Motor finance woes could make Close Brothers the next takeover target June 19, 2025 Close Brothers has fought tooth and nail in the motor finance battle but analysts have warned regulatory pressures may make the lender vulnerable to a takeover as banking juggernauts look to snap up the competition. The bank has had a bruising 12 months with its stock sinking to lows of 185p in November. Shares have [...]
Natwest rules out TSB takeover June 19, 2025 Natwest has ruled out a takeover of UK high street bank TSB. The FTSE 100 juggernaut was viewed as the “most likely acquirer” by analysts, with the firm hotly anticipated to begin a deal spree after it re-entered private ownership last month. TSB’s Spanish owners, Banco Sabadell, confirmed earlier this week that it had received [...]
Santander interested in TSB takeover June 18, 2025 Santander has approached its Spanish banking peer, Banco Sabadell, regarding a takeover of its UK high street bank, TSB. Britain’s fifth-largest lender is reported to have expressed interest in a deal for TSB, which follows owners Sabadell confirming earlier this week it had been approached regarding acquisitions. A formal offer is yet to be tabled, Sky News [...]
Deal fever: Banking giants plot takeovers to ramp up market share June 18, 2025 British banking is poised for a major shake-up as top names go on the hunt for fresh acquisitions. Lenders have been scouting new deals that would send shockwaves across the industry. Much of the prospective dealmaking involves London lender Shawbrook, whose private equity owners have been circling high street bank Metro. Ahead of this, Shawbrook [...]
Sale Sharks tycoon Simon Orange buys steel giant June 17, 2025 The co-owner of rugby union side Sale Sharks, Simon Orange, has bought the UK’s second-largest steel contractor just a few months after selling his investment business in a deal worth more than £1bn. Self-made millionaire Orange, whose brother Jason was an original member of Take That, has snapped up a majority stake in Greater Manchester-based [...]
Natwest top pick to acquire TSB June 17, 2025 British banking juggernaut Natwest Group has been pegged as the “most likely acquirer” of TSB Bank. Natwest returned to private ownership last month, ending a nearly two-decade-long banking saga and setting the lender up for a deals spree. The bank has purchased over £5bn worth of shares from the Treasury as part of its directed buyback [...]
Banco Sabadell weighing sale of TSB Bank June 17, 2025 Banco Sabadell is mulling the sale of its British high street bank TSB after receiving expressions of interest. The Spanish lender confirmed last night that it has been approached regarding a potential takeover. Sabadell is reportedly working with advisers to examine the sale of the high street lender and has been in contact with potential [...]
Peel Hunt: UK stock market held back by ‘lack of self esteem’ June 16, 2025 The boss of City broker Peel Hunt has said London markets are being held back by a “domestic lack of self esteem”. Steven Fine, Peel Hunt’s chief executive, told Morning Wire the UK believes it is in “a lot worse shape than the rest of the world does,” which has led to a cheapening of [...]
Metro Bank shares soar after takeover interest from Shawbrook owner June 16, 2025 Shares in Metro bank boomed as markets opened on Monday after reports the high street lender had been approached for a takeover. The FTSE 250 bank’s stock was up nine per cent to 122.00p during early trading. On Friday, shares closed at 112.2p, giving it a market capitalisation north of £750m. This follows private equity [...]
Wincanton: Losses double as GXO takeover decision drags on June 12, 2025 Losses at Wincanton have doubled after leaving the London Stock Exchange as a decision over its acquisition by GXO has still yet to be made. The Wiltshire-headquartered business slipped into the red for the first time in more than 20 years in the year to 31 March, 2024 – posting a pre-tax loss of £44.9m. [...]