United to recall furloughed employees as travel recovers

United to recall furloughed employees as travel recovers

By Anna Domanska - Jun 14, 2021

The fading of the pandemic and the rollout of vaccines has brought in some good cheer for the floundering air travel industry. More countries have opened up for business and are al

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UK's Sanne agrees to consider Cinven bid

UK's Sanne agrees to consider Cinven bid

By Anna Domanska - Jun 14, 2021

Sanne, a UK fund administration business that provides alternative asset and corporate services, has agreed to hold talks with private equity firm Cinven over a potential £1.4bn t

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Global stocks rise as investors ignore inflations indicators

Global stocks rise as investors ignore inflations indicators

By Anna Domanska - Jun 14, 2021

Global stocks rose to an all-time high, with investor showing confidence in a strong economic recovery from coronavirus and the vaccine effect, but the market is still a bit cautio

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UK watchdog whacks Amazon with probe for unfair data collection practices

UK watchdog whacks Amazon with probe for unfair data collection practices

By Christy Gren - Jun 11, 2021

The Competition and Markets Authority will focus on whether Amazon, Inc. favors merchants that use its delivery services.

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Altice buys 12 percent stake in BT worth £2 billion

Altice buys 12 percent stake in BT worth £2 billion

By Anna Domanska - Jun 11, 2021

Altice said it did not intend to make a bid for the British Telecoms company, though the takeover code also does not allow it to make an unsolicited buyout offer for six months wit

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G7 countries agree on broad principles of minimum corporate tax deal

G7 countries agree on broad principles of minimum corporate tax deal

By Anna Domanska - Jun 11, 2021

The world’s richest nations (G7) reached a landmark accord setting a global minimum corporate tax rate for multinationals. Would it be effective in tackling tax evasion and avoid

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BC Partner goes the Continuation Fund way to strike a $7bn deal

BC Partner goes the Continuation Fund way to strike a $7bn deal

By Anna Domanska - Jun 10, 2021

BC Partners, a UK private equity firm, has floated a “continuation fund” deal, one of Europe’s largest such deals, by transferring its 47 per cent stake in the academic publi

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FDA approves Biogen's $56,000 drug for Alzheimer's

FDA approves Biogen's $56,000 drug for Alzheimer's

By Anna Domanska - Jun 09, 2021

The Food and Drug Administration of the US approved on Monday Biogen Inc’s Aducanumab to treat Alzheimer’s disease amidst the controversy of its efficacy. Biogen has pr

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UK watchdog's plans for big banks to draw fair compete rules draws criticism

UK watchdog's plans for big banks to draw fair compete rules draws criticism

By Anna Domanska - Jun 09, 2021

Under UK Finance’s proposals, nine banks under investigation by the CMA would be obliged to fund a “future entity” for three years.

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