Banca Monte dei Paschi di Siena SpA said Friday that it plans twin bids for rivals Banca Generali and Banco BPM, potentially creating Italy's third-largest lender with a market value of about €70 billion ($82 billion).
Banca Monte dei Paschi di Siena SpA said Friday that it plans twin bids for rivals Banca Generali and Banco BPM, potentially creating Italy's third-largest lender with a market value of about €70 billion ($82 billion).
Investment manager M&G PLC said it has completed an £85 million ($116 million) buy-in transaction with a pension program sponsored by British flooring and wall cladding company Altro Ltd. for its employees.
Standard Chartered said it has become the first global systemically important bank and the first U.K. company to issue digitally native notes on Euroclear's digital financial markets infrastructure.
A holiday park operator has settled its claim that it was entitled to buy a rival's Welsh caravan park for £4.8 million ($6.6 million), despite an alleged third-party offer worth millions of pounds more.
The past week in London has seen former Liberal Democrat MP Mark Oaten sue a fur auction house, private equity and pensions magnate Edmund Truell hit by a commercial fraud claim and Charles Russell Speechlys file a contract claim against two of its previous clients in the Middle East.
Knights Group said Friday it would buy the commercial and private wealth business of English law firm Moore Barlow LLP for £27 million ($37 million), marking its second acquisition in one week as consolidation in the country's legal sector gathers pace.
More than nine in 10 sponsors of U.K. defined benefit pension programs have either reviewed or are currently scrutinizing their long-term retirement strategy, a new report says, as businesses now weigh a wider number of options for the future of their schemes.
The Competition and Markets Authority has approved Vandemoortele's acquisition of French rival Délifrance SA, but requires the Belgian bakery group to sell a production plant and its U.K. sales operations to address antitrust concerns.
Life science tool company Bio-Techne has withdrawn and refiled its intent to merge with pharmaceutical giant Merck in an $11.3 billion deal in order to give the Federal Trade Commission more time to scrutinize the deal for competition concerns.
Investment company Helios Underwriting PLC said Friday it has increased its stock repurchase program by a further £500,000 ($683,000), bringing the total the company plans to buy back from investors to as much as £2.5 million.
The Competition and Markets Authority is seeking views on the proposed £232 million ($317 million) take-private acquisition of financial services provider Ramsdens by U.S. pawnshop company FirstCash.
