FCA Closes Drax Biomass Probe Without Action

The Financial Conduct Authority has closed its investigation into Drax's biomass sustainability claims, finding no evidence to justify further action against the energy company.

Intertek Agrees £9.5bn Takeover by Swedish EQT

London-listed Intertek has accepted a £61.08-a-share bid from Swedish investor EQT, valuing the company at £9.5 billion. The deal adds to concerns about the London market as UK firms are increasingly acquired by foreign buyers.

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