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Frasers makes £1.7bn acquisition bid for Hugo Boss


By Dan McGrath

Frasers Group has launched a £1.7bn acquisition bid to acquire the remaining shares in its key brand partner, Hugo Boss, with a cash offer of €38 per share.

Under the voluntary public takeover offer, the British group will acquire all of the non-par value registered shares in the German firm which it does not already hold, corresponding to approximately 73.94% of the share capital


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Halma shares drop despite record revenue and earnings

Halma has recorded an almost 16% drop in its share price, despite posting record revenues and adjusted earnings in the year to 31 March

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CMA launches investigation into Ryanair’s family seating charges

The Competition and Markets Authority (CMA) has launched an investigation into Ryanair, examining the charge it places on parents and guardians to sit with their children on flights

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WH Smith shares drop as it announces capital raise

Shares in WH Smith have plummeted by over 16% after the travel retailer announced a proposed £100m share capital raise.

The firm said that it has placed the raise after experiencing a turndown in trading conditions as a result of the Middle East conflict, which has impacted airline passenger numbers

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Pennon returns to profit in FY26

Pennon has announced that it has returned to an underlying profit before tax of £135.1m in the year to 31 March, after posting a loss of £35.1m in the previous year

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Forterra CFO to step down

Forterra’s CFO, Ben Guyatt, has announced that he is to step down from the role later this year

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Thames Water set to pay £749m in new creditor deal

Thames Water will have to stump up £749m if a rescue deal, that would give control of the firm to senior creditors, is approved

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GSK agrees to £8bn acquisition of US cancer treatment firm

GSK has announced that it has entered an agreement to acquire the US biopharmaceutical company, Nuvalent, for £8bn

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Investors raise a glass following Fever-Tree’s latest trading update

Shares in Fever-Tree have increased by over 5% after the drinks company reiterated its guidance for the current financial year in its latest AGM update

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Bellway shares increase despite Middle East uncertainty

Bellway has seen its share price increase by over 2% following the publication of its latest trading update, despite citing uncertainty in its outlook due to the Middle East conflict

Tate & Lyle agrees to £2.7bn takeover offer from US firm

Tate & Lyle has announced that it has agreed to an acquisition offer from the US food and ingredients provider, Ingredion, valued at £2.7bn.

The overall offer of £6.15 per Tate & Lyle share represents a 58.7% premium on the FTSE 250 food and beverage supplier’s closing share price on 13 May
Audioboom shares fall as it goes it alone following strategic review

Shares in Audioboom have dropped by over 12% after it announced that it is no longer in an offer period following a strategic review
MJ Gleeson issues profit warning as it delays land sale

MJ Gleeson has said that its adjusted group profit before tax for the current financial year is expected to be £7.5m lower than expected as it delays the sale of one of its sites
Debenhams agrees new licensing partnership with Revolution Beauty

Revolution Beauty has agreed to a new licensing partnership with Debenhams Group to develop beauty and fragrance products

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