Mike Ashley’s Frasers ups stake in Hugo Boss as takeover pressure mounts July 21, 2026 Frasers Group has pushed its stake in Hugo Boss above the threshold forcing it to make an offer for the whole firm, piling pressure on the German fashion house to accept its £1.7bn bid. The fashion group, which owns Sports Direct and Flannels, said on Tuesday that it had bought 2.5m new shares in Hugo [...]
FTSE 100 property giant Segro rejects £13.5bn Prologis bid July 20, 2026 Segro has rejected a second and third takeover bid from US rival Prologis, as the tussle between the two property giants steps up a gear. The FTSE 100 real estate firm rejected Prologis’ latest bid last week, which amounted to £9.93 per share and valued the group’s total shares at £13.5bn. Prologis said its latest [...]
Hugo Boss urges investors to reject £1.7bn bid from Mike Ashley’s Frasers July 9, 2026 Hugo Boss has urged its investors to reject the “inadequate” £1.7bn takeover tabled by Mike Ashley’s Frasers Group. The retail giant behind Sports Direct and House of Fraser currently owns around 26 per cent of Hugo Boss but launched a move to take full control last month. The FTSE 250 group, which was founded by [...]
Prologis ramps up pressure on FTSE 100 property giant Segro July 9, 2026 US real estate giant Prologis has called on shareholders in FTSE 100 rival Segro to engage with its £12.6bn takeover bid, arguing the deal offers a “substantial upfront premium” and access to a larger global footprint of data centres. Prologis, a real estate investment trust (REIT) based in San Francisco, claimed that “constructive engagement… remains [...]
How the boss of Zilch became UK fintech’s power broker July 8, 2026 Last year, Zilch founder Philip Belamant sat down with then-boss of Monzo, TS Anil. As the two friends caught up, Belamant was fizzing with ideas to turn his $2bn British fintech into a global powerhouse, according to sources familiar with the matter. Not long ago, Zilch had set up shop across the pond, and Belamant [...]
Billionaire Easyjet founder in line for £800m payday from takeover July 6, 2026 Easyjet founder Sir Stelios Haji-Ioannou could be in line for a bumper £800m payday as part of the airline’s proposed takeover by private equity firm Castlelake. The British-Cypriot entrepreneur, who founded the company in 1995, holds some 116m shares in the budget carrier and will net a huge payout should he decide to sell his [...]
Sky buys ITV broadcasting arm in £1.6bn deal July 6, 2026 Sky has confirmed it will take over ITV’s broadcasting arm for £1.6bn, in a move the media giant says will safeguard its role as a public service broadcaster. The US-owned broadcaster said on Monday it will pay £1.6bn in total for ITV Media and Entertainment, which include its free-to-air TV channels in the UK and [...]
Easyjet board reaches agreement over £5.2bn Castlelake takeover July 5, 2026 The board of Easyjet is poised to accept a takeover bid by private equity firm Castlelake, in a move that could add the airline to a growing list of blue-chip companies that have unveiled plans to quit the London Stock Exchange since the start of the year. The offer of £6.90 per share, the fifth [...]
Easyjet rejects fourth bid but holds out for ‘more attractive’ offer June 25, 2026 Easyjet has slapped down suitor Castlelake for a fourth time but said it was open to a “more attractive proposal” from the US private equity firm. The budget airline revealed on Thursday it had rejected a £6.50 per share bid, which valued it at £4.9bn, saying that Castlelake was “substantially undervaluing the company and its [...]
HSBC bags £135m from former Silicon Valley Bank as job cuts push up restructuring bill June 24, 2026 The rescued UK wing of Silicon Valley Bank has paid another bumper dividend to HSBC as it racked up costs amid a sweeping restructure. HSBC Innovation Banking – the branding bestowed on the collapsed Silicon Valley Bank UK (SVBUK) – was taken over by Europe’s largest lender in March 2023 as ministers, regulators and banking [...]