Furniture Biz Staff Win Bid To Hold Buyers Liable For Pay

By Hanna Vioque

A tribunal has ruled that workers from a defunct furniture store operator transferred to two new companies specifically set up to take over operations of the high-end Danish design stores in Scotland, making the new companies liable for their employment.  

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Windhorst Loses Challenge To Prison Sentence For Contempt

By William Janes

Entrepreneur Lars Windhorst lost his bid on Tuesday to quash an 18-month suspended prison sentence for refusing to attend a hearing to provide evidence of his company's assets after it failed to pay €27 million ($31 million).

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Stock Exchanges Seek Fixes To Fragmented Green Rules

By Najiyya Budaly

An international group of securities exchanges called on governments and regulators around the world on Tuesday to patch together fragmented regulations on sustainability to help ease the movement of capital across borders.

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Indian MP Seeks Assets Moved Amid Helicopter Bribery Probe

By William Janes

An Indian politician has sued his business partner and their family members in a fight over assets — including half of the $220 million profits from a hotel — that were partly dispersed amid an Indian government bribery probe into a military helicopter deal.

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Freshfields-Led London Miner To Buy Aussie Rival For $166M

By Dawood Fakhir

Central Asia Metals said Tuesday that it has agreed to acquire Cygnus Metals Ltd. in an all-share transaction that values the Australian miner at about 232 million Australian dollars ($166 million).

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Elementis Sells Pharma Biz To ABF For €34M, Plans Buyback

By Dawood Fakhir

Chemicals maker Elementis said on Tuesday that it will launch a share buyback program after having sold its pharmaceutical manufacturing business to Associated British Foods PLC in a deal that valued the German business at €34.3 million ($40 million).

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Admiral Completes £80M Purchase Of Fleet Insurer

By Irene Madongo

Financial services provider Admiral has said it has completed the acquisition of Flock in a transaction that values the vehicle fleet insurer at £80 million ($108 million).

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Monthly Merger Review Snapshot

By Bryan Koenig

Nexstar and Tegna defended their merger from multiple challenges on both coasts, federal rail regulators said they need more information to review Union Pacific's proposed $85 billion purchase of Norfolk Southern and U.K. officials cut a deal allowing Getty Images to buy its rival Shutterstock.

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Brief

Insurer Sabre Launches £5M Share Buyback Program

By Irene Madongo

Motor insurance underwriter Sabre Insurance Group PLC rolled out on Tuesday a share repurchase program worth up to £5 million ($6.7 million) as it seeks to reward investors and cut its share capital.

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Brief

Payments Biz Boku Extends Share Buyback Program

By Irene Madongo

Payments company Boku said Tuesday it will extend its completed £6.4 million ($8.6 million) share buyback program by repurchasing up to a further 4 million shares.

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