Shire shares spike as AbbVie ups its offer
US pharmaceuticals giant AbbVie has raised its bid for Irish-domiciled Shire to £51.15 per share, causing the company’s share price to rocket, it was revealed today.
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Blackstone set to buy FCA’s London HQ
In a deal thought to be worth £165m, Blackstone, the private equity behemoth, is preparing to buy the headquarters of the Financial Conduct Authority (FCA), it has been reported.
South Korean giants focus on staying stable
The biggest concerns for South Korean multinationals over the remainder of 2014 are managing risks and increasingly their corporate stability, it has been reported.
Risk Management: Seven areas you should be thinking about
With a whole host of regulatory and organisational challenges on the horizon, financial institutions will face a number of risk management issues over the coming months. Here, the experts at Wolters Kluwer outline the seven most important areas facing financial institutions in the next year.
Scottish economist slams official Treasury figures
One of Scotland’s leading oil economists has described UK estimates of income as ill-informed and “wide of the mark.”
What to do if you’re cyberattacked: Global Payments Treasurer gives first-hand advice
In 2012, Global Payments suffered an online security breach that compromised 1.5m credit card numbers and lost the company $125m. Vice President and Treasurer Lisa Joublanc gives an insider’s perspective on the disaster – and what companies can do to stop costs from spiralling if it happens to them.
Montagu takes £159m hit on Maplin sale
Montagu Private Equity, which a decade ago bought a 67% stake in in 40-year-old consumer electronics retailer Maplin for £244m, has sold its share for £85m, it has been announced.
Non-FACTA account holders facing 30% penalty tax
A new anti-tax evasion measure that slaps a hefty withholding tax on money spirited into non-compliant foreign entities has now come into effect.
Blue Line brings compliance to $2 billion cannabis industry
The leading financial services provider for America's legal cannabis industry has announced a partnership with Nevada’s First Security Bank that will see it expand its offering to financial compliance.
Share hike for Mothercare after US bids rejected
The British retailer Mothercare saw its shares jump 15% today, following its rejection of two takeover bids from a US company.
