Chief executives got their
deal-making confidence back in 2014, emboldened by a clearer
outlook for their businesses to take the global value for
mergers and acquisitions (M&A) to their highest annual level
The total was boosted by a rush of large deals in the
telecoms, healthcare and consumer sectors, with transactions,
some of which had been contemplated for years, promising to
cause a chain reaction as rivals move to defend their territory.
In the latest example British telecoms group BT's
move to buy mobile operator EE is expected to put pressure on
rivals to seek their own tie-ups as fixed-line and mobile
networks and pay-TV services converge.
"The need to stay competitive and strengthen the core
business is the main catalyst," said Wilhelm Schulz, head of
M&A in Europe, Middle East and Africa (EMEA) at Citi.
Dec 19 (Reuters) - A former trader from Royal Bank of
Scotland was arrested east of London on Friday in
connection with a criminal investigation into allegations that
bank traders tried to manipulate currency markets, according a
report in the Financial Times.
"We can confirm one man was arrested in Billericay," a
spokeswoman for the U.K. Serious Fraud Office said in a
statement. She said officers from City of London Police helped
in the operation, but declined to specify which investigation
the arrest was in connection with.
German state-backed lender
BayernLB is suing Formula One boss Bernie Ecclestone
for millions of euros in damages in connection with his
involvement in the 2006 sale of its stake in the motor racing
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