Enbridge in $14bn deal for Dominion gas utilities as US energy mix shifts
Canadian pipeline group to become largest natural gas distribution company in North America
Mergers & Acquisitions
Saudi telecoms group acquires 9.9% interest in Telefónica
STC move on Spanish company marks latest venture by state-owned Gulf groups into Europe
Mergers & Acquisitions
Big Tech faces fresh legal obligations as Brussels lists services bound by new rules
Apple’s AppStore and Google’s YouTube among those that will need to overhaul practices as EU competition law bites
Social Media
Warner Music takes majority stake in label run by son of top rival
Elliot Grainge has criticised major record companies as ‘a conveyor belt’
Mergers & Acquisitions
Meta axes support for news in Europe
Tech group draws ire of media companies after announcing pullback
Social Media, Digital Media
Caledonia/7IM: wealth manager stake sale highlights trust’s yawning discount
Deal premium should reassure investors in Cayzer family’s investment vehicle
Mergers & Acquisitions
Scotland looks to unlock its hydrogen economy
Also in today’s newsletter, the falling cost of renewable energy projects
Renewable energy
Ministers set to relax rules on onshore wind farms in England
Move follows push from some Tory MPs to end de facto ban introduced nearly a decade ago
Renewable energy
FCA vows ‘prompt action’ over refusal of bank services to UK politicians
Move by Britain’s top financial regulator follows controversy around Nigel Farage
Financial & markets regulation
Ontario Teachers’ fund to take majority stake in UK wealth manager 7IM
Canadian pension fund agrees to buy holding from Caledonia Investments for £255mn
Mergers & Acquisitions