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Best UK mortgage deals of the week

As Bank of England holds interest rates, here's what high street banks are offering home buyers

Iberdrola Bests Enel With Higher Offer for Brazil Utility

Vanessa Dezem
Iberdrola Bests Enel With Higher Offer for Brazil Utility

Iberdrola SA, Spain’s largest power company, raised its bid for Brazilian electricity distributor Eletropaulo SA late Friday, topping an offer made by Italy’s Enel SpA on Thursday. Iberdrola’s Brazilian unit Neoenergia increased its per-share offer to 29.40 reais ($8.61) from 25.51 reais, according to a statement. Enel said Thursday it would boost a promised capital injection to 1.5 billion Brazilian reais from 1 billion to sweeten its 28 reais-a-share offer.

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