BARCLAYS SAYS AU REVOIR TO FRENCH UNIT
Barclays has completed the sale of its French retail and wealth and investment management operations to AnaCap Financial Partners as it continues to offload non-core businesses. The sale includes a network of 74 retail branches, a life insurance business, wealth and investment management and brokerage operations. All employees of the French retail and wealth and investment management business will become part of AnaCap's portfolio of companies. Barclays boss Jes Staley said the deal "marks the sale of Barclays' last retail banking operation in Continental Europe".
MICRO FOCUS COMPLETES HPE DEAL
British technology company Micro Focus International has completed the acquisition of the software arm of Hewlett Packard Enterprise (HPE) in an 8.8 billion US dollars (£6.8 billion) deal. The combined entity will have annual revenues of 4.5 billion US dollars (£3.4 billion), creating the biggest UK technology firm listed on London Stock Exchange. The deal includes Autonomy Corp, which HPE acquired for 11 billion US dollars in 2011, before writing off three-quarters of its value.