London stock market
Coverage of London stock market in the Nexus archive.
- Mitie agrees £3.1bn takeover by OCS in blow to London stock market
Mitie has agreed to a £3.1bn takeover by OCS Group, a private-equity owned rival, ending its nearly four decades on the London stock market. The deal includes a 44.7% premium cash offer per share, recommended by Mitie's board.
- Tate & Lyle agrees £2.7bn takeover by US rival in new blow to London market
Tate & Lyle, a UK-based company producing artificial sweeteners like Splenda, has agreed to a £2.7bn takeover by US rival Ingredion. The deal, valued at 615p per share (60% above pre-takeover prices), could jeopardize nearly 500 global jobs and marks another setback for London's struggling stock market.
- Britain for sale: Intertek set to be third FTSE 100 firm to fall into foreign hands this year as overseas predators swoop on London stock market
Intertek is set to be the third FTSE 100 firm to fall into foreign hands this year, with overseas predators swooping on the London stock market. Britain's companies are being acquired by foreign investors at a rapid pace. This trend raises concerns about the country's economic sovereignty.