Europe

Headlines

Cyber threat to professionals at all time high

Professional firms, particularly those handling money for mortgage lenders, are increasingly at risk of high-level cyber-attacks, according to leading experts in the field of law, finance and mortgage lending. Speaking at the Mortgage Tech UK conference yesterday morning (27th June) Georgina Squire, Partner at solicitors Rosling King, warned professionals...

Drooms continues to expand into new markets

European market leader for virtual data rooms continues to grow its business abroadCorporate finance and M&A team subject to international expansion Drooms, the leading provider of Virtual Data Rooms in Europe, is steam rolling ahead with its plans to continue expanding. Chris Beckmann (54) and Martin Alamri (42) joined the company in spring this year,...

British brand values take Brexit beating

Britain’s most valuable brands decline by an average of 6%Devaluation of the pound in the wake of Brexit is the primary causeSudden loss of value exposes iconic brands to foreign takeoversShell, Britain’s most valuable brand, has weathered the trend and is up 16%Lynx is Britain’s fastest growing brand after ditching ‘The Lynx Effect’ branding Every...

Hugh Dorins to lead SIA Group Property Services Division

SIA Group is uniquely placed to offer Asset Based Lenders, Financial Sponsors and Restructuring Practitioners a fully independent, in-house, multi-asset, turn key solution.    Leading independent asset valuation, advisory and disposal business, SIA Group, has appointed Hugh Dorins to lead its new Property Services Division, which will...

SIA Group opens Southampton office

SIA Group, a leading asset valuation, asset advisory and asset disposal business has announced the opening of a Southampton office further expanding its operations across the UK. The office located at Enterprise House, Ocean Village, Southampton SO14 3XB will be staffed by an initial four strong local team of asset valuation,advisory and disposal...

Legal

​Lamont Pridmore warn high earners about HMRC raids

Higher rate taxpayers have been warned by leading Cumbrian accountants Lamont Pridmore to be vigilant over their tax affairs.The warning comes after new data from HM Revenue & Customs (HMRC) shows that its Affluent Unit took an additional £438 million pounds of high earners.Off the back of this success the Unit, which investigates the tax affairs of...

A Legal Perspective on the Government’s Brexit White Paper

Following pressure from sections of Parliament and the public, Theresa May’s government has published a 77-page white paper document to set out a strategy for leaving the EU. But what does it add to what we already know? Stephen Chater, a solicitor at Postlethwate Solicitors, member firm of the UK200Group, explains.The UK200Group is the UK’s leading...

​32% law firms see private equity as a principal source of external funding

With growing competition from niche firms, law practices are actively seeking targeted acquisitions to scale-up in chosen disciplines.  32% see private equity as a principal source of external funding. Niche law firms seen as greatest source of competition. 59% of firms report a rise in competitive pressure. There is a sharp increase...

​Shoosmiths continues South East expansion with partner hires

National law firm Shoosmiths has further strengthened its corporate team with the appointment of two new partners into the South East offices.Amit Nayyar joins Shoosmiths from Hogan Lovells where he was a leading corporate partner. Previous to this, Amit has held positions at White & Case and Pinsent Masons. Based out of Shoosmiths’ Milton Keynes...

Proskauer, Loeb & Loeb, Cooley Bring NHL to Las Vegas

Ice hockey in the desert might have somewhat of a checkered history in the National Hockey League, but three Am Law 200 firms are advising on a $500 million deal announced late Wednesday to bring a professional hockey franchise to Sin City. Read More

Deals

What FMCG firms need to know before heading into M&A deals

McCormick buys Reckitt Benckiser's for more than £3bn Earlier this month, Schwartz spices manufacturer McCormick snapped up Reckitt Benckiser’s food business in a deal worth £3.2 billion, a year after its failed takeover of Premier Foods. This acquisition makes McCormick the third largest condiments company in the world, and also makes two of its...

ResponseSource acquires JournoRequests

Media request startup JournoRequests has joined the ResponseSource family of services for PR professionals following its acquisition by the company.JournoRequests will complement ResponseSource's market-leading Journalist Enquiry Service which is forecast to distribute over 31,000 requests from UK journalists this year.ResponseSource...

​Consortium announces investment in Thames Water

Borealis Infrastructure (“Borealis”), the infrastructure investment manager of OMERS, and Wren House Infrastructure Management Limited (“Wren House”), the infrastructure investing arm of the Kuwait Investment Authority, (each a “Consortium Member” and collectively the “Consortium”), are pleased to announce that they have agreed to acquire...

​Aquila Capital expands Nordic portfolio with acquisition of wind project in Finland

Aquila Capital is expanding its portfolio in the Nordics with the acquisition of its first project in Finland, a wind farm with an installed capacity of 14.4 MW on the coast near Kokkola.The Windpark Ykspihlaja includes four Nordex N131/3600 turbines and is in one of Finland’s most favorable locations with an average wind speed of 7.7 meters/second....

New ONS M&A report shows increase international deals in the UK hit record levels

Livingstone has just released its 2014-2016 Global M&A deals Tracker (attached) which breaks down the volume of international M&A deals. Stats include the following;Chinese acquisitions of UK companies increased by 215% in the period 2014-2016, although they account for only one in 20 international acquisitions in the UK marketplace;US investors remain...

Acq Lite

Woman tries to cash in $3,000 lottery ticket, actually gets $30,000

Aug. 18 (UPI) -- An Iowa woman's attempt to cash in a winning lottery ticket for $3,000 failed for an unexpected reason -- her prize was actually $30,000.Allison Pope, 23, of Mason City, said she scratched off her Bonus Crossword ticket from the Iowa State Lottery and was excited to see that she had won some money."I went home and I was scratching off...

Doctors remove live gecko that climbed into man's ear canal

Aug. 18 (UPI) -- A man who woke up with severe pain in his ear went to a hospital, where doctors removed a live gecko that crawled inside.A video recorded Tuesday at a hospital in Guangzhou, Guangdong Province, shows doctors showing off the still-living gecko after it was removed from a patient's ear.Doctors said the man came into the hospital complaining...

Bed and breakfast helps chickens cross street with high visibility vests

Aug. 18 (UPI) -- A bed and breakfast in Scotland fitted a group of chickens with high-visibility vests to help them cross a local road.Glenshieling House shared video Friday of a pair of chickens wearing the bright pink vests as they strolled across the rainy street.Louise Lennox, owner of the Perthsire bed and breakfast, told STV she has 14 hens and...

Man uses dowel to operate broken windshield wipers

Aug. 18 (UPI) -- Police in China shared video of a driver's ingenious-but-illegal solution to driving in the rain when his windshield wiper wouldn't work.The video, captured Sunday in Chongqing, shows the car driving in poor visibility with the driver holding his hand out the window.As the filming police car passes, it becomes clear the man is holding...

Bear lounges in koi pond, eats plants, leaves fish alone

Aug. 18 (UPI) -- A Montana woman captured video of a bear taking a dip in her backyard koi pond and snacking on her plants.Cynthia St. Charles posted a video to Facebook showing the bear lounging in the koi pond behind her Lockwood home and scooping the floating greens into its mouth."This damn bear got into my backyard koi pond / waterfall and wreaked...