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Getty scraps Shutterstock merger after CMA demands


By Goran Nastic

Getty Images has abandoned its proposed $3.7bn merger with Shutterstock after deciding not to accept the Competition and Markets Authority's (CMA) requirement that Shutterstock sell its global editorial business.

The CMA had conditionally approved the transaction in May, concluding the deal could proceed if Shutterstock divested its editorial operations, including the Shutterstock Editorial, Backgrid and Splash brands


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Young’s shares jump as World Cup drives enhanced trading

Young’s has seen its share price rise by over 4% after the firm cited the late May bank holiday and the World Cup for a recorded increase in trading

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Halma continues M&A spree with Dreampath buy

Technology group Halma has agreed to acquire French diagnostics specialist Dreampath Diagnostics for an initial €154m (£132m), its third acquisition in around a week

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easyJet clears Castlelake deal for take-off

easyJet has caved in and finally agreed in principle to Castlelake's latest improved takeover proposal of 690 pence a share, valuing the budget airline at around £5.5bn.

Investment firm Castlelake has been gradually increasing its offer from an initial 560p bid, with its fifth bid representing a premium of more than 70% to its share price before takeover interest emerged in late May

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ITV Studios to list on LSE after broadcaster sells media business to Sky

ITV has agreed to sell its Media & Entertainment (M&E) business to Sky in a deal worth up to £1.6bn, creating the UK's second-largest broadcaster while leaving ITV Studios as a standalone London-listed content business

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The Beauty Tech Group upgrades full-year expectations

Shares in The Beauty Tech Group have increased by over 7% after the firm increased its full-year expectations in its H1 trading update

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Baldock leaving Currys on a high with annual profits up 18%

Currys has posted solid numbers for the year ended 2 May, its final set of results under outgoing CEO Alex Baldock.

The electricals retailer reported an 18% rise in pre-tax profit of £191m for the year to 2 May, as revenue increased 6% to £9.25bn

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Glenstone puts forward 'final' offer for Alternative Income REIT

Glenstone has increased its acquisition offer for Alternative Income REIT to £57.4m

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Genel agrees £271m takeover of Capricorn Energy

Genel Energy has agreed to acquire Capricorn Energy in a recommended cash deal worth around £271m

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Halma acquires two European medtech firms for £54m

Halma has announced that it has acquired two medtech firms for £54m, which will be bolted on to its healthcare companies, SSG and IZI Medical

Craneware ‘disappointed’ with full-year performance

Craneware has stated that it is "disappointed" with its expected full-year results after it announced that its financial performance is set to be below expectations.
Raspberry Pi announces CFO appointment

Raspberry Pi has appointed Tim Powell as its new CFO, effective from 16 October
Amaroq on track with main market debut

Greenland-focused mining company Amaroq today confirmed that its planned move from the the alternative investment market (AIM) to the London's main market is progressing, with admission expected no earlier than 31 July


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