Rightmove made the wrong move, says Murdoch’s News Corp September 30, 2024 Rupert Murdoch’s News Corp has applauded REA’s decision to abandon a takeover of Rightmove after the property platform rejected its fourth offer. In a statement today, Robert Thomson, chief executive of News Corp, said he “strongly supported” the property group’s “financial discipline” in pulling out of the bid, and added that it was an example [...]
Rightmove bidding battle shows that UK plc isn’t ‘for sale at any price’ September 23, 2024 A “lack of engagement” from Rightmove may have come as a surprise to Rupert Murdoch’s property group REA after it tabled not one but two takeover offers for the British company this month. On Monday, REA’s boss Owen Wilson said he was “genuinely disappointed” that Rightmove was unmoved by the interest, as the Australian firm [...]
Rightmove speaking to UBS and Morgan Stanley after REA takeover interest September 3, 2024 Rightmove is reportedly speaking to UBS and Morgan Stanley on its response to the unsolicited takeover bid from Rupert Murdoch’s REA Group, according to Bloomberg. REA announced its intention to explore a possible cash and share offer for the UK’s biggest property portal in a statement yesterday to the Australian Stock Exchange. It has said [...]
Funerals giant Dignity cuts loss by almost £300m after quitting London Stock Exchange August 28, 2024 Funerals giant Dignity dramatically cut its pre-tax loss by almost £300m in the year it quit the London Stock Exchange, it has been revealed. The Sutton Coldfield-headquartered group, which delisted in May last year, has reported a pre-tax loss of £42.1m for 2023 having lost £327.9m in 2022. Newly-filed documents with Companies House also show [...]
Carlsberg strikes £3.3bn deal for FTSE 250-listed Britvic July 8, 2024 Directors at Britvic said the offer was "fair and reasonable" recommending unanimously that shareholder vote in favour of the scheme.
Tech firm Checkit abandons takeover pursuit of AIM-listed Crimson Tide June 26, 2024 Checkit is now unable to submit another takeover proposal for six months. It had previously attempted to engage in discussions with Crimson multiple times over the last four years.
Brave Bison abandons pursuit of Mission Group after it refuses to engage in ‘constructive dialogue’ June 10, 2024 Digital advertising group Brave Bison has abandoned its attempts to takeover Mission Group, criticising the firm for refusing to engage in "constructive dialogue".
The City is underpricing how likely a Kretinsky-owned Royal Mail is May 30, 2024 British post for British doors, then, even if it arrives three days late? That certainly seems to be the Square Mile’s assumption, with shares in Royal Mail owner IDS only nibbling up 4 per cent or so yesterday despite news of a bid far north of its existing price. The working theory is that Daniel [...]
BHP asks Anglo American for more time to get its deal across the line May 29, 2024 BHP has asked Anglo American for more time to hammer out a deal.
Wood Group rejects second takeover offer from Dubai-based rival Sidara May 15, 2024 Yesterday, Sidara hiked its initial offer of over £1.4bn, or 205p per share, by about three per cent to 212p per share.