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


By Dan McGrath

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


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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

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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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Evoke agrees to £243m takeover offer from Bally’s Intralot

Evoke has announced that it has agreed to a £243m all-share takeover offer from the Greek gambling firm, Bally’s Intralot.

The offer represents a 77% premium on Evoke’s volume-weighted share price of 29.4 pence over the three-month period ending 17 April, which is the last business day before Evoke’s statement regarding the media speculation in respect of the acquisition

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SpaceX aiming for the stars with record IPO

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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Raspberry Pi raises outlook with demand offsetting memory cost pressures

Cambridge-based computing company Raspberry Pi has upgraded its full-year earnings outlook after reporting strong trading in the first half of FY26, driven by rising sales volumes, favourable product mix and the benefit of lower-cost memory inventory secured last year

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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

Revolution Beauty shares rise following FCA investigation closure

Shares in Revolution Beauty increased by over 10% after the Financial Conduct Authority (FCA) announced that it had closed its investigation into the company
Neo Energy Metals suspends CFO

Neo Energy Metals has announced that it has suspended its CFO, De Wet Schutte, while it investigates potential misconduct
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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