London-based private investment firm FitzWalter Capital Ltd. said Wednesday that it will not increase its approximately £491 million ($676 million) for Auction Technology because the online marketplace operator did not grant access to due diligence.
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TOP NEWS

FitzWalter Won't Boost £491M Bid For Online Auctions Biz

By Dawood Fakhir

London-based private investment firm FitzWalter Capital Ltd. said Wednesday that it will not increase its approximately £491 million ($676 million) for Auction Technology because the online marketplace operator did not grant access to due diligence.

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Linklaters-Led Atalaya Raises £130M For Copper Projects

By Najiyya Budaly

European copper producer Atalaya Mining said Wednesday that it has raised £130 million ($180 million) from institutional and retail investors as it seeks to boost its balance sheet and fund projects in Spain.

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HSF Kramer Guides British Land In £150M UK REIT Buy

By Tom Fish

British Land said Wednesday it has agreed to acquire Life Science REIT PLC in a cash-and-shares deal that values the troubled real estate trust at £150 million ($207 million).

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POLICY & REGULATION

Analysis

FCA Urged To Clarify AI Rules For Senior Managers

By Alex Davidson

The Financial Conduct Authority is facing calls from legal experts for it to plug gaps in its rules that could leave senior managers on the hook for failings in artificial intelligence under existing accountability regulations.

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DEALS

Abrdn Urges Shareholders To Reject Halt To Wind-Down

By Tom Fish

Abrdn urged its investors on Wednesday to vote against a proposed move by its largest shareholder to replace its new investment manager and to end the real estate investment trust's managed wind-down.

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Housing Biz Unite Seals £723M Acquisition Of Rival Empiric

By Dawood Fakhir

Student accommodation developer Unite Group said Wednesday its £723 million ($997 million) acquisition of rival Empiric has now been completed after the scheme of arrangement became effective to create a student housing giant with a £10.5 billion combined portfolio.

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Pensions Adviser Isio Launches Deals Service For Small Plans

By Joel Poultney

Pensions advisory business Isio has launched a service that it said is designed to support smaller retirement savings plans as they seek to overcome barriers to potential buyouts with insurers.

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LAW FIRMS IN TODAY'S NEWS

Addleshaw Goddard

Bryan Cave

Charles Russell Speechlys

Fox Williams

Frank LLP

Gowling WLG

HSF Kramer

Kennedys Law LLP

Latham & Watkins

Linklaters LLP

White & Case

gunnercooke LLP

COMPANIES IN TODAY'S NEWS

Abrdn PLC

Aviva SA

BMO Capital Markets Corp.

Banco Santander SA

British Land Co.

Canaccord Genuity Group Inc.

Investec PLC

London Stock Exchange Group PLC

Macquarie Group Ltd.

UBS Group AG

GOVERNMENT AGENCIES IN TODAY'S NEWS

Bank of England

Competition and Markets Authority

Financial Conduct Authority

Prudential Regulation Authority

UK Parliament Treasury Committee