Transactions UK

  • January 31, 2025

    UK To Ease Bond Issuance By Firms To Draw Retail Investors

    The finance watchdog set out plans on Friday aimed at encouraging individual investors to buy corporate bonds by making it easier for companies listed on the London Stock Exchange to raise money through smaller issuances.

  • January 31, 2025

    LSE Bets On Growth Firms To Secure Post-Brexit Status

    The position of the London Stock Exchange as Europe's leading listings market has been challenged in the five years since Brexit, but lawyers believe that the removal of the venue's "super-equivalent" regime could make it a viable competitor for growth companies.

  • January 30, 2025

    Amex GBT Calls Judge's Sept. DOJ Trial 'Manifest Injustice'

    American Express Global Business Travel Inc. asked a New York federal judge Wednesday to reconsider waiting until September to hear the U.S. Department of Justice challenge to its planned $570 million purchase of CWT Holdings LLC, arguing it needs an answer much sooner.

  • January 30, 2025

    JPMorgan, Fintech Each Claim Victory On Appeal In JV Spat

    A JPMorgan Chase & Co. unit and fintech business WeRealize on Thursday both claimed victories in their dispute over the valuation of a joint venture following a mixed judgment by the Court of Appeal that settled complex issues between the two sides.

  • January 30, 2025

    M&A Shot To $3.7T In 2024 As IT/Tech, Finance Shined

    Mergers and acquisitions deal values and volumes rebounded significantly in 2024 after a slow 2023, with the IT/tech and financial services sectors leading the way, according to a Thursday report from data firm PitchBook.

  • January 30, 2025

    Data Biz Plans To Delist From AIM Citing Costs

    Data and intelligence company Merit Group PLC said Thursday that its board has proposed delisting the company's shares from the junior investment market of the London Stock Exchange, citing costs and regulatory burden, two weeks after a substantial shareholder requested to consider the move.

  • January 30, 2025

    Social Housing Manager Mears Begins £18M Buyback

    Mears Group PLC on Thursday kicked off an up to £18 million ($22 million) share repurchase program, as the housing manager looks to further downsize its outstanding share capital and reward investors.

  • February 06, 2025

    Hogan Lovells Adds 5 Pros From White & Case In Italy

    Hogan Lovells has recruited a team of five corporate and finance lawyers from White & Case LLP in Italy, its latest group hire, as it looks to keep building in the country.

  • January 30, 2025

    Energy Group Urges UK To Link To EU's Carbon-Tax Measure

    The U.K. government should link to the European Union's Emissions Trading System to mitigate the impact of carbon border taxes on businesses in Northern Ireland, an energy industry group said.

  • January 30, 2025

    Osborne Clarke Guides Aviva's £23M Pension Deal

    Insurance giant Aviva has taken on £23 million ($28.7 million) of retirement savings liabilities from The Colthrop Board Mill Pension Scheme in a deal guided by Osborne Clarke, according to lead advisers on the transaction Thursday.

  • January 30, 2025

    Growth Stocks Need Rule Changes, City Group Says

    The government and regulators need to rewrite the rulebook for growth stocks in share trading, including an urgent review of "hampering" regulations like the Consumer Duty and "Dear CEO" letters, a leading City trade body said Thursday.

  • January 30, 2025

    Sidley, Mintz Guide Gene Biz Acquisition Worth Up To $7M

    Cell therapy specialist MaxCyte said Thursday that it has bought gene editing company SeQure Dx in a deal worth up to $7 million as it seeks to strengthen its ability to help developers in the field from R&D to commercialization.

  • January 30, 2025

    Shell Announces $3.5B Buyback Despite Profit Fall

    Shell PLC said Thursday that it will buy back $3.5 billion of its shares as the oil giant reported a 4% increase in its interim dividend despite reporting a dip in its earnings in the last quarter and full year 2024.

