A US financial services software provider has gatecrashed a planned £1.4 billion acquisition of the UK financial technology company Fidessa by Switzerland’s Temenos.
Dublin-based C&C Group - which owns Bulmers, Magners and Tennent’s - will acquire the wholesale arm of Conviviality, safeguarding more than 1,800 jobs.
Zurich-based reinsurer Swiss Re has clarified that Japan's Softbank is considering buying a minority stake of up to 10% - significantly less than the 25% worth $9.6 billion that had been reported previously.
Struggling Chinese conglomerate Anbang Insurance Group will get Rmb61 billion ($9.7 billion) bailout injection from the China Insurance Security Fund to tide it over until the company can find new long-term investors.
The environmental group Friends of the Earth said it would file a lawsuit in the Netherlands if Royal Dutch Shell failed to fall into line with the Paris climate agreement.
Deutsche Bank has roped in former Merrill Lynch chief executive John Thain for its supervisory board, in a reshuffle seen as strengthening the lender’s commitment to its struggling investment bank arm.
The struggling retail chain Mothercare has ousted its chief executive Mark Newton-Jones and replaced him with David Wood, previously president of Kmart Holdings.
Smith & Nephew, the FTSE 100 orthopaedics group, has appointed Namal Nawana, a former head of Alere, as chief executive, as the company is facing mounting pressure from Elliott Advisors to break itself up.
Facebook has revealed that more than a million British Facebook users could have had their personal data accessed by Cambridge Analytica; the social media giant also increased its estimates of the total number of users affected from 50 to 87 million.
Peppa Pig's expansion into Asia has boosted earnings in Entertainment One's family division by 50% in the 12 months to 31 March, compared with the previous year.
John Flint, who took the helm of HSBC in February, is considering further slimming down the lender; he is reviewing up to a quarter of the remaining 67 countries the bank operates in.
Bahrain has discovered an offshore field, which contains at least 80 billion barrels of shale oil and has estimated 10 trillion-20 trillion cubic feet of deep gas reserves, the kingdom's national oil and gas authority said.
Fears of a full-blown trade war between the US and China have wiped £1.8trillion off the value of America's leading companies in recent weeks; the two main benchmarks on Wall Street – the Dow Jones Industrial Average and S&P 500 – have fallen 10% since peaking on 26 January.
Collapse of Carillion and bad weather that slowed work on building sites and delayed deliveries of materials resulted in the slowdown in the Britain’s struggling construction sector.
There has been a 20% decline in the number of high-end British homes owned through offshore companies since 2013 after a government crackdown on opaque ownership structures.
Chinese officials have warned of an all-out trade war with the US after retaliating with a potential list of additional tariffs on key American goods such as soy beans, beef, steel, aluminium, cars, aeroplanes and tobacco.
French motor group PSA has announced investment of more than £100 million at Vauxhall’s Luton plant to produce new Vauxhall and Opel Vivaro vans, as well as future Peugeot and Citroën models, disregarding uncertain future trading conditions with Europe.