Latest News

Mitie agrees to £3.1bn takeover offer from OCS


By Dan McGrath

Mitie Group has agreed to a £3.1bn acquisition offer from the private-equity owned facilities management firm, OCS, becoming the latest London-listed firm to be acquired in 2026


Story 2

CMA begins review of McCormick's $44.8bn Unilever Foods deal

The Competition and Markets Authority (CMA) has opened the first stage of its review into McCormick & Company's proposed $44.8bn acquisition of Unilever's Foods business, inviting comments from interested parties

Story 3

Frasers crosses Hugo Boss share threshold as takeover bid advances

Frasers has increased its stake in Hugo Boss to 30.28%, exceeding the mandatory bid threshold under the German takeover code as its £1.7bn takeover offer for the luxury fashion group continues

Story 4

Wickes reiterates guidance in Q2 update

Wickes has stated that it remains comfortable with its profit expectations, which is set to reach £554m with a range of £52.8m to £58m

Story 5

ABB agrees £4.1bn takeover of Rotork

Swiss engineering group ABB has agreed a £4.1bn takeover of UK-listed Rotork, with yet another UK firm set to leave the London Stock Exchange (LSE).

The recommended £5.06 per share offer comprises £5.03 in cash plus a permitted dividend of up to three pence per share, representing a 73% premium to Rotork's closing share price on 15 July and valuing the Bath-based engineering company at approximately £4.14bn

Story 6

Segro rejects latest £13.5bn bid from Prologis

Segro has rejected Prologis’ third acquisition bid valued at £13.5bn, stating that its "standalone prospects underpin superior value creation" against the latest proposal

Story 7

UK firms embrace AI but deeper adoption remains limited

The proportion of British businesses with ten or more employees using artificial intelligence has almost tripled in the last few years, but adoption of the technology has been "relatively shallow", with little evidence yet of widespread headcount reductions, a new report from the Office for National Statistics (ONS) has found

Story 8

Craneware shares slide after cyberattack

Craneware shares fell as much as 8.9% after the AIM-listed healthcare software company disclosed a cyberattack that resulted in employee data and a subset of customer and partner records being accessed and exfiltrated

Story 9

Burberry sales rise but Middle East weakness hits shares

Burberry delivered stronger-than-expected first-quarter trading, with comparable retail sales rising 5% year-on-year and retail revenue increasing 5% to £455m, but the Middle East dragged down the numbers

Story 10

System1 continues to reject Brave Bison's advances

System1 has announced an "unequivocal rejection" of Brave Bison's revised takeover approach, arguing the £43.1m proposal materially undervalues the business

Alumasc shares tumble as CEO suspended

Shares in Alumasc dropped by over 13% earlier today after the sustainable building products firm suspended its CEO, Pamela Bingham, pending an investigation into matters relating to her professional conduct
Ocado shares plummet after 'messy' results as investors look past one-off gains

Ocado shares fell around 19% to a 13-year low after investors looked beyond a £354m one-off accounting boost to what was viewed as a complicated set of half-year results
Wise revenue jumps 25% in Q1

Wise has recorded a 25% year-on-year revenue increase in Q1, reaching $714m


View More News

BANNER

BANNER

FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Tick here to confirm you are happy to receive news and promotions sent by Corporate Finance News that you can opt out of at any time.


© 2019 Perspective Publishing     Privacy & Cookies