Red letter day

The postal service may have have grabbed its fair share of headlines last week, as Royal Mail’s stock market debut became engulfed in a right royal pickle over pricing. However, it’s not the only great British institution that has been busy shape-shifting over the past couple of months.

Our round-up of deals in September highlights how the month was punctuated by great British businesses making big decisions. Take Lloyds Bank for starters. Slaughter and May and Freshfields took lead roles on the bank’s sale of a 6 per cent stake to raise £3.2bn in the first stages of its re-privatisation.

Not to be outdone, Allen & Overy and Clifford Chance made a splash in the food and beverage space, advising on GlaxoSmithKline’s £1.35bn sale of British drinks brands Ribena and Lucozade to Japanese consumer goods company Suntory Beverage and Food Ltd.

BT also made an impact on the deals landscape by hiring CMS Cameron McKenna to advise on its plans for the UK’s tallest brick clad building in London’s upcoming Nine Elms development.

As companies including Poundland, House of Fraser and Just-Eat are also supposedly teeing up to go public, it looks set to be a busy winter for some of our best-loved brands.

For more, see last month’s deals round-up.


Company – DLA Piper: Cause for distress? The remedy of distress is being abolished from 6 April 2014
Banking – Taylor Wessing: Changes to conduct of business and risk management requirements
Financial services – DLA Piper: The Financial Report — Volume 2, No. 18
Company – Appleby: Guide to registration of banks in Guernsey
Employment – Goodman Derrick: Zero-hours contracts — what’s the controversy?