Eversheds Leads £44M Deal With Industrial Co.'s Pension Plan

By Tom Fish

Industrial manufacturer Milliken has secured its U.K. employee pension scheme through a bulk purchase annuity transaction valued at £44 million ($60 million) with Royal London, Britain's largest mutual life insurer said Friday.

Read full article » | Save to favorites »

Luxembourg's RTL To Buy Sky Deutschland For €150M

By Najiyya Budaly

Luxembourgish media conglomerate RTL said Friday it will buy Sky Deutschland from Comcast for €150 million ($176 million) in cash, to create an entertainment heavyweight with 11.5 million paying subscribers to compete with streaming giants Netflix and Amazon Prime.

Read full article » | Save to favorites »

Preventing Financial Crisis Best Thing For Growth, BoE Says

By Najiyya Budaly

The government's growth agenda should not equate to throwing out all safeguards, because preventing a major financial crash is vital for ensuring Britain is competitive, a senior member of the Bank of England said Friday.

Read full article » | Save to favorites »

Hercules Announces Up To £15.7M Deal For Staffing Biz

By Irene Madongo

Hercules PLC, a provider of labor to the building industry, on Friday announced its purchase of energy staffing specialist Advantage NRG for up to £15.7 million ($22 million), with demand for skilled workers in the power sector expected to rise.

Read full article » | Save to favorites »

Cash Shell To Buy UK Office Portfolio For £20M

By Dawood Fakhir

Shell company Pristine Capital PLC said Friday that it has agreed to acquire an office property portfolio for £20 million ($27.4 million) and move its listing from the main market of the London Stock Exchange to AIM.

Read full article » | Save to favorites »

Brief

Pensions Admin Staff To Strike Amid Takeover Plan

By Dawood Fakhir

A union for public sector workers announced a six-week-long strike action Friday against the management of pension administrator MyCSP, ahead of a planned takeover of the administration of civil service pensions by professional services company Capita.

Read full article » | Save to favorites »

UK Litigation Roundup: Here's What You Missed In London

By Max Austin

This past week in London has seen the British Basketball Federation sued by members of the men's professional basketball league for alleged competition breaches, songwriter Coco Star file an intellectual property claim against Universal Music Publishing, and the Solicitors Regulation Authority file a claim against the Post Office amid ongoing investigations into law firms linked to the Horizon IT Scandal. Here, Law360 looks at these and other new claims in the U.K.

Read full article » | Save to favorites »

Off The Bench

Off The Bench: Tatis Says Loan 'Predatory,' Tennis Player Suit

By David Steele

In this week's Off The Bench, a Major League Baseball star wants out of a "predatory" loan from a future earnings investment company, a group of migrant workers keep alive their suit accusing companies that helped develop World Cup facilities in Qatar of exploitation and abuse, and the tennis Grand Slam tournaments may be in the crosshairs of players suing the sport's hierarchy.

Read full article » | Save to favorites »

Taxation With Representation: Weil, Freshfields, Sidley Austin

By Zak Kostro

In this week's Taxation With Representation, Spectris backs a takeover offer from Advent, C&S Wholesale Grocers acquires SpartanNash, NBA team owners approve the sale of the Minnesota Timberwolves and Lynx to a consortium led by former limited partners Marc Lore and Alex Rodriguez, and Illumina Inc. acquires SomaLogic from Standard BioTools.

Read full article » | Save to favorites »

EU Ready For US Trade Deal, Von Der Leyen Says

By Josh White

The European Union is ready for a trade deal with the U.S. in the weeks ahead, but "all options remain on the table," the European Commission's president said Friday.

Statement attached | Read full article » | Save to favorites »

Brief

Digital Finance Group Lists On AIM To Boost Investor Reach

By Irene Madongo

Tap Global Group PLC began trading its stock on London's junior Alternative Investment Market on Friday, which the digital finance platform hopes will bolster its exposure to investors.

Read full article » | Save to favorites »

Brief

Marketing Consultancy In Talks To Sell Some Brands

By Irene Madongo

Marketing consultancy Next 15 Group PLC confirmed Friday that it is in talks about offloading some of its brands, amid media speculation about the move.

Read full article » | Save to favorites »