London-listed XPS Pensions Group said Friday that it will buy U.K. actuarial consultancy Austin Professional Resourcing for up to £16.3 million ($22 million) in order to expand its business.
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TOP NEWS

Osborne Clarke Guides XPS Pensions In Buy Of Up To £16.3M

By Najiyya Budaly

London-listed XPS Pensions Group said Friday that it will buy U.K. actuarial consultancy Austin Professional Resourcing for up to £16.3 million ($22 million) in order to expand its business.

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Aircraft Lease Investor Exits LSE After £190M Qatari Takeover

By Tom Fish

Amedeo Air Four Plus Ltd. said Friday it has ceased trading on the London Stock Exchange after a subsidiary of Lesha Bank LLC (Public) in Qatar completed its £190 million ($251 million) acquisition of the aircraft leasing investor.

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Online Payment Biz Demands Release Of $12M In Held Funds

By Ronan Barnard

Online payment company QuidPay urged a London judge Friday to order a digital bank to pay out funds worth more than $12 million withheld after suspending its accounts as a result of suspected fraudulent transactions, saying that it is facing "total destruction."

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LITIGATION

Roundup

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

By Laura Stewart Liberty

The past week in London has seen Michelle Mone sued by PPE Medpro, Broadfield Law sued by the founders of an international aid company, and litigation funder Fortress bring a claim against Edwin Coe and businesses the law firm represented in a cartel claim.

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POLICY & REGULATION

FCA Eyes Conflict Curbs For London Investment Trusts

By Alex Davidson

The Financial Conduct Authority proposed rule changes Friday for investment trusts listed on the London Stock Exchange that would manage conflicts of interest when a substantial shareholder tries to become a director with a financial interest.

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CAPITAL MARKETS

Brief

Brown Rudnick Advises Data Firm On £5M Share Sale

By Irene Madongo

Data management business Cirata PLC said Friday that it has successfully raised £5.1 million ($6.7 million) in a funding round that was oversubscribed.

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Brief

Defense Technology Business Raises £4M From Placing

By Irene Madongo

Defence Holdings PLC said Friday it has conditionally secured £4 million ($5.3 million) from a fundraising program, which it wants to use to finance its working capital needs and undertake partnerships with companies in the defense sector.

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DEALS

Roundup

Taxation With Representation: Sidley, Paul Weiss, Kirkland

By Zak Kostro

In this week's Taxation With Representation, Germany's Merck KGaA acquires life sciences tools supplier Bio-Techne Corp., drugmaker AbbVie buys clinical-stage biotechnology company Apogee Therapeutics, and building materials supplier CRH acquires infrastructure products maker Arcosa Inc.

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LAW FIRMS IN TODAY'S NEWS

A&O Shearman

Addleshaw Goddard

Brown Rudnick

Carey Olsen

Clifford Chance

Clyde & Co

DWF LLP

Edwin Coe

Eversheds Sutherland

Fladgate LLP

Fountain Court Chambers

Gateley PLC

Gibson Dunn

Hogan Lovells

Kennedys Law LLP

Kirkland & Ellis

Lewis Silkin

Mishcon de Reya

Norton Rose

Osborne Clarke

Paul Weiss

Rahman Ravelli

Reed Smith

Reynolds Porter

Shakespeare Martineau

Shoosmiths LLP

Sidley Austin

Simmons & Simmons

Stephens Scown

Stephenson Harwood

XXIV Old Buildings

COMPANIES IN TODAY'S NEWS

AbbVie Inc.

AirAsia Bhd.

Apogee Therapeutics

Arcosa Inc.

AstraZeneca PLC

Aviva Investors Holdings Ltd.

Bio-Techne Corp.

DAF Trucks NV

Daimler AG

Deloitte Touche Tohmatsu Ltd.

Dubai International Financial Centre

Emirates NBD Bank PJSC

Flutter Entertainment

Haleon PLC

Kobalt Music Group Ltd.

Laing O'Rourke

London Stock Exchange Group PLC

Merck & Co. Inc.

Merck KGaA

PricewaterhouseCoopers LLP

SEI Investments Co.

Scania

Solicitors Regulation Authority Ltd.

StoneX Group Inc.

Techne Corp.

XPS Pensions Group

GOVERNMENT AGENCIES IN TODAY'S NEWS

Competition Appeal Tribunal

European Commission

Financial Conduct Authority

House of Lords of the United Kingdom

UK High Court

UK Intellectual Property Office (IPO)