cent growth that the company reported for the same period last year.
Source: Independent

The sale of Porsche took another twist yesterday after the German sports car-maker announced that it had rejected a $4 billion bid from Volkswagen that would have seen the automotive giant take a 50 per cent stake in the business.
Source: Financial Times

Talks between General Motors and rival suitors regarding its Opel/Vauxhall business have stepped up a gear after a proposed deal with Magna International hit a snag.
Source: Financial Times

National Express has confirmed that it has rejected a takeover bid from the rival operator First Group, stating said it did not consider it appropriate to enter into talks while struggling to whittle down a £1.2 billion debt.
Source: Guardian