Real estate investment trust Prologis Inc. has ramped up pressure on the board of Segro PLC to engage in talks for a £12.6 billion ($16.9 billion) takeover, telling shareholders in the British company on Thursday that the deal would give them access to a superior data center platform.
Real estate investment trust Prologis Inc. has ramped up pressure on the board of Segro PLC to engage in talks for a £12.6 billion ($16.9 billion) takeover, telling shareholders in the British company on Thursday that the deal would give them access to a superior data center platform.
Outsourcing giant Capita warned Thursday that problems administering the U.K. Civil Service Pension Scheme will cut its 2026 profit by up to £40 million ($54 million) and delay its return to surplus cash generation.
Workplace pension scheme Nest plans to invest up to £1 billion ($1.3 billion) in growing private companies via a dedicated venture capital portfolio managed by Schroders Capital, to boost long-term returns and increase backing for British startups.
German engine manufacturer Deutz said Thursday that it will buy military vehicle producer FFG for €1.6 billion ($1.8 billion), as Europe focuses on arming its defense sector amid global tensions.
Economic uncertainty and a shortage of willing sellers have driven merger and acquisition activity in the U.K. insurance distribution sector to its weakest first-half level in nearly a decade, according to a consultancy.
Finance software firm TruFin disclosed on Thursday the imminent launch of its plan to return £80 million ($107 million) to shareholders, starting with a £56.8 million stock repurchase program.
GlobalData PLC said Thursday it intends to repurchase up to £30 million ($40.2 million) in shares from this week, a move expected to downsize the data specialist's share capital.
