Deutsche Bank boss: A ‘wave’ of European bank mergers is coming December 4, 2024 The chief executive of Deutsche Bank has predicted a “wave” of European bank mergers while playing down speculation he could make a bid for domestic rival Commerzbank. Speaking at the Financial Times’ Global Banking Summit on Wednesday, Christian Sewing said consolidation in the sector will accelerate and could be supported further by changes to regulation. [...]
CMA takes steps towards probe into BlackRock’s acquisition of Preqin December 3, 2024 The British competition regulator takes first steps towards a probe into BlackRock's anticipated £2.55bn acquisition of financial data group Preqin
Hill Dickinson capitalises on private equity’s surge in accountancy sector December 2, 2024 PE's growing presence in accountancy is driving demand for legal expertise, as firms like Hill Dickinson position themselves to capitalise
London Stock Exchange takeover bonanza tops £50bn November 29, 2024 This year's barrage of takeover bids for firms lsited on the London Stock Exchange has jumped to £52bn, igniting fears over the future of Britain's equity markets.
Cosy Club owner Loungers snapped up by Fortress for £338m November 28, 2024 Fortress will offer 310p per share, which is a 30 per cent premium to Loungers' closing price yesterday and above its highest ever trading price.
Direct Line rebuffs ‘highly opportunistic’ approach from Aviva November 27, 2024 In a stock exchange announcement, Aviva confirmed that it had submitted an offer last week, which valued the FTSE 250 firm at 250p per share.
UK M&A set for ‘sustained increase’ after Budget and Trump victory November 14, 2024 British M&A activity is expected to ramp up going into 2025, City advisers have said, as dealmakers feel more certainty following the Budget and US presidential election.
UK’s cash-strapped fintechs brace for buyouts as London IPOs stall October 8, 2024 Amid a dearth of IPO activity, the UK's fintech sector is bracing for more consolidation as successful start-ups expand and established players fend off future rivals.
Renew buys Full Circle in entry into onshore wind market October 7, 2024 Amersfoort-based Full Circle repairs, maintains and monitors assets in the European renewable energy market.
TI Fluid Systems rebuffs bid from Apollo-backed ABC Technologies September 16, 2024 British car part supplier TI Fluid Systems has rejected two offers from rival Canadian firm ABC Technologies, concluding they “significantly undervalued” the London-listed firm. The FTSE 250 constituent, which specialises in fluid handling and operates nearly 100 manufacturing countries in 27 countries, confirmed in a statement that it had received a second “unsolicited, highly preliminary” [...]