LONDON (Reuters) – Japanese ad giant Dentsu (4324.T: Quote, Profile, Research) is buying marketing group Aegis (AEGS.L: Quote, Profile, Research) for 3.2 billion pounds, the biggest deal in its history as it seeks to expand outside its home market with the British firm’s European and digital business.

Dentsu said it had agreed to pay 240 pence for each Aegis share, a 48 percent premium to the closing price on Wednesday, sending shares in the target group up 45 percent to 235 pence.

LONDON (Reuters) – Japanese ad giant Dentsu is buying marketing group Aegis for 3.2 billion pounds ($5 billion), the biggest deal in its history as it seeks to expand outside its home market with the British firm’s European and digital business.

Dentsu said it had agreed to pay 240 pence for each Aegis share, a 48 percent premium to the closing price on Wednesday, sending shares in the target group up 45 percent to 235 pence.

LONDON, July 12 (Reuters) – Japanese ad giant Dentsu
is buying marketing group Aegis for 3.2
billion pounds ($5 billion), the biggest deal in its history as
it seeks to expand outside its home market with the British
firm’s European and digital business.

Dentsu said it had agreed to pay 240 pence for each Aegis
share, a 48 percent premium to the closing price on Wednesday,
sending shares in the target group up 45 percent to 235 pence.

LONDON (Reuters) – British telecoms group BT said its pay-TV offering had become a credible player with consumers and rivals following its surprise acquisition of English soccer rights, five years after launch and following years of groupwide cost cuts.

While few groups have succeeded in taking on BSkyB, Britain’s dominant pay-TV provider, the head of BT’s TV service said winning 38 live matches per season would bring more customers to its fledgling TV base and, crucially, also to its new faster BT Infinity broadband offering.

LONDON (Reuters) – Bob Diamond, the former chief executive of Barclays, has given up bonuses worth up to 20 million pounds ($30 million) following his resignation over an interest rate-rigging scandal, the bank’s chairman told a parliamentary inquiry on Tuesday.

Marcus Agius, the man at the top of Barclays when its traders manipulated a global benchmark interest rate, appeared before a hostile panel of lawmakers as part of its investigation into a row that has caused widespread public anger and which threatens to draw in a dozen more global banks.

LONDON, July 10 (Reuters) – Bob Diamond, the former chief
executive of Barclays, has given up bonuses worth up to 20
million pounds ($30 million) following his resignation over an
interest rate-rigging scandal, the bank’s chairman told a
parliamentary inquiry on Tuesday.

Marcus Agius, the man at the top of Barclays when
its traders manipulated a global benchmark interest rate,
appeared before a hostile panel of lawmakers as part of its
investigation into a row that has caused widespread public anger
and which threatens to draw in a dozen more global banks.

LONDON (Reuters) – British engineering group GKN Plc (GKN.L: Quote, Profile, Research) agreed the 633 million pounds purchase of Volvo AB’s (VOLVb.ST: Quote, Profile, Research) aerospace division, expanding its presence in the fast-growing civil aircraft sector and helping send its shares sharply higher.

Confirming a deal which sources with knowledge of the matter had told Reuters would be agreed this month, GKN said it had sought to grow in a sector which is forecast to almost double in size over the next 20 years.

LONDON (Reuters) – British engineering group GKN Plc (GKN.L: Quote, Profile, Research, Stock Buzz) agreed the 633 million pounds ($986 million) purchase of Volvo AB’s (VOLVb.ST: Quote, Profile, Research, Stock Buzz) aerospace division, expanding its presence in the fast-growing civil aircraft sector and helping send its shares sharply higher.

Confirming a deal which sources with knowledge of the matter had told Reuters would be agreed this month, GKN said it had sought to grow in a sector which is forecast to almost double in size over the next 20 years.

LONDON (Reuters) – Barclays chief executive Bob Diamond suddenly quit on Tuesday over an interest rate-rigging scandal that threatens to drag in a dozen more major lenders but suggested the Bank of England had encouraged his bank to manipulate the figures.

“The external pressure placed on Barclays has reached a level that risks damaging the franchise – I cannot let that happen,” said Diamond, 60. The terms of his severance were not announced, though Sky News said the bank would ask Diamond to forfeit almost 20 million pounds ($30 million) in bonuses.

LONDON (Reuters) – Barclays Plc(BARC.L: Quote, Profile, Research) Chief Executive Bob Diamond quit with immediate effect on Tuesday, the highest-profile casualty of an interest rate-rigging scandal that spans more than a dozen major banks across the world.

Outgoing chairman Marcus Agius will lead the search for a new CEO for Britain’s third-largest bank, despite having announced his own imminent departure a day earlier, declaring that “the buck stops with me” after Barclays was fined nearly half a billion dollars.