LONDON (Reuters) - Shares in insurer Aviva (AV.L) fell more than five percent on Monday reflecting uncertainty about the potential benefits of the company's 5.6 billion pound (8.79 billion US dollar) plan to merge with rival Friends Life (FLG.
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.