M&A
Lloyds speaks to advisers about potential insurance M&A, reports say
Lloyds Banking Group is planning to expand its insurance brand Scottish Widows via several acquisitions, according to reports.
Shire sees Baxalta deal proceeding despite US tax rules
Pharmaceuticals firm Shire said it expected its $32bn (£22. 6bn) merger with Baxalta to go ahead despite new US tax rules stopping the $160bn deal between Pfizer and Allergan.
US competition authorities move to block Halliburton's bid for Baker Hughes
US authorities filed a lawsuit to block Halliburton's bid for rival Baker Hughes.
Intermediate Capital joins battle for Argus, reports say
Intermediate Capital Group has made an offer to acquire a large share of oil market data provider Argus Media, according to reports.
Pfizer and Allergan abandon merger
US drug maker Pfizer confirmed on Wednesday that its $160bn agreement to buy Allergan has been abandoned by mutual agreement, after the US Treasury announced new measures to curb tax inversions.
London-listed pharmas rally as Pfizer-Allergan deal collapses
Shares in pharmaceuticals companies Shire, AstraZeneca and GlaxoSmithKline rallied on Wednesday as investors bet that the termination of Pfizer’s agreement to buy Allergan might make the London-listed companies bid targets.
Glencore confirms sale of stake in agriculture unit for $2.5bn
Glencore has confirmed it has agreed to sell 40% of its agriculture commodities business to the Canada Pension Plan Investment Board (CPPIB) for $2. 5bn (£1. 8bn) cash, potentially followed by a further sale of 20% more in the long-term.
Glencore close to agreeing part-sale of agriculture unit, reports say
Glencore is nearing an agreement to sell a large chunk of its $6bn Viterra agriculture unit to the Canadian Pension Plan Investment Board, according to reports.
Bidding war heats up as ICE reportedly gets funding for LSE offer
The bidding war for the London Stock Exchange heated up on Tuesday following reports Intercontinental Exchange has secured funding from a trio of banks in preparation for a £10bn takeover bid.
William Hill and Sky back NYX in acquisition of gaming rival OpenBet
Bookmaker William Hill and Sky's 20%-owned Skybet have agreed to invest in Canadian online casino games supplier NYX Gaming to enable it to acquire fellow gaming company Openbet for £270m.
Branson profits as Alaska Air buys Virgin America for $4bn
Alaska Air has won the battle to take over Virgin America with a higher than expected offer of $57 a share that, all in all, values the carrier at roughly $4bn and is set to earn Sir Richard Branson a healthy profit.
Just Eat gets green light for Spanish acquisition
Online takeaway food delivery group Just Eat has received clearance from Spanish regulators to complete its acquisition of La Nevera Roja from Rocket Internet.
Home Retail agrees to recommend Sainsbury's offer
The board of Home Retail has agreed to recommend Sainsbury's takeover offer, with the grocer applying for a court-sanctioned scheme of arrangement to process the acquisition.