THB/PWS saga has happy ending as PB rounds up the last week

It has been rather difficult to ascertain the biggest story of the last seven days, writes Charlie Thomas, reporter at Professional Broking in our latest PB Week. First, the London Stock Exchange and FTSE 100 have performed a fine impression of a yo-yo in recent days with the threat of a US recession.

One industry wit commented that while European markets began to panic, Denmark’s Carlsberg brewery remained comfortably in the black and that perhaps the solution was to have a drink to steady the nerves.

Second, the fact one of the world’s largest brokers is rumoured to be buying one of its biggest rivals has set many tongues wagging. Why is Willis, which is worth $5.3bn (£2.6bn), looking to buy its larger rival Marsh McLennan, which has a stock market value of around $14.3bn (£7.1bn)? More