The London tower known as the Gherkin is being bought by the Safra Group, the banking empire controlled by billionaire Joseph Safra. Photo: PA

The London tower known as the Gherkin is being bought by the Safra Group, the banking empire controlled by billionaire Joseph Safra. The price is abo(...)

Bulmers/Magners cider maker  C&C is mulling a near €1 billion bid for the Spirit Pub Company in Britain. Photograph: Bryan O’Brien

C&C, the Bulmers/Magners cider maker that is mulling a near €1 billion bid for the Spirit Pub Company in Britain, is rumoured to be considering (...)

Chiquita’s board still recommends a tie-up with Fyffes

The board of Chiquita said a takeover bid by Brazilian juice maker Grupo Cutrale and investment firm Safra Group was “inadequate,” and again recommend(...)

Chiquita and Fyffes, which compete with Fresh Del Monte and Hawaii-founded Dole Food Company, offered concessions to the Commission last week. Photographer: Simon Dawson/Bloomberg

Fyffes and US fruit producer Chiquita are set to secure conditional EU approval for their $526 million tie-up to create the world’s largest banana pro(...)

National benchmark indexes rose in 16 of the 18 western European markets, with Germany’s Dax jumping 1.4 per cent and France’s Cac 40 adding 0.8 per cent.

Markets reacted well to the Fed’s Wednesday indication that US interest rates would probably be stable for the time being while, closer to home, growi(...)

According to Fyffes, the choice for Chiquita shareholders is to either sell now for $13 a share or vote for a merger with an “illustrative value in excess of $21 per share in 2016”. Photograph: Simon Dawson/Bloomberg

With a rival offer now a potential banana skin for the merger of Irish fruit producer Fyffes and US rival Chiquita, the two companies have been busy t(...)

US Federal Reserve chairwoman Janet Yellen addresses a Senate banking committee hearing in Washington, DC, yesterday. She told lawmakers the central bank must press on with monetary stimulus as “significant slack” remained in labour markets and inflation was still below the Fed’s goal. Photograph: Andrew Harrer/Bloomberg

US stock markets rose yesterday, adding to earlier gains as investors bet that the US Federal Reserve would not adjust guidance about how soon it w(...)

Fyffes and US fruit producer Chiquita have offered concessions to European Union regulators to allay concerns that their proposed $526 million tie-up (...)

M&A activity in Ireland is at its strongest since 2008 with 42 deals announced during the first half of the year, according to new figures compile(...)

Fyffes warned that a protracted process in relation to its proposed merger with Chiquita  “is not in the interests of Fyffes business and shareholders”. Photograph: Simon Dawson/Bloomberg

When the news came it was hardly a surprise – though it was clearly still unwelcome for all that.Fyffes has allowed Chiquita to back away from a share(...)