Johnson Matthey Beats Fraud Claim Over £325M Pharma Deal

By Eddie Beaver

Johnson Matthey defeated on Friday a claim that it acted fraudulently in the £325 million ($444 million) sale of one of its pharmaceutical businesses, despite a finding by a London court that the chemicals business had failed to disclose to the buyer significant details about the transaction.

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Baker McKenzie-Led Daily Mail Owner To Sell Data Biz For $1B

By Tom Fish

The owner of the Daily Mail has agreed to sell its U.S. property data business Trepp Inc. for $1 billion in cash to financial services provider Fitch Group Inc.

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Santander Completes £2.9B TSB Bank Acquisition

By Tom Fish

Banco Santander SA said Friday it has finalized its £2.86 billion ($3.9 billion) acquisition of TSB from Banco de Sabadell, in one of the biggest deals in Britain's banking sector in years.

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Redcentric Completes £123M Sale Of Data Center Biz

By Dawood Fakhir

IT services company Redcentric said Friday that it has completed the sale of its data center business to an affiliate of Deutsche Bank for approximately £123 million ($168 million), marking its exit from the data center operations.

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Pension Deals May See Price Shift In Reinsurance Crackdown

By Martin Croucher

Insurers could be forced to hike prices for bulk purchase annuity deals as a result of a crackdown by regulators on risky forms of offshore reinsurance, analysts said Friday.

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Brief

Cleaning Products Biz Launches 2nd Part Of £20M Buyback

By Irene Madongo

McBride PLC said Friday it has kicked off a share repurchase program worth up to £15.5 million ($21.1 million) — the second phase of the cleaning products business' wider £20 million buyback that it expects will lower its share capital.

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FCA Clears Verdane's £186M London Fintech Acquisition

By Dawood Fakhir

Britain's financial regulator has approved Swedish investor Verdane Fund Manager AB's £185.7 million ($253 million) acquisition of Augmentum Fintech, the venture capital trust said Friday.

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Roundup

UK Litigation Roundup: Here's What You Missed In London

By Laura Stewart Liberty

The past week in London has seen a Swiss energy trader bring a Financial List claim against shipping benchmarking company Baltic Exchange, law firm Slater and Gordon sued by a former client, Slack and Salesforce hit Microsoft with an antitrust claim, and Stephen Fry bring a personal injury claim after he broke bones falling off a stage. Here, Law360 looks at these and other new claims in the U.K.

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