Japanese car maker Nissan has announced plans to cut roughly 10% of its European workforce, with the precise impact on UK operations unclear.
Drop-off fees at major UK airports have increased by an average of a third since last summer, with London Gatwick and Stansted charging £10. While airports cite congestion management and climate objectives, the RAC and business groups criticize the rising costs for drivers and companies.
UK warehouse landlord Segro's board has unanimously agreed to recommend a £14bn takeover offer from US rival Prologis, a U-turn after rejecting previous bids. The decision follows pressure from major investor Norges Bank and comes amid a rush of overseas bids for British companies.
Paramount Skydance's £80bn bid for Warner Brothers received conditional EU approval after commitments to end a film distribution joint venture. However, the deal faces significant challenges in the US, including a court-ordered pause and a preliminary injunction hearing, as well as potential intervention in the UK.
FTSE 100 warehouse landlord Segro capitulated to a £14bn takeover offer from US giant Prologis, despite CEO David Sleath's fight for independence. The deal, valued at £10.32 a share, is seen as a blow to the London stock market's diversity and a sign of its vulnerability to overseas firms.
JD Wetherspoon issued its fourth profit warning in seven months, attributing it to worse-than-expected sales, despite the World Cup, and rising costs for food, labour, energy, and property taxes. Shares in the pub chain tumbled 10% on the news.
Lloyd's of London ruled its former CEO John Neal breached compliance rules by not disclosing a "close relationship" with Rebekah Clement, risking a perceived conflict of interest. An investigation found no romantic involvement or promotion failures but noted Neal's conduct didn't change despite concerns, leading to a report to the FCA. Clement is considering legal action.
