Latest News

Hugo Boss tells shareholders to reject £1.7bn Frasers bid


By Dan McGrath

Hugo Boss has recommended that its shareholders do not accept Frasers’ voluntary takeover offer, valued at £1.7bn.

The luxury fashion brand said that the offer price of €38 per share from the UK firm "does not adequately reflect" its standalone prospects and future value creation potential


Story 2

AstraZeneca shares slide after heart disease trial misses primary goal

Shares in AstraZeneca dropped by 9% today after the big pharma company announced that its Wainua treatment did not meet the primary goal in a phase III study

Story 3

Segro bites back against Prologis investor presentation

Segro has stated that Prologis’ investor presentation on a possible merger between the two firms "fails to reflect the quality, scarcity and growth" embedded in the business

Story 4

Jet2 shares soar on record year

Jet2 reported record revenue and passenger numbers for its 2026 financial year as the leisure travel group also unveiled a new £250m share buyback programme.

The company's preliminary results for the year ended 31 March showed that revenue rose 4% to £7.48bn after flying the most people since the airline was launched in 2003

Story 5

Computacenter lifts outlook as AI demand drives strong first half growth

IT infrastructure and services provider Computacenter has upgraded its full-year guidance after reporting Q2 trading ahead of expectations, driven by strong AI-related spending in North America and the UK

Story 6

Virgin Media fined record £28m over contract cancellation failures

Ofcom has fined Virgin Media £28m, the regulator's largest ever consumer protection penalty, after finding the telecoms provider repeatedly made it difficult for customers to cancel their contracts

Story 7

Vistry issues H1 loss warning

Vistry has stated that it expects to report a loss before tax of £30m in the first half of its financial year

Story 8

Getty scraps Shutterstock merger after CMA demands

Getty Images has abandoned its proposed $3.7bn merger with Shutterstock after deciding not to accept the Competition and Markets Authority's (CMA) requirement that Shutterstock sell its global editorial business.

The CMA had conditionally approved the transaction in May, concluding the deal could proceed if Shutterstock divested its editorial operations, including the Shutterstock Editorial, Backgrid and Splash brands

Story 9

Young’s shares jump as World Cup drives enhanced trading

Young’s has seen its share price rise by over 4% after the firm cited the late May bank holiday and the World Cup for a recorded increase in trading

Story 10

Halma continues M&A spree with Dreampath buy

Technology group Halma has agreed to acquire French diagnostics specialist Dreampath Diagnostics for an initial €154m (£132m), its third acquisition in around a week

easyJet clears Castlelake deal for take-off

easyJet has caved in and finally agreed in principle to Castlelake's latest improved takeover proposal of 690 pence a share, valuing the budget airline at around £5.5bn.

Investment firm Castlelake has been gradually increasing its offer from an initial 560p bid, with its fifth bid representing a premium of more than 70% to its share price before takeover interest emerged in late May
The Beauty Tech Group upgrades full-year expectations

Shares in The Beauty Tech Group have increased by over 7% after the firm increased its full-year expectations in its H1 trading update
ITV Studios to list on LSE after broadcaster sells media business to Sky

ITV has agreed to sell its Media & Entertainment (M&E) business to Sky in a deal worth up to £1.6bn, creating the UK's second-largest broadcaster while leaving ITV Studios as a standalone London-listed content business


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