Bloomberg The sale by the UK’s billionaire Barclay twins of London’s Ritz Hotel fetched less than 800 million pounds ($997 million), according to a person familiar with the matter who asked not to be identified. Macfarlanes said in a statement that it advised one of its private investor clients on the acquisition of the hotel that opened in London’s Mayfair ...

Bloomberg The UK government is loosening its bankruptcy rules to allow struggling businesses to continue trading if they can’t pay their debts because of the impact of the coronavirus. In another sign of how the pandemic is forcing governments to upend policy, Business Secretary Alok Sharma said the changes would allow British companies being reorganised to access supplies and raw ...

Bloomberg Microsoft Corp.’s agreement to acquire 5G software maker Affirmed Networks Inc. valued the company at about $1.35 billion. Microsoft announced the deal without disclosing financial details. Microsoft already serves telecom customers and struck an agreement with AT&T Inc. last year with the aim of moving more the carrier’s network to its platform. Microsoft has been building its cloud computing ...