  • January 30, 2025

    Molson Coors Buys Stake In UK Mixer Biz Fevertree For £71M

    Molson Coors said Thursday that it has bought an 8.5% stake in Fevertree, a British maker of tonic and mixers, for £71 million ($88 million), as the Canadian-American brewing giant seeks to diversify its portfolio and grow the brand in the U.S.

  • January 30, 2025

    Nelson Mullins-Led Serco Unit To Buy Defense Biz For $327M

    Serco Group PLC said Thursday that a subsidiary has agreed to buy a defense software business from U.S. aerospace giant Northrop Grumman Corp. for $327 million, allowing it to tap into the "huge" sector as geopolitical tensions threaten to boil over.

  • January 30, 2025

    City Struggles With Compliance Amid Post-Brexit Rule Shifts

    Brexit paved the way for Britain to rip up the EU's financial services rule book and create a more U.K.-friendly regime — but some regulatory analysts say the process is taking too long, which imposes a bigger compliance burden on companies.

  • January 29, 2025

    $7.8B ChampionX Deal Gets Added Scrutiny Across The Pond

    SLB's path to closing its proposed $7.8 billion acquisition of ChampionX got a little trickier Wednesday as the U.K. Competition and Markets Authority launched a formal investigation into a deal that is also under the scrutiny of U.S. regulators. 

  • January 29, 2025

    CMS Steers £1.4B Pension Deal For Pharma Co.

    Legal & General said Tuesday that it has covered £1.4 billion ($1.7 billion) of pension liabilities for U.K. pharmaceutical company Aventis Pharma Ltd. to secure the benefits of all members of the retirement savings plan.

  • January 29, 2025

    Pensions Watchdog Backs Gov't Surplus Investment Plans

    Britian's retirement savings watchdog has given its backing to proposals recently floated by the government that would relax rules to allow pension funds to invest billions of pounds tied up in surpluses.

  • January 29, 2025

    FCA Sets 1st Fine For Breach Of Transaction Reporting Rule

    Infinox Capital Ltd. has been fined £99,200 ($123,240) for failing to submit transaction reports and risking market abuse going undetected, in the first action of its kind under the U.K. Markets in Financial Instruments Regulation, the Financial Conduct Authority reported Wednesday.

  • January 29, 2025

    Anglo American Completes $1B Sale Of Jellinbah

    British multinational mining giant Anglo American PLC said Wednesday that it has completed the AU$1.6 billion ($1.1 billion) sale of its minority interest in an Australian coal mining joint venture to Zashvin Pty Ltd.

  • January 29, 2025

    Slaughter & May Steers Water Provider's £490M Rights Issue

    Water utility company Pennon Group PLC said Wednesday that it has launched a rights issue worth up to £490 million ($609 million) to fund a major investment "step change" in U.K. infrastructure, after accepting the findings of a pricing review by regulator Ofwat.

  • January 29, 2025

    A&O Shearman Guides American Axle's £1.16B UK Biz Offer

    British automotive group Dowlais has agreed to a £1.16 billion ($1.44 billion) cash and shares takeover by U.S. operator American Axle & Manufacturing, the companies said Wednesday, as they seek to create a global car parts manufacturer.

  • January 29, 2025

    French Tech Biz Sopra Steria Seals €150M Share Buyback

    Sopra Steria Group SA said Wednesday it has completed ahead of time a €150 million ($156 million) share buyback program, which the French technology consultant will use to finance potential acquisitions in the digital services sector.

  • January 28, 2025

    TravelPerk Hits $2.7B Valuation, Announces Yokoy Buy

    Spanish business travel platform TravelPerk, advised by Allen Overy Shearman Sterling, Wilson Sonsini Goodrich & Rosati PC and Lenz & Staehelin, on Tuesday announced that it hit a $2.7 billion valuation after closing its Series E funding round with $200 million of commitments, while also announcing its acquisition of European expense, invoice and card payment processing platform Yokoy.

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