British e-commerce company THG was at the centre of a bid battle on Thursday, rejecting an offer from two investment groups and learning that local entrepreneur Nick Candy was considering making a bid.

(Reuters) -Globalive Capital has entered into a spectrum and network sharing agreement with Telus Corp to bolster the Canadian investment firm's prospects of buying Shaw Communications Inc's wireless business, the companies said on Thursday.

The S&P 500 and the Dow fell for the second straight day on Thursday as Cisco Systems slumped following a dismal outlook, while a rebound in megacap growth stocks boosted the battered Nasdaq.

Martina Merz, who has been chief executive of Germany's Thyssenkrupp since 2019, has received a five-year contract extension until March 2028, the company said on Thursday.

Global equity markets skidded further on Thursday as fresh signs of slowing growth led investors to sell stocks and move into safe-haven assets such as government debt and the Swiss franc, poised for its biggest one-day gain in more than six-years.