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Apollo agrees £5.7bn easyJet takeover after Castlelake drops out


By Goran Nastic

easyJet has agreed to a £5.7bn takeover by US investment firm Apollo Global Management after original bidder Castlelake withdrew from the race


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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.


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Goodwin shares jump as it explores potential defence arm sale

Shares in Goodwin jumped by as much as 15% earlier today as the FTSE 250 firm confirmed it had launched a strategic review into the potential sale of its mechanical engineering division

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Ratio tops Serica with improved £146.4m bid for Pharos

The Pharos Energy board has switched its support back to Ratio Petroleum after the Israeli company increased its takeover offer for the London-listed firm

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Genel Energy rejects £202m Norwegian takeover bid

Genel Energy has rejected a £202m acquisition bid from the Norwegian oil and gas firm, DNO

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CMA clears Paramount-Warner Bros merger

The Competition and Markets Authority has approved Paramount Skydance's proposed $110bn acquisition of Warner Bros. Discovery, concluding that the deal is unlikely to substantially reduce competition in the UK and will not be referred for an in-depth Phase 2 investigation.

The CMA's review was based on evidence from the companies, internal documents, customers and competitors, as well as responses to its public consultation

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Persimmon increases new homes guidance as it builds on growth

Persimmon has increased its homebuilding full-year guidance in its half-year results, after recording a 15% increase in both group revenue and profit before tax

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Diageo profit hit by restructuring charges as new CEO unveils $850m turnaround plan

Drinks giant Diageo reported a sharp fall in profit but investors welcomed new CEO Sir Dave Lewis's restructuring strategy, sending the shares around 7% higher in early trading

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Harworth advises shareholders to ‘take no action’ following £583m offer

Harworth Group has urged its shareholders to "take no action" after the FTSE 250 property developer received a £582.8m offer from The Peel Group

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Permira emerges as bidder for Third Space

Private equity firm Permira has been revealed as one of the leading bidders for luxury health club operator Third Space, in a deal that could value the fast-growing business at between £700m and £1bn.

According to Sky News, Permira has begun work on a potential offer ahead of a formal sale process later this year

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Next ups guidance in Q2 update

Next has increased its full-year profit guidance, after its full price sales rose by 9.2% year-on-year to £70m, which is "materially ahead" of its 4% forecast

FCA eases IPO rules in new push to boost London listings

The Financial Conduct Authority (FCA) has introduced new reforms coming into effect today to simplify the UK initial public offering (IPO) process
L&G delivers 7% operating profit growth in H1

Legal & General (L&G) has recorded a 7% year-on-year increase in its core operating profit, totalling £918m, as it looks to become a "simpler, more focused" company
1947 Oil & Gas targets £65m AIM debut

Newly incorporated 1947 Oil & Gas is aiming to join AIM later this month with an expected market capitalisation of £65m, most of which it will use to fund an acquisition, in what is nevertheless a welcome new addition to FTSE's junior market.


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