Airtel Money, an African financial technology business, said Friday that it has begun conditional trading on London's main market as part of its £5.3 billion ($7 billion) initial public offering, the largest in Britain since 2021.
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TOP NEWS

Airtel Money Begins Conditional Trading In £5.3B London IPO

By Najiyya Budaly

Airtel Money, an African financial technology business, said Friday that it has begun conditional trading on London's main market as part of its £5.3 billion ($7 billion) initial public offering, the largest in Britain since 2021.

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Music Co. To Hold Majority In Sleep Tracker Biz In $226M Deal

By Najiyya Budaly

Swedish health tech business Sleep Cycle said Friday that it will acquire domestic independent record label Audiowell for 2.255 billion Swedish kronor ($226 million), in a reverse takeover that will give the lifestyle music distributor a majority shareholding in the buyer.

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Macquarie Offers CMA Fix For Meter Reading Deal

By Matthew Perlman

Britain's competition enforcer is mulling a proposed fix for Macquarie Asset Management's planned purchase of electricity and gas metering company Energy Assets Group, after raising concerns about gas metering services for commercial customers.

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M&A

Brief

Scotchstone Weighs Joining Permanent TSB Buyout Bids

By Tom Fish

Investment firm Scotchstone Capital LLP said Friday it is considering making a takeover offer for Permanent TSB Group Holdings PLC, potentially increasing competition for the Irish lender as it pursues an already-agreed acquisition by Austria's Bawag Group.

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Brief

Pensions Admin Biz Founder Sells £10.5M Shareholding

By Joel Poultney

The founder of InvestAcc Group has sold all his shares in the pensions administration business for approximately £10.5 million ($13.9 million), the company said on Friday, in a move connected to the sale of two subsidiaries to a business he owns.

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LITIGATION

Roundup

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

By Megan Norcott

The past week in London has seen PrivatBank sue its former oligarch owner, building materials provider Kingspan face a €100 million ($112 million) claim over Grenfell Tower cladding and energy giants VaroPreem and Viaro Energy become embroiled in an intellectual property row.

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LAW FIRMS IN TODAY'S NEWS

A&O Shearman

Baker McKenzie

Bridge McFarland

Brodies LLP

Brown Rudnick

CMS Cameron McKenna Nabarro Olswang

Cripps LLP

DAC Beachcroft

DLA Piper

DWF LLP

Dentons

Enyo Law

Eversheds Sutherland

Freeths LLP

Freshfields

Gowling WLG

HSF Kramer

Hamlins LLP

Hill Dickinson

Hogan Lovells

Humphries Kirk

Keystone Law

Lewis Silkin

Morgan Lewis

Nabarro LLP

O'Melveny & Myers

Orrick Herrington

Phi Finney McDonald UK

Setfords Solicitors

Shakespeare Martineau

Shoosmiths LLP

Stephenson Harwood

Sterling Lawyers

Taylor Rose

Vinson & Elkins

Wallace LLP

Ward Hadaway

Womble Bond

COMPANIES IN TODAY'S NEWS

AXIS Capital Holdings Ltd.

Adidas AG

American International Group Inc.

Autogrill SpA

Bank of Canada

Bharti Enterprises Ltd.

Bibby Financial Services Ltd.

Core Construction Group Ltd.

Credit Suisse Group AG

DP World Ltd.

Dnata

ENI SpA

Essex Woodlands Health Ventures Inc.

GoldenTree Asset Management LP

International Finance Corp.

Kingspan Group PLC

LinkedIn Corp.

London Stock Exchange Group PLC

Macquarie Group Ltd.

MasterCard Inc.

Meta Platforms Inc.

Nasdaq Inc.

National Farmers Union

OpenAI OpCo LLC

Red Bull GmbH

Solicitors Regulation Authority Ltd.

Thales SA

Thomson Reuters Corp.

Toronto-Dominion Bank

UniCredit

Victoria's Secret & Co.

Visa Europe

Yamazaki Mazak Corp.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Companies House

Competition Appeal Tribunal

Competition and Markets Authority

Financial Conduct Authority

Irish High Court

UK High Court

UK Intellectual Property Office (IPO)