Anousha Sakoui

The move would bring all the commercial ventures into one entity, with the aim of completing a merger in 2025, the first person added, speaking on condition of anonymity because the matter is private.

DS Smith shares gained as much as 7.9% to 338.1 pence in early Wednesday trade, hitting their highest since January 2022.

Pantelis "Linos" Lekkas, a veteran Citi dealmaker, is to retire from the bank, a Citi spokesperson confirmed on Thursday.

The United Arab Emirates' state-owned oil company recently considered buying Britain's BP but the deliberations did not progress beyond preliminary discussions, people familiar with the matter told Reuters.

The emergence of a possible bid for BP by the United Arab Emirates' state-owned oil group has thrown a spotlight on the vulnerability of the Britain's largest companies to takeover and the threat to London as a global capital markets hub.

The United Arab Emirates’ (UAE) state-owned oil company has considered buying Britain’s BP but the deliberations did not progress beyond preliminary discussions.

The United Arab Emirates’ state-owned oil company recently considered buying Britain’s BP but the deliberations did not progress beyond preliminary discussions, sources familiar with the matter have said.

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