Read our round-up of the week’s latest (and most interesting) business and finance news…

WeWork warns of job cuts after Softbank rescue

WeWork leaders have warned staff to expect major job cuts after a shake-up at the struggling co-working company.

Ex-Thomas Cook boss denies saddling firm with choking debts

A former boss of Thomas Cook, who presided over a major expansion, has denied saddling the firm with a debt pile that ultimately killed the business.

KPMG in talks to sell £200m pensions unit to Exponent

The big four audit firm KPMG has entered exclusive talks to sell its pensions advisory unit to a buyout firm as it reshapes its business amid growing pressure on the profession.

Lloyd’s of London syndicate takes aim at insurance for America’s super-rich

An American insurance group is to start a new business at Lloyd’s of London, writing as much as $1billion in annual premiums in what would be the biggest syndicate on record to launch on the market.

Investors want clearer climate-related disclosures, FRC warns

Companies are falling short of investors’ expectations for clearer disclosures on climate-related risks, the Financial Reporting Council (FRC) warned yesterday.

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