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easyJet clears Castlelake deal for take-off


By Goran Nastic

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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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

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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.

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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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Raspberry Pi announces CFO appointment

Raspberry Pi has appointed Tim Powell as its new CFO, effective from 16 October

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Sugar doesn't taste so sweet for ABF

Primark owner Associated British Foods (ABF) has cut expectations for its sugar division after a fall in Q3 sales weighed down on results and deeper losses expected for the year ahead.

Sugar remained the key pressure point. Sales fell 4% in the quarter and the sugar division is now expected to report a wider full-year loss of between £25m and £60m on lower average selling prices

Topps Tiles issues profit warning following heatwave

Topps Tiles has seen its revenue fall below its forecast in Q3, after the recent heatwave caused temporary work stoppages among housebuilders and traders
BT and Verizon announce international JV

BT and Verizon, the largest telecommunications firms in the UK and US, have agreed to combine their international enterprise operations in a 50:50 joint venture, creating a $4bn global connectivity business aimed at meeting rising demand for cloud and AI-enabled services.

The news briefly saw BT top the FTSE 100 in today's trading
Sainsbury’s Q1 growth slows, but maintains profit outlook

Sainsbury’s reported a stronger start to its financial year as grocery sales growth and continued market share gains helped lift Q1 revenue.

Revenue rose 2.7% to £9.2bn in the 16 weeks to 20 June, with retail sales excluding fuel also up 2.7% and like-for-like sales increasing 2.1%, versus 4.7% in last year’s comparative period


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