M&A
Coca-Cola bottlers eye European three-way merger
European Coke bottler Coca-Cola Enterprises is in advanced talks about merging with its Iberian and German Coca-Cola bottling counterparts.
InterContinental Hotels slumps after denying Starwood merger talks
InterContinental Hotels Group was under pressure after denying it was in merger talks with Starwood Hotels.
Hellermanntyton soars as Delphi agrees £1.1bn takeover
HellermannTyton, the maker of cables and related products, has received a £1. 07bn takeover approach from UK-based, US-listed car parts group Delphi Automotive.
SSE buys stake in Shetland gas fields from Total
Energy supplier SSE has agreed to acquire a 20% stake in four North Sea gas fields and a 20% stake in a gas plant from France's Total for a total of £915m including future development investments.
Sainsbury's sells in-store pharmacies to Lloyds Pharmacies owner Celesio
Sainsbury's has agreed to sell its in-store pharmacies to Celesio, owner of Lloyds Pharmacies, for £125m.
RSA denies bid talks after Zurich Insurance says it's mulling takeover
Following an announcement earlier on Tuesday from Zurich Insurance that it was evaluating a potential offer for RSA Insurance, the London-listed company said it has not held talks with or received a proposal from Zurich.
Melrose surges on Elster disposal, plans to return over £2bn to shareholders
Melrose Industries rocketed 11% after saying it has entered into an agreement to dispose of its Elster business to Honeywell International for a cash consideration of £3. 3bn and announcing plans to return over £2bn to shareholders.
GKN rallies on acquisition of aerospace supply firm; operating profit beats expectations
Shares in GKN rose sharply after it announced an agreement to acquire Dutch aerospace supply firm Fokker Technologies Group from Arle Capital for an enterprise value of €706m and posted better-than-expected first-half operating profit.
Hikma Pharmaceuticals acquires US labs in $2.25bn deal
Drug developer Hikma Pharmaceuticals signed a deal to buy two firms from Boehringer Ingelheim in transactions worth a total of $2. 25bn.
GVC raises offer for Bwin.Party
GVC Holdings confirmed on Monday that it has raised its offer for Bwin. party Digital Entertainment following the company’s acceptance of a recent bid from 888 Holdings.
Teva in talks to merge with Allergan's generic unit
Following hot on the heels of the US Supreme Court's decision to uphold the 2010 Affordable Care Act, and in the face of increased competition in the arena for treatments against multiple-sclerosis, Teva Pharmaceuticals may announce a merger with part of Allergan as early as Monday, The Wall Street Journal reported.
Pearson in talks to sell stake in Economist Group
Pearson has been in discussions to sell its stake in the Economist Group, the publisher of the iconic The Economist magazine.
Gaming Realms to buy RealNetworks assets; announces share placing
Shares in Gaming Realms fell heavily as the company said it has placed 50m shares to fund the acquisition of gaming assets from RealNetworks Inc.
Nikkei buys Financial Times from Pearson for $1.29bn
Japan’s Nikkei has bought the Financial Times and associated business titles from Pearson for £844m.
Pearson confirms talks to sell FT, Axel Springer 'in advanced talks'
Pearson confirmed it is in advanced talks to sell the FT Group, the division that publishes the Financial Times newspaper and several other business titles, although it warned there was no certainty that a transaction will finally take place.
Staffline shares fall on reduced profit
Outsourcing company Staffline posted a pre-tax loss of £854,000, less than half of the £1. 945m it made in the same six months last year.
Credit Suisse eyes expansion through acquisitions, reports say
New Credit Suisse boss Tidjane Thiam has sounded out investors about plans to expand its asset management operations, according to reports.
St Jude reports profits up, signs acquisition
Medical device maker St Jude Medical said second quarter profits were up and confirmed it inked an acquisition deal for heart device developer Thoratec.
Lockheed Martin swoops for Black Hawk maker Sikorsky
US aerospace giant Lockheed Martin has agreed the takeover of Black Hawk helicopter maker Sikorsky for $9bn, more than it was expected to pay.
WPP strengthens digital interests in Turkey with agency acquisition
WPP has expanded its digital marketing interests in Turkey with the acquisition of a majority stake in Istanbul-based Directcomm Marketing for an undisclosed sum.