Storage firm Big Yellow weighing ‘all options’ after sale pressure from investor Property Big Yellow has told shareholders it is keeping “all options” under review after the self-storage firm’s biggest investor told it to put itself up for sale. The FTSE 250 group said it “recently” met with a shareholder who “is encouraging Big Yellow to explore a sale”. Earlier this week, Ancora Alternatives, an Ohio-based activist investor, [...]
Activist investor urges storage firm Big Yellow to put itself up for sale Property Shares in storage firm Big Yellow bounced on Wednesday after an activist investor urged the company to put itself up for sale. The FTSE 250 self-storage provider jumped more than five per cent to 844p after Ancora Alternatives, which owns four per cent of the group, told it to consider a take-private deal. The Ohio-based [...]
Big Yellow slashes staff and turns to automation after Reeves’ business rates blow Markets Big Yellow continued to trim its headcount and hike investment into automation in a bid to cut staff costs, as the company continues to deal with the fallout of Reeves’ decision to hike business rates. The Chancellor’s decision to increase both national insurance and minimum wage in the 2024 Autumn Budget, caused the group to [...]
Big jump for Big Yellow shares as Blackstone eyes takeover bid October 13, 2025 Shares in Big Yellow rocketed on Monday morning after it emerged the London-listed business could be in line for a takeover from real estate investment giant Blackstone. In a statement, the self-storage firm confirmed Blackstone was “considering its position in relation to the company, which could include a cash offer for the entire issued, and [...]
Big Yellow posts solid quarter of growth July 18, 2024 A boost in occupancy and a hike to rents helped revenue at self-storage firm Big Yellow to a solid increase in the second quarter, after what has been a difficult two years.