Thursday 10 July 2014
 
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London

US drugmaker AbbVie offers $51bn for Shire

US drugmaker AbbVie raised its offer for London-listed hyperactivity and rare diseases specialist Shire to 30.1 billion pounds ($51.3 billion) on Tuesday, hoping to win over its reluctant target after three earlier offers were rejected.

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Dubai's Shelf Drilling cancels London IPO

Dubai-based oil rig supplier Shelf Drilling has cancelled its London initial public offer of shares in an unsurprising move given the lack of any messaging on subscription levels or price guidance during bookbuilding. "This d

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Baggage chaos at London’s Heathrow airport

London's Heathrow Airport is working to reunite thousands of bags with their owners after computer failures at its flagship terminal, plunging its new chief executive straight into firefighting mode. The baggage system went do

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Baggage chaos at London’s Heathrow airport

London's Heathrow Airport is working to reunite thousands of bags with their owners after computer failures at its flagship terminal, plunging its new chief executive straight into firefighting mode. The baggage system went do

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Dubai's luxury chocolate brand enters UK

Dubai-based luxury chocolate and confectionery brand Delice is set to enter the European market with the launch of its Mediterranean inspired collection at the Harrods’ London. Delice has confirmed that the London-based luxu

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QInvest named ‘Best Sukuk Structuring House’

QInvest, a leading investment bank in Qatar, has won the ‘Best Sukuk Structuring House in the Middle East’ award at a summit in London.   The awards, which was part of the London Sukuk Summit 2014 hel

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Oil steadies around $113 as Iraq supply worries ease

Brent crude oil steadied around $113 a barrel on Friday, consolidating after one of its biggest weekly falls this year as investors unwound positions on reduced concerns over exports from strife-torn Iraq. Prices have dropped near

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Britain's first Islamic bond draws bumper demand

Britain became the first Western country to sell an Islamic bond on Wednesday, drawing orders of more than 2 billion pounds ($3.39 billion) - over 10 times the planned issue amount. The five-year sukuk issue, intended to raise 200

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Taxi drivers in Europe protest against car-hire app

Commuters in London, Berlin, Paris and Madrid faced a day of traffic chaos on Wednesday as taxi drivers mounted one of the biggest protests against the threat of Uber, a US car service which allows people to summon rides at the touch of a button

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London to host first 'Arab Film and TV Awards'

The first-ever 'Arab Film and TV Awards' (AFTVA), aimed at honouring the emerging film and TV making talent in the Middle East, will be held in London next year. AFTVA has been created to help promote, support and develop

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