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Shell says it’s not in talks to acquire BP as takeover rumours swirl

BP’s share price jumped on the speculation that it could be acquired by Shell, following a report in the Wall Street Journal.

Business

Italy’s Monte dei Paschi bank gets ECB nod for Mediobanca takeover

Mediobanca has shown its opposition to the takeover bid, launched in January, warning it would weaken its business model.

Business

Nippon Steel finalises US Steel takeover after state opposition

The pursuit by Nippon Steel of the Pittsburgh-based company has hindered by national security concerns

Business

French lender BPCE to buy Portugal's Novo Banco in major merger deal

Novo Banco spun out of the collapsed Banco Espirito Santo (BES) in 2014 after a state bailout. US investor Lone Star, which bought its stake in Novo Banco in 2017, is now offloading it.

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Business

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.

Business

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.

Business

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.

Business

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.

Business

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.

Business

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.

Business

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.

Business

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.

Business

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.

Business

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.

Business

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.

Business

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.

Business

Commerzbank announces share buyback and record earnings

The update comes as the bank is fending off a takeover from Italy’s UniCredit.

Business

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.

Business

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.

Business

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.