US logistics firm Prologis has launched a £12.6bn all-share takeover bid for UK property giant Segro, which Segro's board rejected as significantly undervalued. The offer highlights the strategic value of Segro's warehouses and AI datacentre potential.
Intertek's £10bn takeover by EQT-led consortium, while not a landmark event, highlights London's market issues. It's the third FTSE 100 company taken over this year, with few new listings.
Rolling coverage of the latest economic and financial newsStarmer on the brink as cabinet ministers urge him to quitThe London stock market has opened in the red.The blue-chip FTSE 100 share index fell by as much as 1.1% at the start of trading, down 117 points to 10,152 points. That’s its lowest level since the end of March.Back at home, rising government borrowing costs aren’t helping either, with Prime Minister Sir Keir Starmer’s leadership under increasing pressure. The potential for a fiscally looser successor may be weighing on rate expectations, but the inflationary influence of higher-for-longer oil prices is likely to be the bigger driver. Continue reading...
