A man walks past an AVIVA logo outside the company's head office in the city of London March 5, 2009. Credit: Reuters/Stephen Hird.
Stryker Corp. (SYK) is examining a bid for $16-billion medical-device manufacturer Smith & Nephew Plc (SN/) as a standstill period that prevents it from making an offer nears its end, people with knowledge of the matter said.
The Bank of England has published terms of reference for a review into a systems outage last month which saw UK borrowers unable to access mortgages.
Applying stress is one way to test strength. At Petrofac , the cracks are just starting to show. Tumbling crude prices, down 30% since June, put pressure on the entire oil-field services sector.
Luxury retailer Fortnum and Mason said full-year profits more than doubled, boosted by growing demand for its hampers and teas. Sales rose by 14%, with profits reaching �3.8m in the year to July.