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SpaceX aiming for the stars with record IPO


By Goran Nastic

SpaceX has confirmed that it aims to raise between $75bn and $85.7bn through what would be the largest initial public offering in history, valuing the space technology company at around $1.8trn. UK retail investors will be able to participate in the IPO allocation before trading begins.

According to its latest filing, the company intends to offer 555.6 million shares at $135 each, representing around 4.2% of the total share capital


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Debenhams returns to growth in Q1

Debenhams Group has announced that it has returned to growth in the first quarter of its financial year, with group gross merchandise value (GMV) increasing by 0.5% year-on-year.

The fashion group, which recently rebranded from Boohoo Group, said that its trading in May was “particularly strong”, with GMV growth of around 8%

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Shares jump for B&M as turnaround plan progresses

B&M saw its shares jump nearly 16% today after reporting FY26 results that pointed to early progress in its turnaround strategy, despite a sharp fall in profits during the year

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CMC Markets bullish on outlook after big profit jump

CMC Markets has reported a strong set of annual results, with FY26 profit before tax rising 20% to £101.3m and net operating income increasing 15% to a record £392.6m outside the exceptional trading conditions seen during the pandemic

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Gateley shares drop despite exceeding revenue expectations

Shares in Gateley has fallen by over 12%, despite the professional services group announcing that it expects its full year revenue to land ahead of expectations

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Howdens to acquire DIY Kitchens for £390m

Howdens has agreed to acquire DIY Kitchens for an enterprise value of £390m on a cash and debt-free basis

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Tritax Big Box sells £199m logistics portfolio with an eye on data centres

Tritax Big Box REIT has completed the sale of six logistics assets to EQT Real Estate for £199m as part of its strategy to recycle capital into higher-returning logistics developments and data centre projects

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easyJet shares jump on Castlelake takeover interest

Budget airline easyJet has confirmed that private investment firm Castlelake is considering a potential takeover offer, prompting a sharp rise in the company's share price and fuelling speculation over another possible departure from the London stock market

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BAT shares drop following lower cigarette volume guidance

British American Tobacco (BAT) has seen its share price drop by 3% after it stated that its global cigarette industry volume is expected to be down by 2.5% in the full year, after previously setting guidance at 2%

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GB Group reports statutory loss following impairment charge

GB Group has reported a loss before tax of £74.5m in the year to 31 March, following a non-cash impairment charge of £73.1m

Hartwells pension scheme completes £160m buy-in with Just

The Hartwells Pension Plan (1971) has completed a £160m full-scheme buy-in with Just Group, securing the benefits of 1,689 pensioners and 672 deferred members
Drax to acquire Bluefield Solar for £548m

Drax has agreed to acquire renewable infrastructure investor Bluefield Solar Income Fund (BSIF) in a recommended all-cash deal valued at approximately £548m, making it one of the largest acquisitions in the energy group's history
Central Asia Metals to acquire Cygnus Metals

London-based Central Asia Metals (CAML) has agreed to acquire Cygnus Metals in an all-share deal valued at approximately £123m, adding the Chibougamau copper-gold project in Québec to its portfolio and significantly expanding its exposure to copper and North America
Anglian Water completes £500m funding commitment

Anglian Water has completed its £500m shareholder equity injection programme after receiving the final £200m tranche, fulfilling the commitment first announced in 2025.

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