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CMA seeks views on Sky-ITV deal


By Goran Nastic

The Competition and Markets Authority (CMA) has invited comments on Sky's proposed £1.6bn acquisition of ITV Media & Entertainment, ahead of a decision on whether to launch a formal Phase 1 merger investigation.

The proposed deal, which was agreed earlier this month after months of talks, values ITV M&E at up to £1.6bn, comprising £1.2bn in cash, Love Productions valued at £200m and a potential earn-out of up to £200m linked to future advertising performance and other adjustments


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BT profits drop as revenue remains flat in Q1

BT has recorded a 4% year-on-year profit drop to £505m in the three months to 30 June, while its revenue fell by 0.3% to £4.3bn

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Investors look through easyJet profit drop to send shares higher

easyJet reported a steep drop in third-quarter profit of £85m, down from £286m a year earlier, as higher fuel costs took their toll, but shares still rose 5% in trading today as investors focused on later bookings and takeover interest

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Prologis places ‘final’ £14bn offer for Segro

Prologis has announced its "best and final" acquisition offer for Segro, valuing the logistics firm at £14bn.

The US firm said its new offer, which consists of 0.092 new Prologis shares for each Segro share and a partial cash alternative of up to £3.5bn, will not be increased, believing that it provides a "compelling opportunity for both sets of shareholders"

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Howdens set to ‘outperform’ market in full-year

Howdens has stated that it expects to outperform its competitors in 2026, as trading remains in line with expectations

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Mitie agrees to £3.1bn takeover offer from OCS

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

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Bloomsbury wins chunk of $1.5bn payout from Anthropic copyright case

Bloomsbury Publishing said it will receive payments from the $1.5bn settlement between AI company Anthropic and copyright holders after a US court approved the agreement covering the unauthorised use of books to train AI models

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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

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SigmaRoc delivers double-digit profit growth in H1

Lime and minerals producer SigmaRoc said it remains on track to meet full-year expectations after delivering stronger profitability, higher margins and improved earnings in the first half of 2026

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Wetherspoons issues fourth profit warning in 2026

JD Wetherspoon has seen its share price drop by over 7% after it issued its fourth profit warning in seven months

Henry Boot share price hits 13-year low

Shares in Henry Boot have hit a 13-year low after the property investment and development firm recorded lower transaction volumes across its markets
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
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
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

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