Rule changes introduced by the government in April that allow retirement savings plans to invest in listed closed-ended investment companies could help stem the exodus of real estate investment trusts from the London Stock Exchange, experts say.
Rule changes introduced by the government in April that allow retirement savings plans to invest in listed closed-ended investment companies could help stem the exodus of real estate investment trusts from the London Stock Exchange, experts say.
Employee representatives across Europe warned that Apollo's debt-funded £5.7 billion ($7.6 billion) easyJet takeover could weaken the airline's balance sheet and leave staff exposed once non-binding 12-month protections expire.
A private investor has sued a financial analyst for allegedly failing to close stock trades as prices fell, claiming the inaction contributed to up to £14.7 million ($19.6 million) in avoidable losses under a deal the pair scribbled on a Post-it note.
Shipping giant International Seaways Inc. said Friday that it has agreed to acquire Bruton Ltd., which is listed on the Euronext Oslo stock exchange, in a deal that values the tanker owner at $370 million.
Seventeen Group has acquired what it described as one of the longest-established independent Lloyd's of London brokers, marking the latest acquisition in a busy buying period for the insurance and risk management company.
IP Group said Friday that its portfolio company Microbiotica Ltd. has raised £36 million ($48 million) to develop a treatment for ulcerative colitis, a chronic inflammatory bowel disease.
Truck maintenance company TIP Trailer Services UK Ltd. is suing several former Culina Group executives behind a trailer refurbishment business it bought for £12.1 million ($16.2 million), alleging they hid the business's ties to Culina and misled TIP about the reliability of a key contract with the logistics giant.
The past week in London has seen closed cryptocurrency platform BitMEX sue Celsius Network amid ongoing litigation between the companies, and an independent music producer lodge a claim against Universal Music over the 1993 Gabrielle hit single "Dreams."
In this week's Taxation With Representation, Penske Automotive Group Inc. agrees to be taken private by Motown Acquisition Corp., a GTCR-led group of private investment firms acquires software firm CCC Intelligent Solutions Holdings Inc. and a Steris PLC subsidiary buys specialty surgical products business Xodus Medical Inc.
With management teams increasingly asked to stay invested for longer periods as private equity holding periods extend and routes to exit become less predictable, management incentive plans require sufficient flexibility to remain effective, say lawyers at Morgan Lewis.
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