Shire has agreed to buy rare diseases specialist NPS Pharmaceuticals for $5.2bn as it bounces back from the collapse of a £32bn takeover by AbbVie, The Times reports. The company said it is "clearly a statement from us that we are committed to an independent future". "They came in their hundreds of
Read more-- Source link: (http://bit.ly/1AF6x4Z) -- Note: Reuters has not verified this story and does not vouch for its accuracy
Read more** Quindell shares jump as much as 14.8 pct after notification that Toscafund Asset Management LLP increases shareholding in the British IT outsourcing co ** Toscafund disclosed on Tuesday its shareholding rose from about 21.5 million shares to about 23.4 million shares, taking its voting r
Read moreThe Bank of England's lack of preparedness for the financial crisis that struck in 2007 has been laid bare with the publication for the first time of the secret discussions that took place between top officials and directors. Minutes of the Bank's board and oversight committee show that senior offic
Read moreLondon shares lost earlier gains by midday on Friday as downbeat manufacturing data across Europe and jitters about political uncertainty in Greece took their toll. The FTSE 100 Index fell back to stand 8.52 points adrift at 6,557.57 shortly before midday in the first trading session of the new y
Read moreUK stocks started the year slightly higher as those traders back at their screens after the Christmas break kept one eye on a falling euro and another on latest data about the state of the Eurozone's manufacturing sector. As of 08:53 the Footsie had gained 5.4 points to 6,570.19. Speaking to German
Read moreThe FTSE 100 Index is expected to start the New Year with slight gains, rising from Monday's closing level of 6,576.74, with most of its European peers seen advancing by between one and six tenths of a percentage point. The Financial Times's (FT) Friday edition led with a story regarding economists'
Read moreJan 2 (Reuters) - British technology and outsourcing company Quindell Plc said it had entered into exclusivity arrangements with a third party for possible disposal of an operating division to improve its working capital profile. Quindell said it was also in early discussions with a range o
Read moreControversial business services group Quindell is set to sell some of its divisions as part of a drive to boost working capital. Quindell, whose founder Robert Terry stepped down in November after his share-dealings were called into question, said it entered into exclusivity arrangements with a thir
Read moreBT is expected to announce as soon as December 15th whether it plans to buy EE or O2 to reenter the mobile phone market, The Sunday Times reported. The FTSE 100 telecoms company was working on a deal at the weekend with a statement due early in the coming week. BT is thought to favour O2 but could s
Read more** Quindell Plc's shares fall to their lowest level since 2011 after British IT outsourcing firm says its former chairman Robert Terry cut his take in the co to 3 pct ** Shares fall 37 pct to their lowest level in three years ** Stock is the biggest percentage loser on the London Stoc
Read moreEmbattled insurance outsourcer Quindell announced it has hired accounting firm PWC to carry out an independent review into its accounting practices. The firm has seen its shares lose more than 90% in value since April and has said the review will focus on its "main accounting policies and expectatio
Read more