EasyJet has agreed in principle to a £5.5bn takeover offer from US investment firm Castlelake, which would take the UK's largest low-cost carrier private. The deal, valued at £6.90 per share, comes after weeks of negotiations and follows two profit warnings and a challenging macroeconomic environment for the airline.
EasyJet has accepted a £5bn takeover offer from US investment firm Castlelake, which would take the FTSE 250 airline private. The offer of £6.90 per share comes after previous offers were rejected for undervaluing the company. Castlelake expressed respect for easyJet's employees and plans to support its future growth and fleet modernization.
Private equity firms control significant portions of UK public services, receiving billions in public funds. Concerns are rising over financial engineering, debt loading, and the risks borne by vulnerable individuals when these services fail, as seen in children's homes and care providers.
OpenAI's "Stargate UK" datacentre project, touted as a major US-UK tech partnership, faces scrutiny. Revelations show OpenAI never visited key sites, and £20bn of £30bn "potential" investment may have been hypothetical, raising questions about the project's substance.
OpenAI's multibillion-pound Stargate UK datacentre project is under scrutiny as reports reveal a lack of site visits and questionable investment figures. The UK government touted £30bn in potential investment, but £20bn appears hypothetical, raising doubts about the project's substance and its role in US-UK AI cooperation.
An antique silver collection, discovered in an Edinburgh family's attic and containing over 100 items from the early 1700s to early 1900s, has sold for nearly £60,000 at auction. The items, expected to fetch £23,000, were found packed away for nearly a century.
