M&A
IWG tumbles as talks called off, profits fall 33%
IWG has called off the months-long talks with three suitors, Starwood, Terra Firma and TDR, as the serviced office company's directors believe none of them "capable" of buying the business for a price they could recommend to shareholders.
John Laing Infra agrees to £1.4bn takoever by consortium
John Laing Infrastructure Fund said it had agreed to a takeover by a consortium of funds for £1. 4bn.
Action Hotels receives 24p a share offer from largest shareholder
AIM-listed Action Hotels said agreement had been reached with Action Group, its largest shareholder, on a takeover.
IAG operating profit ascends, still interested in Norwegian
International Consolidated Airlines Group reporting a strong increase in profits at the half-year stage, but not enough to satisfy demanding investors.
Intertek buys US-based Alchemy for $480m
Product testing company Intertek on Friday said it was buying US-based software provider Alchemy for $480m (£368. 8m) in cash.
Euromoney pays $18m for Random acquisition
Business information and events group Euromoney Institutional Investor on Thursday acquired wood products price reporting agency Random Lengths for $18m in cash.
Kaz Minerals to buy Russia copper, gold project for $900m
KAZ Minerals on Thursday said it had agreed to acquire the Baimskaya copper project in the Chukotka region of Russia for $900m (£687m) in cash and shares.
Cenkos agrees to absorb Smith and Williamson business into corporate finance unit
Independent securities firm Cenkos has entered into an agreement with Smith and Williamson to acquire its nominated adviser and corporate broker business unit.