M&A
Visa launches bid for Visa Europe, UK Banks stand to gain
Visa Europe has been approached by its former parent company, US-listed Visa Inc. with a bid offer, reports have claimed.
JustEat to acquire market leader in Australia and New Zealand
Just Eat will acquire its rival Menulog Group to gain a leadership position in the fast growing markets for takeout food in Australia and New Zealand.
Telecity receives £2.3bn offer from Nasdaq's Equinix, first-quarter sales disappoint
Datacentres group Telecity, which in February agreed a £1. 44bn non-binding bid for Dutch firm Interxion, has received a takeover offer from Nasdaq-listed rival Equinix at 1,145p per share in cash and equity, as it also reported slower sales in the first quarter.
Market overview: FTSE 100 finishes up 0.1%
1630: Close The FTSE 100 finished up 6. 16 points at 6,933. 74 after a choppy session as investors showed pre-election nervousness, while comments from Janet Yellen didn't help. Corporate earnings came in mostly better than expected, with Sage, Imperial, Legal & General and GKN impressing with results. Sainsbury's bucked the trend however, finishing down 3. 2% after underwhelming with its full-year figures.
Lafarge and Holcim allowed to merge by US and Canadian authorities
Cement giants Holcim and Lafarge won US and Canada's antitrust approval to merge on Monday, more than a year after their megadeal was announced in April 2014.
Dinamia's Tryo to sell Teltronic to UK's Sepura
Spain's first listed private equity firm Dinamia announced it had reached an agreement to sell 100% of its subsidiary Teltronic to the UK's Sepura.
Fosun to complete merger with US outfit Ironshore
China's leading global investment group Fosun International Ltd announced its plans to acquire the remaining 80% stake of US insurer Ironshore Inc whichit did not already own, in an operation valued at $1. 8bn.