Out of office: Your essential round-up of the latest business news

The European Commission is set to open an anti-trust investigation into Facebook, the Financial Times reported. EU officials reportedly sent questionnaires to Facebook and its competitors asking whether the social network distorted the classified ads business by promoting its Marketplace services to its almost 2 billion users, and a formal investigation could be launched in a matter of days.

Marks & Spencer, the British retailer, said it anticipates that it will incur between £42 million ...