South Africa's FirstRand plans to sell its British operations, including lender Aldermore and motor finance provider MotoNovo, after Britain's compensation scheme for missold car loans forced the bank to sharply increase its expected costs.
South Africa's FirstRand plans to sell its British operations, including lender Aldermore and motor finance provider MotoNovo, after Britain's compensation scheme for missold car loans forced the bank to sharply increase its expected costs.
Aviva PLC said Wednesday it has completed a pension insurance deal worth £100 million ($134 million) with the Iveco Ltd. Pension Scheme, securing the retirement benefits of more than 1,350 U.K. members of the commercial vehicle maker's plan.
Gas producer Rift Helium said Wednesday that it is planning to float on the junior investment arm of the London Stock Exchange and raise approximately £8 million ($11 million) amid a global helium shortage.
Acquisition company Acceler8 Ventures said Wednesday that it has agreed to buy British investment company Intuitive Investments Group PLC for approximately £600 million ($807 million) in a reverse takeover transaction.
Private equity firm Advent International LP said Wednesday that it will not make an offer for Senior PLC, after the British engineering group backed a £1.3 billion ($1.7 billion) bid from Blackstone and Tinicum.
TeamSystem, an Italian business software provider, said Wednesday it has snapped up two technology companies in France and Turkey in a move expected to boost its operational reach.
