Pfizer’s $160bn takeover of Allergan is under pressure after the US Treasury introduced new rules on inversion deals April 5, 2016 A deal between pharma companies Pfizer and Allergan which would create the world's largest drugs firm is back in the spotlight as it may not go ahead, after the US Treasury ramped up its efforts to curb so-called 'inversion deals'. Shares in Dublin-based Allergan are down over 15 per cent today, following the Treasury's announcement late last night [...]
Panama Papers: The fallout from the data leak has only just begun April 5, 2016 The Tory MP for Earlingford, James Conwyn, gave a lot of people what they were looking for yesterday morning when he tweeted his apparent ambivalence towards the leak of the so-called Panama Papers. The gist of his statement was that the story amounts to nothing more than a voyeuristic peak into the bank accounts of [...]
City Moves for 5 April 2016 | Who’s switching jobs April 5, 2016 Bevan Brittan Law firm Bevan Brittan has announced that Joanne Easterbrook has been appointed senior partner with effect from 1 May 2016. Joanne succeeds Bethan Evans in the post, who is returning to full-time local government client work. Joanne is a highly experienced partner and recognised specialist, leading the firm’s clinical risk practice and counting [...]
Allergan shares tumble in after hours trading as US Treasury takes further steps to curb ‘inversion’ deals April 4, 2016 Shares in Dublin-based pharmaceutical company Allergan have slumped by almost 20 per cent in after-hours trading, after the US Treasury said it was taking steps to curb so-called 'inversion deals' in which US firms reincorporate overseas following an acquisition. Allergan has agreed to be bought by Pfizer in a $160bn (£112bn) deal that would see Pfizer [...]
Panama Papers: HMRC gears up for Mossack Fonseca data leak fallout April 4, 2016 Global tax authorities are gearing up to deal with the fallout from a leak of more than 11m files from Panama-headquartered law firm Mossack Fonseca – as legal experts warn that any entity with business dealings in the Central American country could potentially find itself receiving a knock on the door from HM Revenue & Customs (HMRC). [...]
Twitter’s share price jumps on Mastercard interest April 4, 2016 Shares in social media firm Twitter jumped by over nine per cent today on news that payments firm Mastercard would be interested in a tie-up with the company. "We see companies like Facebook and Twitter occupying a really good space in social media and we are always over in Silicon Valley talking to those companies," said Ann Cairns, president [...]
Panama papers: Reaction to the massive data leak from law firm Mossack Fonseca detailing how global elite protect their riches April 4, 2016 News that a number of world leaders, as well as other global public figures, have been linked to tax evasion and money laundering has been met with calls for a crackdown on secretive international financial systems. A leak of 11m documents from Panamian law firm Mossack Fonseca has revealed that the company has helped clients launder money, [...]
With ex-Arsenal footballer Sol Campbell coming out in favour of a Brexit, the Leave camp must now tackle mixed messages April 4, 2016 Sol Campbell is used to dividing opinion among Londoners. Many of our city’s football fans worship the former Arsenal star for helping to deliver several Premier League titles and FA Cups to Highbury – and yet thousands of others still resent him for walking out on Tottenham Hotspur to join their fierce local rivals. A [...]
City Moves for 4 April 2016 | Who’s switching jobs April 4, 2016 Bryan Cave International law firm Bryan Cave has announced that Remy Blain has become managing partner of the firm’s Paris office. An M&A and private equity specialist, Remy is recognised by Chambers & Partners and other league tables in the areas of mid-cap mergers and acquisitions, private equity and distribution. His past experience includes senior [...]
