Spectris agrees to £3.8bn takeover but KKR threatens bidding war June 23, 2025 Industrial group Spectris has agreed to a £3.8bn takeover by US private equity Advent but a bidding war could be brewing as KKR mulls a rival offer. The FTSE 250 firm has been valued at £37.73 per share in the deal. Shares jumped 13.5 per cent as markets opened on Monday to around 3,726. Private [...]
Challenger banks scout exit routes as giants circle Metro and TSB June 19, 2025 Analysts are pencilling in a fresh wave of banking deals with challenger banks set for a market departure. Moody’s analysts have said challenger banks will “seek exit after weak performance” as industry juggernauts set their sights on ramping up their market share. Takeover talk has gripped the City after reports Shawbrook’s private equity owners were [...]
Motor finance woes could make Close Brothers the next takeover target June 19, 2025 Close Brothers has fought tooth and nail in the motor finance battle but analysts have warned regulatory pressures may make the lender vulnerable to a takeover as banking juggernauts look to snap up the competition. The bank has had a bruising 12 months with its stock sinking to lows of 185p in November. Shares have [...]
Deal fever: Banking giants plot takeovers to ramp up market share June 18, 2025 British banking is poised for a major shake-up as top names go on the hunt for fresh acquisitions. Lenders have been scouting new deals that would send shockwaves across the industry. Much of the prospective dealmaking involves London lender Shawbrook, whose private equity owners have been circling high street bank Metro. Ahead of this, Shawbrook [...]
Sale Sharks tycoon Simon Orange buys steel giant June 17, 2025 The co-owner of rugby union side Sale Sharks, Simon Orange, has bought the UK’s second-largest steel contractor just a few months after selling his investment business in a deal worth more than £1bn. Self-made millionaire Orange, whose brother Jason was an original member of Take That, has snapped up a majority stake in Greater Manchester-based [...]
Banco Sabadell weighing sale of TSB Bank June 17, 2025 Banco Sabadell is mulling the sale of its British high street bank TSB after receiving expressions of interest. The Spanish lender confirmed last night that it has been approached regarding a potential takeover. Sabadell is reportedly working with advisers to examine the sale of the high street lender and has been in contact with potential [...]
Metro Bank shares soar after takeover interest from Shawbrook owner June 16, 2025 Shares in Metro bank boomed as markets opened on Monday after reports the high street lender had been approached for a takeover. The FTSE 250 bank’s stock was up nine per cent to 122.00p during early trading. On Friday, shares closed at 112.2p, giving it a market capitalisation north of £750m. This follows private equity [...]
Bargain Britain: UK firms under siege by foreign takeovers June 12, 2025 The London Stock Exchange has suffered a bruising week as private equity firms and foreign giants continue to snap up British bargains. Markets were hit with a double blow on Wednesday after Canadian consultancy giant acquired engineering firm Ricardo and KKR returned with a final bid for GP Landlord Assura. Assura has recommended a cash [...]
Spending Review: Reeves piles billions into tech as firms cool on UK June 11, 2025 Chancellor Rachel Reeves bet heavy on tech and innovation in her maiden Spending Review, in a week that saw a trio of tech firms depart from the London Stock Exchange. Reeves hiked research and development funding to a record high of £22.6bn per year by the end of the Spending Review period. She doubled down [...]
Canadian giant swoops for London-listed Ricardo June 11, 2025 London-listed engineering firm Ricardo has agreed to a £281m acquisition deal by Canadian consultancy giant WSP in the latest foreign takeover blow to the London Stock Exchange. Ricardo has accepted the 430p per share offer, a 28 per cent increase on the firm’s closing price on June 10 of 326p. It is a 69 per [...]