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ABB agrees £4.1bn takeover of Rotork


By Goran Nastic

Swiss engineering group ABB has agreed a £4.1bn takeover of UK-listed Rotork, with yet another UK firm set to leave the London Stock Exchange (LSE).

The recommended £5.06 per share offer comprises £5.03 in cash plus a permitted dividend of up to three pence per share, representing a 73% premium to Rotork's closing share price on 15 July and valuing the Bath-based engineering company at approximately £4.14bn


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Ocado shares plummet after 'messy' results as investors look past one-off gains

Ocado shares fell around 19% to a 13-year low after investors looked beyond a £354m one-off accounting boost to what was viewed as a complicated set of half-year results

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Govt brings British Steel under state control

British Steel has been brought into public ownership by the Government in a move that is designed to protect the future of steel production in the UK

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Ramsdens shares jump as takeover bid increases

Ramsdens’ share price has increased by over 13% after FirstCash announced that it has reached an agreement on its "final" £232m acquisition offer for the UK pawn store operator

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GDP returns to growth in May

UK gross domestic product (GDP) increased by 0.1% month-on-month in May, following 0.3% growth in March and a 0.1% drop in April

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Thames Water returns to profit but funds to last until year-end

Thames Water has reported a £200m profit in the year to 31 March, after reporting a loss of £1.6bn in the previous year, but only has funds to last until the end of 2026.

The troubled utilities firm stated that its revenue increased by 40.7% to £3.8bn, while its underlying earnings rose by 61.5% to £2.1bn

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Barratt Redrow plans £400m share buyback after solid year

Barratt Redrow plans to return £400m to shareholders in its 2027 financial year, primarily through share buybacks, after delivering annual results in line with expectations despite a challenging housing market

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B&M shares hit following ‘sluggish’ Q1 performance

Shares in B&M have dropped by over 5% after the retailer recorded what analysts have described a "sluggish performance" in Q1

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Gore Street Energy shares fall as NAV plunges

Shares in Gore Street Energy Storage Fund fell about 6.7% after the battery storage investor reported a steep decline in net asset value (NAV)

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BP shares climb on stronger trading outlook despite production hit

Energy giant BP rose nearly 3% today after its second-quarter trading update indicated stronger oil trading performance and a reduction in net debt, offsetting weaker upstream production and a $1bn charge related to parts of its energy-transition business.

The FTSE 100 company said upstream production was expected to fall to between 2.17 million and 2.22 million barrels of oil (boe) equivalent a day from 2.34 million in the first quarter, citing seasonal maintenance in the Gulf of America and disruption in the Middle East.

Debenhams reports ‘continued positive trading’

Debenhams has stated that it has recorded a continuation in "positive trading", adding that its multi-year turnaround is moving "at pace"
Genus set to land ahead of expectations in FY26

Genus has stated that it expects its full-year results to be "moderately ahead" of market consensus, following "better than anticipated" trading in the second half of its financial year
Watches of Switzerland clocks up record year

Luxury watch retailer Watches of Switzerland reported record annual revenue, higher profits and strong cash generation, while reaffirming its outlook for FY27


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