Algae grown on dairy effluent cuts mineral fertiliser use by 25%
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Merger between DHL and Evri probed by UK’s competition watchdog
German firm DHL is looking to expand its reach in the UK by merging its British ecommerce unit with Evri. The CMA will now examine the risks for competition.
Disney to pay almost $439 million to complete Hulu streaming purchase
The deal, hindered by a disagreement over the value of the Hulu stake, now means that Disney will own all of the streaming service.
L’Oréal acquires a majority stake in British skincare brand Medik8
The acquisition is the latest addition to L’Oréal’s skincare portfolio, as the beauty giant seeks to cash in on the dermocosmetics boom.
Mediobanca launches bid for Banca Generali as M&A flurry intensifies
The offer comes as Mediobanca itself is fighting off a hostile takeover bid from smaller rival MPS.
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Belgian insurer Ageas acquires UK’s Esure from Bain Capital for €1.5bn
The deal will create the third largest motor and home insurer in the UK.
France’s Crédit Agricole gains ECB nod to raise stake in Banco BPM
The green light comes as Italian bank UniCredit prepares to launch a buyout offer for Banco BPM, which could be complicated by CA’s stake.
Prada sales soar as it eyes Versace acquisition despite luxury crunch
Robust earnings place the brand in a stronger position to acquire Versace from Capri Holdings.
Shares soar in Just Eat Takeaway.com as Prosus announces acquisition
Prosus already holds stakes in food delivery operations in India, South America, and Southeast Asia.
Italy’s UniCredit beats profit estimate as it continues takeover drive
The bank reported higher-than-expected profit but forecasts a modest revenue slowdown in the year ahead as net interest income falls.
Sabadell Bank raises shareholder payout promise as BBVA eyes takeover
The Spanish lender aims to offer shareholders €3.3 billion, including more than €1bn in buybacks this year.
Vodafone EU chief: Telecoms barriers can't just be blamed on Brussels
The EU is failing to support large telecoms firms, says one of Vodafone's senior directors, adding that Brussels isn't the prime target for blame.
UniCredit dives in to take minority stake of Italian insurance group
UniCredit has been involved recently in a flurry of dealmaking activity, including a bid for Banco BPM and a raised stake in Commerzbank.
Commerzbank announces share buyback and record earnings
The update comes as the bank is fending off a takeover from Italy’s UniCredit.
Italy’s oldest bank makes multi-billion takeover bid for Mediobanca
The deal could potentially help both Monte dei Paschi and Mediobanca maintain a robust capital position, as well as deliver profits.
IAG emerges as major contender for stake in Portuguese airline TAP
A number of aviation firms, including Lufthansa and Air France-KLM, have also shown interest in the Portuguese carrier but BA owner, IAG, is widely viewed by analysts as the frontrunner.
Sabadell considers move back to Catalonia as BBVA takeover bid looms
The bank did not give a reason for the potential relocation, although it has previously stressed its importance to the Catalan economy.
Getty Images announces merger with rival content firm Shutterstock
The union of the two major content firms comes as artificial intelligence is shaking up the image market.
US Steel and Nippon file lawsuit after Biden blocks merger deal
The firms accuse the Biden administration of blocking the merger for "purely political reasons".
Banking mergers are hot - but cross-border deals still face hurdles
High interest rates have allowed banks to build cash reserves for takeovers, although national concerns could be hindering pan-European deals.
Nissan's shares soar on news of potential tie-up with Honda
Japanese car makers Nissan and Honda have confirmed they are in discussion about closer collaboration but denied reports they are to merge.