BRUSSELS (dpa-AFX) - After a flat start and a subsequent upmove that took it to a four-month high, the UK stock market slipped into negative territory on Monday with the mood turning a bit cautious after data showed continued contraction in the nation's construction sector activity.The benchmark FT…
Castlelake taking easyJet private could give management greater flexibility by reducing the pressure of public markets and quarterly reporting, Interactive Investor's Victoria Scholar says in a research note. Castlelake's experience in aircraft leasing and airline investments, together with easyJet…
By Tharuniyaa LakshmiLondon's FTSE 100 edged lower on Monday as losses in precious metal miners outweighed gains in financial stocks, while investors assessed a string of merger and acquisition announcements.The blue-chip FTSE 100 index CURRENCYCOM:UK100 fell 0.1% to 10,663.68 points by 1037 GMT, w…
RNS Number : 1822L Wellington Management Group LLP 06 July 2026 FORM 8.3PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BYA PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the Takeover Code (the "Code")Public disclosures under Rule 8 of the Code must be mad…
The outcome of Castlelake's new takeover offer for easyJet remains uncertain, AJ Bell's Dan Coatsworth says in a research note. Founder Stelios Haji-Ioannou and his family--easyJet's largest shareholders--are likely to play a decisive role, Coatsworth says. Opposition from them or other major inves…
RNS Number : 1750L Equiniti Share Plan Trustees Ltd 06 July 2026 FORM 8.3PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BYA PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the Takeover Code (the "Code")1. KEY INFORMATION2. POSITIONS OF THE…
Castlelake's proposed acquisition of easyJet could ultimately lead to the breakup of the budget carrier rather than its continued operation as a single airline, Bernstein analysts say in a note. The buyer's aircraft-leasing business is a key driver of the deal, with easyJet's owned fleet, aircraft…
By Johann M Cherian and Tharuniyaa LakshmiEurope's benchmark STOXX 600 index was pinned at a record high on Monday after a strong week, with investors focussing on new deals, especially the take-private offer for UK's easyJet.The pan-European index TVC:SXXP inched up 0.1% to 654 points as of 0826 G…
KEEPING THE GAINS GOINGEurope's STOXX 600 TVC:SXXP is trying to extend the gains that carried it to record highs last week - so far on Monday it is up 0.2%, which yes, means that another intraday record has been reached already.Aerospace and defence (.SXPARO) and media (.SXMP) stocks are leading ga…
0811 GMT - Continental's agreement to sell ContiTech has come in at the top end of the 3.5 billion-euro to 4 billion-euro range that was expected, JPMorgan analysts Jose M Asumendi and Piyush Singla write. The company has agreed to sell the unit to Lone Star Funds at an agreed enterprise value of 4…
EasyJet shares are set to rise after the budget carrier agreed in principle to Castlelake's sweetened takeover offer, Citi analysts say in a research note. The latest proposal significantly increases the likelihood of a successful takeover, Citi says. Castlelake's fifth indicative offer, valuing ea…
European shares were flat on Monday after a strong previous week, with investors focussing on new deals, especially the take-private offer for UK's easyJet.The pan-European STOXX 600 index TVC:SXXP was at 652.84 points as of 0710 GMT after posting its strongest weekly performance since mid-May on F…
Shares in easyJet LSE:EZJ rose 10% in early trading on Monday after the British budget airline agreed in principle to a £5.5 billion ($7.34 billion) takeover proposal from U.S. investment firm Castlelake over the weekend.EasyJet said on Sunday it was prepared to accept Castlelake's revised bid of £…
The carrier said it had reached an agreement in principle after Castlelake tabled a fifth offer at £6.90 a share after weeks of rejections.There was no comment on the future of easyJet’s 19,000 employees across its airline and holidays divisions.EasyJet was founded in 1995 by Stelios Haji-Ioannou f…
EUROPE BEFORE THE BELL: LOTS OF BIG DEAL NEWSTraders seem to be pressing pause on European market momentum to start the week after the STOXX 600 ended last week by notching its latest record high.European equity futures are slightly lower, with Euro STOXX 50 EUREX:FESX1! futures down 0.14%. DAX BMF…
Shares in easyJet LSE:EZJ climbed 12% on Tradegate on Monday after the British budget airline agreed in principle to a £5.5 billion ($7.34 billion) takeover proposal from U.S. investment firm Castlelake over the weekend.EasyJet, which operates more than 350 aircraft on over 1,200 routes in 37 count…
STOCKS TO WATCHITV has agreed to sell its media and entertainment business to Comcast-owned Sky for up to £1.6bn. Following Comcast's planned separation, Sky and ITV's M&E business are expected to form part of NBCUniversal upon completion of both transactions, ITV said.EasyJet and Castlelake said t…
A £5.50 billion ($7.34 billion) deal for U.S. investment firm Castlelake to acquire British budget airline easyJet LSE:EZJ, announced on Sunday, would mark a new chapter in the carrier's 31-year history.Here is a timeline of easyJet's key milestones:1995Founder Stelios Haji-Ioannou launches flights…
British budget airline easyJet LSE:EZJ has agreed to a sweetened takeover bid from U.S. investment firm Castlelake that values the carrier at up to £5.5 billion ($7.34 billion), it said on Sunday, a major potential shakeup for Europe's aviation sector.The new offer at £6.90 a share represents a 73…
RNS Number : 0310L BlackRock Group 03 July 2026 FORM 8.3PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BYA PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the Takeover Code (the "Code")1. KEY INFORMATION2. POSITIONS OF THE PERSON MAKING THE…
