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Segro rejects £12.6bn Prologis takeover approach


By Goran Nastic

Segro has rejected a £12.6bn takeover proposal from US logistics property giant Prologis, dismissing the all-share approach as opportunistic and undervaluing the business.

Prologis revealed it submitted an indicative proposal on 16 June to acquire the entire issued and to be issued share capital of the FTSE 100 warehouse and industrial property group, which is Europe’s largest warehouse landlord


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Pharos and Ratio agree takeover terms to scale future growth

Pharos Energy has agreed a recommended acquisition by Israel-based Ratio Petroleum Energy in a deal that values the London-listed oil and gas producer at £124.3m

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THG trades in line with expectations

THG has reported a strong start to its current financial year, stating that its full year revenue and earnings are expected to land in line with expectations

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Telecom Plus shares fall 30% on five-year growth plan

Telecom Plus, which trades as Utility Warehouse, has unveiled a five-year strategy aimed at more than doubling its multi-service customer base to over one million by FY31, supported by a significant investment programme that has spooked shareholders.

The company, best known as the UK’s only multi-utility service provider, bundling energy, broadband, mobile and insurance into a single monthly bill, plans to invest around £55m annually through the profit and loss account to achieve its target

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B&M announces new CFO

B&M has appointed Atheeq Akbar as its new CFO, with effect from February 2027

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Ramsdens agrees to £203m takeover from FirstCash

Ramsdens has agreed to a £203m acquisition offer from the US pawn store operator, FirstCash

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Severfield losses deepen amid pricing pressure and project delays

Steel maker Severfield reported a wider annual loss and withheld its dividend after competitive pricing, delays to project awards and weaker activity across parts of its core markets weighed on profitability

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Filtronic shares drop following positive trading update

Shares in Filtronic dropped by over 11% despite the group announcing a second contract win, worth £400,000, with a pre-existing US-based customer

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Starmer announces resignation as PM and Labour Party leader

Keir Starmer has announced his resignation as PM and leader of the Labour Party.

He said every decision he has made in office has been about "putting the country I love first"

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Castlelake not giving up on easyJet with new £4.7bn offer

Castlelake continues to circle around easyJet, taking its latest offer directly to shareholders after the airline's board rejected a third bid valuing the company at £4.7bn.

"Following the rejection of three proposals by the easyJet Board, and given its unwillingness to engage meaningfully, Castlelake is announcing this third proposal to enable easyJet shareholders to consider its merits and provide their views on the third proposal to the easyJet Board," Castlelake said in a statement

Babcock shares drop as it reaffirms mid-term guidance

Babcock International has seen its share price fall by over 5% after it reiterated its medium-term guidance in its full-year results
eEnergy shares plunge following guidance downgrade

Energy solutions provider eEnergy Group has seen shares tumble by almost 40% after the company downgraded its financial guidance for FY2026 when a review of its sales pipeline found previously expected opportunities had been overstated
Asda FY25 losses near £1bn

Asda’s losses widened sharply in 2025 as aggressive price reductions, restructuring costs and falling sales pushed the supermarket deeper into the red during the early stages of its turnaround plan.

The UK’s third-largest supermarket reported a pre-tax loss of £989m for the year, up 65% from a £599m loss in 2024 and one of the company’s largest annual losses in recent history


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