Recent deals and developments

  • Russia ships first gas from $27bn Arctic project— Yamal LNG operation launched in face of western sanctions with aid of Chinese funding

  • BAE Systems signs off £5bn Qatar deal for 24 Typhoon fighters

  • BASF and DEA agree to multibillion oil and gas merger—creating one of Europe’s largest independent oil and gas producers, with a combined revenue of roughly 4.5 Billion Euros

  • Hammerson offers £3.4bn for shopping-centre rival Intu—the proposed merger coinciding with slowdown forecasts for UK retail property

  • Payday lender Curo floats with $620m valuation—cashing in on hopes that Republican administration will ease regulatory restrictions on the sector

  • In a letter to Michael Gove, the environment Secretary, the Chemical Industries Association has urged the UK government to avoid regulatory divergence with the EU so that their firms can remain fully integrated with EU supply chains

  • Avondale Pharmaceuticals raised by the price of Niacor, a form of prescription vitamins, by over 800% last month. This was a so-called “buy-and-raise” deal whereby Avondale pushed up the price of Niacor dramatically after purchasing the rights to the drug in an attempt to profit from the US’s unregulated pharmaceuticals market.