LONDON/MADRID - Britain's BT Group has been approached by O2 owner Telefonica and the parents of O2's bigger rival EE to discuss competing multibillion-pound deals to create a powerhouse in fixed-line broadband, mobile and TV.
LONDON - Britain's GlaxoSmithKline has asked its shareholders to vote at a meeting on Dec. 18 on its proposed major deal with Switzerland's Novartis, which will see the two pharmaceutical group trade more than $20 billion (12.78 billion pounds) of assets.
LONDON - Shares in insurer Aviva fell more than five percent on Monday reflecting uncertainty about the potential benefits of the company's 5.6 billion pound (8.79 billion US dollar) plan to merge with rival Friends Life | Video
LONDON - U.S. medical device maker Stryker Corp is examining a bid for Britain's Smith & Nephew Plc as a regulatory restriction barring an offer comes to an end, Bloomberg reported on Monday, citing unnamed sources.
LONDON - FTSE edged lower on Monday, weighed down by a slump in Petrofac after it predicted low net profits, but M&A talk kept it near a two-month high.
LONDON - The Bank of England said on Monday it had appointed accountancy firm Deloitte to conduct a review into an outage of its Real Time Gross Settlements system, which disrupted large payments throughout the country's banking system on Oct. 20.
- Oil and gas services firm Petrofac Ltd's net profit estimate for 2015 fell far short of its goal, wiping out more than 1 billion pounds ($1.56 billion) of its market value.
LONDON - Britain has signed a contract to purchase four more of Lockheed Martin's F-35 Lightning II stealth fighter jets, the Ministry of Defence (MoD) said on Monday.
- A unit of Citigroup Inc must pay a $15 million (10 million pound) fine for not adequately supervising communications among its equity research analysts, clients and the firm's sales and trading staff, Wall Street's industry funded regulator said on Monday.
MOSCOW - Lower oil prices and Western financial sanctions imposed over the Ukraine crisis will cost Russia around $130-140 billion (83-89 billion pounds) a year - equivalent to around 7 percent of its economy - Finance Minister Anton Siluanov said on Monday.