Real estate investment trust Segro said Wednesday that it has rebuffed an unsolicited £12.6 billion ($16.6 billion) bid from Prologis, saying the approach was "opportunistically timed" as the U.S. company seeks access to the U.K. rival's data center business.
Real estate investment trust Segro said Wednesday that it has rebuffed an unsolicited £12.6 billion ($16.6 billion) bid from Prologis, saying the approach was "opportunistically timed" as the U.S. company seeks access to the U.K. rival's data center business.
Elton John and Beyoncé's former manager has beaten a multimillion-pound claim accusing him of improperly diverting a music catalog investment opportunity for his own benefit, with a London judge ruling he was entitled to pursue the idea behind the Hipgnosis music investment fund.
Energy company Ratio Petroleum Energy LP has agreed to acquire oil and gas producer Pharos Energy PLC in an all-cash deal valued at £115.7 million ($152.1 million), the companies said on Wednesday.
Thalia Therapeutics said Wednesday that it has agreed to acquire Sanmirna Therapeutics, which specializes in cancer treatments, for up to approximately £16.7 million ($22 million), a move that would transform the British biotech firm into a clinical-stage therapeutics development company.
PayPoint PLC said Wednesday that it has completed its acquisition of AperiData following an earlier £1 million ($1.3 million) investment in the credit reference agency and open banking platform.
The Labour government is planning a 22% charge on interest gained on stocks and shares in individual savings accounts as part of overhauling rules for these tax-free saving options widely used to save for buying homes, Britain's tax authority said.
A group of insurance trade bodies said Wednesday that they will provide a fix for long-standing delays in paying risk assessors, amid fears that independent experts could abandon the market.
UK Finance has called for greater regulatory equivalence as part of a stronger financial services partnership between the U.K. and European Union ahead of their annual leaders' summit in Brussels on July 22.
The Council of Europe’s recently adopted protocol to the Warsaw Convention marks a significant evolution in the international asset recovery landscape, signaling a focus on proactive and coordinated methods that require organizations to consider how to respond quickly to unexpected enforcement action, say lawyers at Trowers & Hamlin.
