All the latest news on deals and dealmaking from around the world

Low-cost gyms flex muscles and bulk up

UK budget gym growth fuelled by cheaper rents


Investment banking league tables
This quarter’s global mergers and acquisitions activity and the deals and dealmakers involved

Big pharma cashes in on M&A fever

Promising signs from companies’ drug development pipelines

Wanda buys controlling stake in 99 Bill

Move part of property group’s ‘online to offline’ diversification strategy

SMFG defends culture of cross-shareholdings

Companies buying each other’s shares ‘good for investors’, it says

Heidelberg sells brick business for $1.4bn

Lone Star buys Hanson building products


illustration of a private bank by Øivind Hovland ©Øivind Hovland

Switzerland, strategies, competition, crisis fallout, technology, emerging markets, recruitment, consolidation

illustration by Nick Lowndes ©Nick Lowndes

Insight into M&A in the technology, media and tele-communications sector

Food the new frontier for Italian luxury

Investors greedy for country’s family-owned food groups

Rockstar sells phone patents in $900m deal

Latest sign of cooling in smartphone wars

Goldman move caps Reubens’ metal aims

Deal to buy warehouses marks dramatic return for brothers

Sika investors try to thwart Saint-Gobain

Activist group campaigning to remove opt-out clause

ITE deal cuts Russia dependence

Exhibitions company buys trade show operator Breakbulk for $42m

Private equity hopes Petsmart marks turn

Buyout firms aim to come off dealmaking sidelines

UBS loses StanChart broking mandate

Emerging markets bank hires BofA for joint role with JPMorgan

Telstra puts A$5bn Asia war chest to work

Australian telecoms group buys Pacnet for US$697m in network push

China railway strategy goes off track

Beijing eyes remerging top two rail groups as they compete abroad

Sky offers pay TV, exclusive movies and sport, but BT's move to acquire the telecoms company EE leaves Sky vulnerable

Sky: All to play for

Broadcaster is facing the toughest competition of its 25-year history

Takeover volumes hit post-crisis highs

Global M&A volumes rise by almost half to top $3.3tn in 2014

Healthcare at heart of robust M&A year

Tax inversion deals fuel highest transaction volumes since crisis

Caesars units combine before bankruptcy

Parent company hopes to ease restructuring by adding assets

American Apparel confirms takeover offer

Approach values struggling US fashion chain at up to $245m

FT Asia-Pacific Innovative Lawyers 2015: private practice submission guidelines

Read the rules on how to enter your submission for Asia-Pacific Innovative Lawyers 2015

Seplat and Afren in talks over oil merger

A deal would create a £1.8bn Nigeria-focused energy group

Spain’s Ferrovial drops Transfield bid

Shares in Australian group sink as takeover talks end

Talk of rebound in mining deals

Private equity could also move to take advantage of cyclical slump

Drugmaker Hikma eyes up acquisitions

Group seeking good targets at a reasonable price

Daisy reverses out of public glare

Northern success story goes private but maintains strategy of borrowing to buy rivals

week in review

Week in Review, December 20

Vice Media, Repsol, Co-op Bank, and BT-EE talks featured

US insists Alstom, not GE, pays penalty

French group had expected GE to pay $700m bribery fine

Next misses out on London equity rally

FTSE 100 enjoys best weekly rally in three years

BAT in deal to settle asbestos dispute

Payout ends tobacco group’s seven-year legal battle with Flintkote

Tesco & Carrefour: no place like home

International divestments should be on the table

Myners calls for digital auction of shares

Tender proposed for shares via an electronic offer system

Aer Lingus rejects bid from IAG

Shares in Irish airline soar amid interest from BA owner

BASF and Gazprom scrap energy asset swap

‘Difficult political environment’ blamed for failure of German-Russian deal

Royal Mail’s red herrings

Lord Myners’ push to shake up IPOs may need a shove

Drax appoints Phil Cox as new chairman

Former International Power chief executive replaces Charles Berry

Oracle on fire after success in the cloud

US stocks bounce back on gains for tech and energy

InterContinental higher on urge to merge

FTSE 100 rose 2 per cent or 129.52 points to 6,466.00

Goldman elevates Murdoch banker to key job

John Waldron promoted to co-head of investment bank

Couche-Tard: marriage of convenience

Dealmaking rules in sector where profit margin is below 5%

The Lloyd's Building (also known as The Inside-Out Building) closeup by night

Catlin bid could catalyse insurance M&A

Premiums in important lines have tumbled