Petroleum company EnQuest PLC said Wednesday that one of its subsidiaries has agreed to acquire stakes in four offshore assets in Malaysia for up to $833 million to expand its footprint in the region.
Intense competition between insurance companies is helping U.K.-based defined benefit pension plans achieve "unprecedented" retirement deal pricing, Lane Clark & Peacock has said.
Online payment company QuidPay has sued a digital bank over the decision to suspend its accounts because of alleged fraudulent transactions linked to its clients, and unlawfully retaining millions of pounds.
The chief executive of a Saudi construction firm has accused Healys LLP of negligently releasing funds to buy properties in Cyprus before the building works were completed, causing him to lose out on €2 million ($2.3 million) and the Cypriot citizenship relying on his investment.
Beckett Investment Management Group has acquired local financial planning specialist Norfolk & Suffolk Financial Services, in a move it expects will strengthen its presence in eastern England.
Coastal Africa Group Ltd. said Wednesday that its shares are now trading on the junior investment market of the London Stock Exchange after raising approximately £17.4 million ($23 million) in its initial public offering.
Ceres Power Holdings PLC said Wednesday it has conditionally raised around £103 million ($138 million) from selling stock, which the company plans to use for investment in its technology platform, amid accelerating demand for energy.
The government has launched a group to help strengthen trust in artificial intelligence as part of its broader bid to encourage wider adoption of the new technology.
While the European Commission’s recent proposal for a single corporate framework across the European Union should offer a seamless and more accessible structure for high-growth businesses, seemingly minor variations complicate deal structuring and give rise to legal uncertainty in practice, says Mathieu de Korvin at Alkeom.
