Proposals by the government to abolish the Competition and Markets Authority's independent decision-making panel without replacing it with easier mechanisms to appeal rulings might ultimately harm the businesses that Whitehall wants to attract, experts have warned.
Proposals by the government to abolish the Competition and Markets Authority's independent decision-making panel without replacing it with easier mechanisms to appeal rulings might ultimately harm the businesses that Whitehall wants to attract, experts have warned.
Shareholders in Edinburgh Worldwide Investment Trust PLC have rejected a slate of resolutions from U.S. activist investor Saba Capital Management LP, affirming confidence in the existing board and its strategic direction, the company has said.
Swedish logistics property company Catena has finalized a directed share issue, raising 2.75 billion Swedish kronor ($302 million) to strengthen its balance sheet and support growth that might include a Finnish acquisition.
NCC Group said Wednesday that it has agreed to sell its Escode software escrow business to private equity firm TDR Capital at an enterprise value of £275 million ($370 million), as the U.K. cybersecurity company sharpens its focus on its remaining cybersecurity and resilience unit.
British energy company Drax said Wednesday that it has agreed to acquire flexible power provider Flexitricity Ltd. from global investment manager Quinbrook Infrastructure Partners Ltd. in a £42 million ($56.5 million) deal guided by DLA Piper.
British mapping software business 1Spatial said Wednesday that VertiGIS, a portfolio company of U.S. technology investor Battery Ventures, has made a formal cash bid to acquire it for approximately £87.1 million ($117 million) and take it private.
Managing general agent Optio has confirmed its full acquisition of Italian MGA Heca, in the latest deal announced in a busy specialized insurance market.
Pearson PLC rolled out a stock repurchase program on Wednesday of up to £175 million ($235 million), the first part of a £350 million buyback aimed at reducing the educational company's share capital.
