Serica to acquire Tailwind in £367m deal December 20, 2022 Serica Energy has announced it will buy the entire share capital of fellow North Sea oil firm Tailwind Energy Investment for a combined £367m. Natural gas producer Serica Energy will provide a £58.7 million cash payment and will issue over 111m ordinary shares representing as much as 28.9 per cent of its share capital. The [...]
TSB hit with £48.7m by watchdogs over 2018 IT fiasco December 20, 2022 High street lender TSB has been slapped with a £48.65m by City watchdogs today for “widespread” failings during a 2018 IT update programme, which left millions of customers without access to banking services.
North Sea watchdog hits three oil and gas firms with £265,000 fines December 19, 2022 A trio of oil and gas operators have been hit with a massive six-figure fine, as the UK's North Sea watchdog aims to enforce net zero rules.
At last: EU ministers finally agree Russian gas price cap December 19, 2022 EU energy ministers have finally agreed a gas price cap, after months of talks within the bloc as it seeks to slash Russian war revenues.
China: Quiet trading floors and hampered supply chains as Covid-19 spreads December 19, 2022 Covid-19 is sweeping though China’s capital city according to reports, after strict measures were suddenly removed earlier this month. The virus has quietened trading floors in Beijing and is also spreading fast in the financial hub of Shanghai, according to a Reuters report. Stock trading volume has fallen in the last week, with most currency [...]
Truphone sale jeopardised, founder puts in last-minute bid to buy back company December 19, 2022 A last minute bid from Alexander Straub, has jeopardized the sale of Truphone. Straub is one of the founders of Truphone. The company is a GSMA accredited global mobile network headquartered in London that operates its service internationally. It has an annual revenue of £45.62 m. Shares in the company were put up for a [...]
European regulator injects hope into AstraZeneca’s bid to tackle cancer December 19, 2022 The European Medicines Agency has handed AstraZeneca a number of recommendations and one approval for a trio of cancer drugs the Big Pharma firm is looking to market in the continent. AstraZeneca’s cancer drug Enhertu has been given the green light by the European regulator for use among patients with gastric cancer. Around 136,000 cases [...]
Despite Brexit: Octopus’ Bulb deal could trigger EU involvement, says lawyers December 19, 2022 Octopus Energy's takeover of Bulb could breach EU state aid rules, according to senior competition lawyers.
Music Licensing Inc announces plans to list on NASDAQ December 19, 2022 Music Licensing Inc, a leading music and performance rights licensing company has announced plans to list on NASDAQ. The company has filed necessary paperwork with the Financial Industry Regulatory Authority (FINRA) to confirm its eligibility. In June 2022, Pro Music Rights, Music Licensing Inc’s main holding, was valued at nearly £350 m. In regards to [...]
London Stock Exchange group strikes deal to buy Acadia December 19, 2022 The London Stock Exchange Group (LSEG) announced it had snapped up risk management firm Acadia today as it looks to boost the growth of its post-trade offering.