M&A
Market overview: Shares down as Greek bond yields move higher
1630:Close Stocks ended the day sharply lower after Greek bond yields turned higher, ending the day up by 63 basis points at 11. 69%. Anglo American was the biggest faller on the last day of the first quarter, alongside shares of British American Tobacco and Imperial Tobacco. The latter came off on fears the US FTC would block a merger between US companies Reynolds American and Lorillard – although some analysts believe those worries may be somewhat exaggerated.
CBRE picks up facilities management unit from Johnson Controls for $1.5bn
Property titan CBRE Group on Tuesday announced the acquisition of the Global Workplace Solutions business owned by Johnson Controls for $1. 5bn.
Charter Communications snaps up rival Bright House Networks for $10.4bn
In a sign of further consolidation in the US cable industry, media firm Charter Communications on Tuesday confirmed a $10. 4bn acquisition of rival Bright House Networks.
Deutsche Boerse to invest in Indian commodities exchange
Deutsche Börse Group intends to acquire a minority stake in a new commodities exchange in India.
Antofagasta and Teck Resources deny merger rumours
UK-listed miner Antofagasta has quashed rumours that it was looking to merge with copper producing peer Teck Resources.
Teva acquires Auspex in £2.2bn deal
Shares in US-based biopharmaceutical company Auspex Pharmaceuticals surged over 40% on Monday, after it accepted a takeover offer from sector peer Teva Pharmaceutical.
Rolls-Royce buys ROV Technologies to expand nuclear reactor services
Engineering group Rolls-Royce has beefed up its reactor inspection operations through the purchase of US nuclear utility operator ROV Technologies.
Horizon Pharma acquires Hyperion for $1.1bn
Shares in Horizon Pharma jumped by nearly 15% after confirming it has acquired Hyperion Therapeutics for $1. 1bn.
United Health Group to acquire Catamaran for $12.8bn
The largest health insurer in the US has launched its largest acquisition ever to bolster its position in the market for drug benefit plans.
Kingfisher acquisition of MrBricolage scuppered
Kingfisher’s acquisition of its French rival MrBricolage was scuppered by resistance from the latter’s franchisees.
Royal Bank of Scotland says goodbye to Coutts business
Royal Bank of Scotland on Friday announced that it will be offloading its Coutts private banking business to Switzerland’s Union Bancaire Privée for what is rumoured to be a price of at least $600m.
Amazon in talks to buy online fashion retailer Net-a-porter
Amazon is planning to enter the fashion market through the takeover of online retailer Net-a-porter from Swiss firm Richemont.
ICAP mulling spin-off of electronic trading arm EBS-BrokerTec, rumours say
London interdealer broker ICAP is rumoured to be looking to spin off its electronic trading arm EBS-BrokerTec.
RBS set to sell Coutts International to Swiss Bank UDP
Royal Bank of Scotland (RBS) has agreed to sell its international private arm Coutts International, to Union Bancaire Privee (UBP), the Swiss private bank.
Kingfisher looking at options with Mr Bricolage deal now uncertain
B&Q owner Kingfisher said it is "considering all of its options" in regards to its proposed acquisition of Mr Bricolage after the French DIY chain and a major shareholder revealed they had reservations about the deal.
Haversham Holdings agrees to acquire British Car Auctions after £1bn placing
AIM-listed Haversham Holdings has agreed to acquire the BCA Group, which owns and operates British Car Auctions and its WeBuyAnyCar. com website, and will rename itself as BCA Marketplace.
Dubai to sell £1.5bn stake in London Stock Exchange
Eight years after investing in the London Stock Exchange (LSE) in a bid to create an investment empire, Dubai is selling its £1. 5bn stake in London's stock market.
Polymetal sees potential in Kutyn but still considering sale
Russian precious metals miner Polymetal has hailed the potential of its Kutyn project after the positive analysis of ore reserves, but said it is still looking at "strategic options" including a possible sale.
RBS confirms at least $3.2bn from sale of Citizens Financial stake
Royal Bank of Scotland has confirmed that it expects to make at least $3. 2bn from the partial sale of shares in US subsidiary Citizens Financial.
British Car Auctions to reverse into AIM's Haversham Holdings
AIM-listed Haversham Holdings, the cash shell headed by former Stobart Group chief Avril Palmer-Baunack, is reportedly nearing agreement on a £1. 2bn reverse takeover deal with British Car Auctions.