The Financial Conduct Authority said Thursday that it has fined the London Metal Exchange £9.2 million ($11.9 million) for failures in 2022 that "undermined the orderliness" of the market and led to a sudden surge in nickel prices.
The Financial Conduct Authority said Thursday that it has fined the London Metal Exchange £9.2 million ($11.9 million) for failures in 2022 that "undermined the orderliness" of the market and led to a sudden surge in nickel prices.
Arthur J. Gallagher & Co.'s benefits and consulting arm denies that it owes a former chief executive of a company it acquired £1.55 million ($2 million) on his claim that it failed to manage the business correctly, as legal wrangling over the acquisition continues.
One Health Group PLC said Thursday that it has started trading on the junior investment market of the London Stock Exchange after raising approximately £7.8 million ($10.1 million) in an equity offering guided by Shakespeare Martineau LLP.
Norway's sovereign wealth fund said Thursday that it has acquired 25% of a property portfolio in Covent Garden for £570 million ($739 million) from investor Shaftesbury Capital — the latest U.K. land acquisition by the fund.
An agricultural giant has offloaded £785 million ($1 billion) of its pension liabilities to Legal & General Assurance Society Ltd., the insurer said Thursday, in a deal guided by Gowling WLG, Sacker & Partners LLP and Clifford Chance LLP.
Diversified Energy Co. PLC launched on Thursday a share buyback program worth up to £52.3 million ($68 million), a week after the natural gas producer said it had completed the purchase of energy business Maverick.
Wickes Group PLC said Thursday that it plans to launch a share repurchase program worth up to £20 million ($26 million) in April, as it reported a drop in its revenue amid challenging market conditions.
Medical technology company EDX Medical Group PLC said Thursday that it has provisionally raised £3 million ($4 million) from existing and new investors to help roll out a new "super test" for cancer.
Britain's antitrust authority said Thursday it has approved the acquisition by Spanish utility company Iberdrola of an 88% stake in British power distributor Electricity North West, allowing it to proceed.
