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27.07.26 - 13:36
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DCC, one of FTSE 100′s biggest energy firms, agrees £5.75bn takeover (The Guardian)
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KKR and Energy Capital Partners poised to buy firm despite misgivings from founder and biggest shareholdersBusiness live – latest updatesOne of the biggest energy businesses listed on the London Stock Exchange has agreed a controversial £5.7bn takeover by private equity, adding to the growing exodus of companies from the UK market.US private equity groups KKR and Energy Capital Partners are poised to buy DCC Energy after the company's board recommended the offer despite misgivings from its founder and biggest shareholders. Continue reading......
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27.07.26 - 01:18
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Rising oil prices could force up UK interest rates, say economists (The Guardian)
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Bank of England expected to keep rates on hold on Thursday but renewed Iran conflict casts shadow over energy costsThe Bank of England could be forced to tear up its economic forecasts and raise interest rates later this year if oil prices return to above $100 a barrel, according to City economists.Before a meeting of Bank officials on Thursday, economists said that while an interest rate hike would probably be avoided this week there could be some in the future because of conflict in the Middle East. Continue reading......
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22.07.26 - 20:06
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London loses again: FTSE 100 landlord Segro will be missed (The Guardian)
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The loss of Segro to a US firm denudes London's real estate sector and is another step in the hollowing-out of the UK stock marketFor a few hours on Wednesday, it seemed possible we were about to witness a rare stock market event: a FTSE 100 company holding out against a hostile raider from the US and defying some of its own large shareholders to defend its independence.Sadly, it didn't happen. Segro, the FTSE 100 warehouse landlord known as Slough Estates for much of its corporate life, capitulated minutes before the deadline and said it was “minded to recommend” the “best and final” offer of £14bn, or £10.32 a share, from US giant Prologis of San Francisco. The two sides now have until 12 August to hammer out a firm agreement. Continue reading......
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22.07.26 - 13:30
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FTSE 100 Rises On Soft Inflation Data (AFX)
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BRUSSELS (dpa-AFX) - The UK stock market's FTSE 100 moved up sharply Wednesday morning, lifted by gains in energy and mining stocks. Worries about rising tensions in the Middle East failed to dete......
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