Associated British Foods PLC said Tuesday that it will proceed with a long-expected plan to spin off its fast-fashion chain Primark from its food businesses, creating a separate non-food company to list on the London Stock Exchange.
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WEDNESDAY, APRIL 22, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

A&O Shearman-Led Food Biz Confirms £10B Primark Spin-Off

By Tom Fish

Associated British Foods PLC said Tuesday that it will proceed with a long-expected plan to spin off its fast-fashion chain Primark from its food businesses, creating a separate non-food company to list on the London Stock Exchange.

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EQT Raises $15.6B For Asia-Pacific Private Equity Fund

By Najiyya Budaly

EQT AB said Tuesday that it has raised $15.6 billion for a fund that will give investors in the Swedish private equity firm access to technology and healthcare companies in the Asia-Pacific region.

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CMS, Eversheds Steer Superfund Clara On £43M Pension Deal

By Martin Croucher

Defined benefit superfund Clara-Pensions said Tuesday that it has completed a pension deal worth £43 million ($58 million) for film industry company Videndum PLC, guided by Cameron McKenna Nabarro Olswang LLP and Eversheds Sutherland.

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LITIGATION

Ex-Trading Co. Execs Win Millions In Battle Over Equity Snub

By Hanna Vioque

The former chief executive of trading technology business Finalto won more than £1 million ($1.2 million) in damages on Tuesday, as a London court found that the company's new buyers failed to show that an equity term sheet had no legal effect. 

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DEALS

US Investor Long Path Finalizes £340M Idox Purchase

By Tom Fish

U.S. investment company Long Path Partners confirmed Tuesday that its all-cash £339.5 million ($459 million) acquisition of software provider Idox will proceed after it secured sufficient shareholder approval.

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Brief

Doxa Enters UK Market With Eaton Gate Group Deal

By Dawood Fakhir

Goldman Sachs-backed U.S. insurance business Doxa has agreed to acquire the Eaton Gate Group, one of the largest independent managing general underwriters in the mid-market commercial insurance sector of the U.K., for an undisclosed amount.

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Brief

Clear Group Buys Rival Broker To Boost Presence In Scotland

By Dawood Fakhir

Commercial insurance broker Clear Group has acquired Scottish rival Spence Insurance to strengthen its presence in Scotland and support its business in the U.K.

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SURVEYS

The 2026 UK Lawyer Satisfaction Survey: Where Do You Stand?

How is your work-life balance? Are you content with your compensation and opportunities for advancement at work? Take the 2026 Law360 UK Pulse Lawyer Satisfaction Survey and share your thoughts.

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LAW FIRMS IN TODAY'S NEWS

A&O Shearman

Brick Court Chambers

Essex Court Chambers

Eversheds Sutherland

Hogan Lovells

Kirkland & Ellis

Mishcon de Reya

Nabarro LLP

Pinsent Masons

COMPANIES IN TODAY'S NEWS

Associated British Foods PLC

Barclays PLC

Canaccord Genuity Group Inc.

EQT AB

EQT Corp.

London Stock Exchange Group PLC

Long Path Partners LP

Playtech PLC

Rothschild & Co. SCA

The Goldman Sachs Group Inc.

UBS Group AG

GOVERNMENT AGENCIES IN TODAY'S NEWS

UK High Court

UK Pensions Regulator