Latest News

CMA clears ABF-Hovis merger


By Goran Nastic

The Competition and Markets Authority (CMA) has approved Associated British Foods’ (ABF) planned acquisition of Hovis following an in-depth phase two investigation.

The regulator said the deal does not raise competition concerns because ABF’s bakery business would likely leave the market if the transaction did not proceed.


Story 2

Thames Water nears nationalisation as Govt opposes ‘weak’ rescue deal

Thames Water’s proposed £10bn rescue deal has been described as "weak" by the Government, as the troubled utilities firm moves closer to being placed in temporary public ownership

Story 3

Debenhams narrows losses despite sharp revenue decline

Debenhams Group reported a 24.7% fall in full-year revenue to £917m, but profitability is improving as the company pivots to a higher-margin marketplace model

Story 4

Sigma walks away from Boots acquisition talks

Sigma Healthcare has withdrawn from discussions to acquire Boots after concluding the potential transaction did not align with its strategic priorities or capital allocation objectives.

In a statement today, Sigma said that following an initial review it had determined that an acquisition of the UK pharmacy and retail chain “would not currently meet its strategic and capital investment objectives”

Story 5

Frasers in £166m bid for Accent Group

Frasers Group has launched an all-cash takeover offer to acquire the shares it does not already own in Australian retail business Accent Group, motivated by concerns about Accent’s management, governance, and financial performance.

Story 6

LondonMetric and Schroder REIT close in on £396m Picton deal

LondonMetric and Schroder REIT have provided an update on a proposed £396m offer for Picton Property Income

Story 7

Reabold confirms Union Jack Oil approach

Reabold has confirmed that it is in discussions with Union Jack Oil regarding an all-share offer to combine the firms

Story 8

Frasers makes £1.7bn acquisition bid for Hugo Boss

Frasers Group has launched a £1.7bn acquisition bid to acquire the remaining shares in its key brand partner, Hugo Boss, with a cash offer of €38 per share.

Under the voluntary public takeover offer, the British group will acquire all of the non-par value registered shares in the German firm which it does not already hold, corresponding to approximately 73.94% of the share capital

Story 9

Halma shares drop despite record revenue and earnings

Halma has recorded an almost 16% drop in its share price, despite posting record revenues and adjusted earnings in the year to 31 March

Story 10

SpaceX raises $75bn in record-breaking IPO

SpaceX has raised $75bn in a record-breaking IPO

CMA launches investigation into Ryanair’s family seating charges

The Competition and Markets Authority (CMA) has launched an investigation into Ryanair, examining the charge it places on parents and guardians to sit with their children on flights
Flutter Entertainment to delist from LSE

Online sports betting and gambling company, Flutter Entertainment, has announced its intention to delist its ordinary shares from the London Stock Exchange (LSE)
Titan Wealth to add £900m of AUA with acquisition of Progeny International

Titan Wealth is set to acquire Progeny International, adding approximately £900m of assets under advice (AUA) to its international business
Glas Cymru welcomes new CFO

Glas Cymru has appointed Mick Jeavons as its new CFO

View More News

BANNER

BANNER

FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Tick here to confirm you are happy to receive news and promotions sent by Corporate Finance News that you can opt out of at any time.


© 2019 Perspective Publishing     Privacy & Cookies