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Two former pension scheme trustees were handed suspended sentences on Friday for making illegal loans valued at £236,000 ($286,000) from a workplace retirement scheme to a textile industry business, in a prosecution brought by the U.K.'s pensions watchdog.
Sausage casing company Saria said on Friday that its subsidiary is buying Devro, a U.K. manufacturer of collagen products for the food industry, in a £540 million ($653 million) deal advised on by Travers Smith LLP, as it seeks to expand the group.
University workers across the U.K. kicked off the first of three days of strike action on Thursday in their fight for better pay, working conditions and pensions, as other unions take industrial action because of the spiraling cost of living.
Anglo-South African financial services giant Investec said on Thursday that it is kicking off a £350 million ($415 million) share buyback program as it reported increased pre-tax profits on the back of strong revenues and rising interest rates.
The Competition and Markets Authority launched a probe on Tuesday into the proposed merger of two London real estate giants with a combined portfolio worth £5 billion ($5.9 billion), a deal led by Hogan Lovells and Herbert Smith Freehills LLP.