M&A
Shell sells further $1.7bn in Nigerian assets
Shell has completed the sale of more of its upstream Nigerian assets for $1. 7bn, following another disposal in the country last week.
3G Capital in takeover talks with Kraft
Private equity group 3G Capital is holding talks to acquire Kraft in what could be one of biggest corporate buyouts in recent memory, according to media reports.
Kraft and Heinz agree megamerger backed by Berkshire Hathaway and 3G Capital
Food giants Kraft and Heinz have agreed a megamerger to form the publicly listed Kraft Heinz Company, which will be the fifth largest food and beverage company in the world.
Kingfisher takeover of Mr Bricolage teeters on shareholder uncertainty
Retail group Kingfisher's long-running takeover talks with Mr Bricolage have stumbled on a major hurdle as the French company's board and major shareholders have admitted getting cold feet on the deal.
Oil and gas sector M&A deal volumes slid in 2014, says EY
Volume of mergers and acquisitions in the oil and gas sector slid further over 2014, even though headline deal valuation rose, according to Ernst & Young.
Land Securities sells 95% stake in London's Times Square for £268.4m
Land Securities sold its 95% stake in the Times Square office building near St Paul's Cathedral to private equity group Blackstone for £268. 4m.
Hutchison Whampoa and Telefónica near £10.5bn deal on O2
Hutchison Whampoa and Telefónica are close to cementing a £10. 5bn deal that would allow the Hong-Kong based group to merge the Spanish company's UK mobile operator O2 to its own British arm Three.
Competition regulator to review Dairy Crest's dairies disposal to Müller
Dairy Crest's proposed sale of its dairies operations to Müller has been referred to the Competition and Markets Authority (CMA), though the branded milk, cheese and spreads maker has said the deal still "remains on track".
TSB agrees sale with Banco Sabadell
TSB has agreed to be acquired by Banco Sabadell in a transaction valued at £1. 7bn.
Tesco completes property swap with British Land
Supermarket group Tesco has swapped ownership of a number of stores and retail parks with commercial real estate giant British Land in a deal worth £733m.
Holcim, Lafarge agree new terms for €41bn merger
Holcim and Lafarge have ironed out fresh terms over their proposed €41bn merger, which would create the world's biggest cement company.
Shell sells $737m of Nigerian upstream oil assets
Royal Dutch Shell has sold off a portion of its upstream assets in Nigeria for $737m cash to local operator Eroton Exploration & Production.
TLA Worldwide acquires Aussie-UK rival for £13.1m
Athlete agents TLA Worldwide has acquired Australia- and UK-focused rival Elite Sports Properties for up to US$19. 5m (£13. 1m) and increased its client base by 250 to more than 700.
Rentokil Initial completes 50th acquisition in North America
Continuing its accelerated acquisition strategy Rentokil Initial has completed two purchases in the Americas to strengthen its pest control business.
Market overview: Tullow and BHP lead gains
1630:Close UK stocks resisted the selling seen in Europe and Stateside, led by gains in Tullow Oil, as investors banked on the possibility for fiscal largesse from the Chancellor in tomorrow’s Budget. Shares in BHP Billiton lent their weight to the advance after the outfit announced it would keep its dividend pay-out intact. However, investors in other jurisdictions reigned in their horns ahead of Wednesday’s Fed policy meeting. As regards the Budget RBS’s Ross Walker “there remains a troubling lack of transparency about exactly what spending will have to be cut and exactly which taxes will have to rise.
China's Fosun International eyes up Cushman & Wakefield
Chinese conglomerate Fosun International is reportedly mulling a bid to acquire property consultancy group Cushman & Wakefield.
Dragon Oil receives offer from Emirates National Oil
Dragon Oil has confirmed that it has been approached by Emirates National Oil Company in an offer for the remaining share capital of the company.
Macerich rebuffs Simon Property's $16bn takeover proposal
US real estate investment trust Macerich has rejected a $16bn takeover proposal from rival Simon Property Group, saying the unsolicited bid substantially undervalues the company.
Failed Holcim-Lafarge merger would be credit-positive for CRH, says Fitch
Shares in CRH have taken a hit this week on fears that the Holcim-Lafarge merger may fall apart, given that the group's proposed acquisition of €6. 5bn of assets from the two European cement giants is contingent on the completion of their tie-up.
Trinity Mirror in talks to snap up assets from Express Newspapers
Trinity Mirror has confirmed it is in preliminary talks to snap up rival newspaper the Daily Express in a sign of further consolidation in the newspaper market.