BP PLC said Friday it has put its North Sea business up for sale after six decades of operations, as industry groups urged the new prime minister to provide "certainty, stability and a policy framework" to prevent an exodus of employers from the region.
BP PLC said Friday it has put its North Sea business up for sale after six decades of operations, as industry groups urged the new prime minister to provide "certainty, stability and a policy framework" to prevent an exodus of employers from the region.
Banco Santander SA said Friday that it will buy the remaining 10% of its Brazilian bank for up to €1.908 billion ($2.2 billion) in a share deal, adding that the transaction demonstrates its commitment to Latin America.
The Financial Conduct Authority released final rules Friday for a consolidated tape on U.K. shares in a package of reforms that includes changes to market structure and a new temporary market reporting tool.
Mol Group said Friday it has agreed to acquire Shell's BG Cyprus Ltd. for up to $720 million, marking the Hungarian energy company's largest exploration project in years and expanding its presence into the eastern Mediterranean gas sector.
Supermarket giant Sainsbury's said Friday it will sell retailer Argos Ltd. to a group of investors for £120 million ($161 million) to focus on its core grocery business.
In this week's Taxation With Representation, DCC Energy PLC backs a takeover offer from investment firm KKR and Energy Capital Partners, the parent company of the New York Stock Exchange acquires MarketAxess Holdings Inc., and Grant Thornton Advisors LLC buys professional services adviser CBIZ Inc.
The U.K. requires sweeping reforms to its pension investment system, as the growing concentration of retirement savings in a handful of U.S. technology stocks poses a "systemic risk" to investors, a think tank has warned.
Two former insurance bosses who misappropriated client funds in the run-up to a company sale saw the fraud damages awarded against them reduced by the Court of Appeal on Friday.
Private equity firm Freshstream "saved up" misconduct allegations against Big Motoring World founder Peter Waddell as part of a "pre-conceived and orchestrated plan" to remove him and take control of his multimillion-pound business, a London court ruled Friday.
The past week in London has seen George Michael's estate bring an intellectual property claim against the late star's friend over footage shared online, collapsed law firm Axiom Ince sue the U.K. branch of State Bank of India and Ryanair face a group claim from 262 people. Here, Law360 looks at these and other new claims in the U.K.
Lloyds Banking Group PLC rolled out a share buyback program worth up to £1 billion ($1.34 billion) after it reported a boost in its pre-tax profit for the first half of the year.
ITV PLC kicked off a share buyback program worth up to £100 million ($134 million) on Friday after it agreed earlier in July to sell its broadcast and streaming division to Sky Group for as much as £1.6 billion.
Rightmove unveiled Friday the imminent start of a share buyback program of up to £350 million ($471 million) in a move to lower its share capital and return surplus capital to investors.
