Latest News

AEW UK REIT abandons AIRE pursuit


By Goran Nastic

AEW UK REIT (AEWU) has withdrawn from the contest for Alternative Income REIT (AIRE), stating it has no intention of making a firm offer after failing to secure the backing of AIRE's largest shareholder, Glenstone.

In a Rule 2.8 statement released on Wednesday to the London Stock Exchange (LSE), AEWU said Glenstone's public opposition to its proposed all-share acquisition, together with Glenstone's own cash bid for AIRE, had rendered a combination unworkable despite support from the AIRE board


Highlighted Content

Why the most effective default pension investments are built to evolve

For most employees, pension saving happens in the background. Contributions are paid in each month, but few people make an active investment choice.


Story 2

Brave Bison profit jumps 120% in H1

Brave Bison has reported a profit before tax of £4.1m in the six months to 30 June, marking a 120% year-on-year increase

Story 3

easyJet takeover offer deadline extended to mid-October

Shares in easyJet showed little sign of investor concern on Tuesday after Apollo-backed bidder Eagle Bidco announced a delay to the publication of the scheme document for its proposed £5.7bn takeover of the airline.

The UK Takeover Panel approved an extension, pushing the deadline from 3 September to 15 October as the parties continue discussions with aviation regulators

Story 4

Govt agrees to invest £71m into Tungsten West to reopen mine

The National Wealth Fund (NWF), a wholly owned subsidiary of the UK Government, has agreed to invest up to £71m in Tungsten West to restart production at the Hemerdon tungsten and tin mine in Devon

Story 5

NatWest makes fresh US push after post-crisis retreat

NatWest has secured approval to establish a representative office in Connecticut, marking its first significant attempt to expand in the US since the financial crisis as changes to UK banking rules ease restrictions on overseas operations

Story 6

P&O Ferries pays £94m Merchant Navy Ratings Pension Fund debt

P&O Ferries has paid the £94m it owed to the Merchant Navy Ratings Pension Fund (MNRPF) in full, following negotiations between the scheme’s trustees and DP World

Story 7

WPP and Bain Capital prepare potential sale of Kantar

Advertising group WPP and private equity firm Bain Capital are reportedly planning a sale of Kantar, jointly owned by the two companies, with advisers likely to be appointed this autumn to oversee the disposal of the market research and data analytics business.

The disposal could take place in stages, with Kantar's consumer data business potentially valued at $5bn-$7bn

Story 8

AstraZeneca prices €2.55bn bond offering

AstraZeneca has tapped European debt markets with a €2.55bn multi-tranche bond offering, with proceeds earmarked for general long-term corporate purposes

Story 9

Pri0r1ty appoints interim CFO

Pri0r1ty Intelligence Group has announced that Graham Duncan has been appointed to its board of directors and as interim CFO, with effect from 1 September

Story 10

Tracsis completes Mistral Data acquisition

Transport technology provider Tracsis has completed its £48m acquisition of rail software specialist Mistral Data after securing clearance from the Competition and Markets Authority (CMA), while reporting full-year trading in line with market expectations

MS International subsidiary wins €19.4m NATO contract

MSI Defence Systems Limited has been awarded a €19.4m contract by a NATO nation to supply three MSI-DS naval gun systems
Footwear sales continue to hit JD Sports’ finances

Shares in JD Sports dropped by over 14% as the sports retailer stated that its footwear division “remained soft given consumer pressures" in the second quarter.

The firm recorded a 3.1% decline in like-for-like (LFL) sales across the group in Q2, while H1 LFL sales fell by 2.8% year-on-year
Hunting raises dividend on upbeat forecast

Precision engineering group Hunting, which is on the hunt for a new CEO, reported a weaker first half, but increased its interim dividend on confidence of a stronger outlook.

Revenue, core earnings and adjusted profit all fell year-on-year, but the FTSE 250 firm said a strong performance from its subsea and perforating systems businesses and restructuring savings would support a stronger second half
Knights Group acquires Moore Barlow for £27m

Knights Group has agreed to acquire the commercial and private wealth service lines of the law firm, Moore Barlow, for £27m

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