UK employers expect to cut staff levels if economy fails to grow

Employers in the UK are holding on to more staff than they need in order to avoid losing skills, a new survey revealed today. More than 1,000 employers were questioned for the latest Chartered Institute of Personnel and Development (CIPD) […]

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Bank of England

Drop in remortgaging as UK homeowners expect rates to fall

UK lenders registered a significant decrease in remortgaging in June, with 23,400 remortgaging loans worth GBP3.1bn advanced during the month, down around 20% compared with the previous month

Istanbul, Turkey

London-listed Standard Chartered cleared to acquire Credit Agricole’s Turkish operation

The Turkish Competition Board has cleared British lender Standard Chartered Plc (LON:STAN) to buy Credit Agricole Yatirim Bankasi Turk AS, a unit of French banking group Credit Agricole

Bank of America

Swiss private bank Julius Baer acquires Merrill Lynch’s wealth management arm

Swiss private banking company Julius Baer Group Ltd (SWX:BAER) on Monday said it had struck a deal to buy Merrill Lynch's international wealth management (IWM) business outside the

EQT is based in Stockholm, Sweden

Sweden’s EQT confirms €220m deal for Austrian UC4

Swedish private equity firm EQT Partners AB announced today that its EQT VI fund had signed a deal to buy Austrian IT process automation software vendor UC4 Software


Ireland’s Elan agrees to spin-off and list bioscience unit

Irish biotechnology company Elan Corporation plc (NYSE:ELN) said today its board of directors had green-lighted a plan to spin off its Discovery Science and Neotope Biosciences divisions into

Gas processing plant

BP agrees to sell its Texas-based gas processing plants for $228m

British oil and gas group BP Plc (LON:BP) said its BP America Production Company unit is selling its midstream gas operations in Texas, comprising the Sunray and Hemphill

Nokia handset

Finnish handset maker Nokia exits its Qt business at a €146m loss

Finnish IT company Digia Oyj (HEL:DIG1V) said it had agreed to a price of around EUR4m (USD4.9m) for the purchase of the Qt software business and technologies of

Austrian flag

Carlyle sells Austrian IT firm UC4 to Sweden’s EQT in €220m deal

Swedish private equity investor EQT Partners has emerged victorious in the heated competition for Austrian-based IT automation solutions provider UC4 Software GmbH, agreeing a EUR220m (USD270m) deal with

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