Wednesday, November 27

Xerox said it would take its proposal for a $33bn takeover of HP directly to the personal computer maker’s shareholders, Nasdaq’s listings business is on course to eclipse that of bitter rival the New York Stock Exchange this year and Manchester City’s owner has agreed to sell a $500m stake to private equity firm Silver Lake in a deal that breaks a record in sports valuations. Plus, the FT’s Leslie Hook explains why China’s commitment to renewable energy has lagged in recent years, and why it’s causing alarm ahead of the annual UN climate talks.

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