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June 5, 2026: Schroders moves toward a Benchmark disposal, with shortlisted bids valuing the unit at up to £250 million
Sky News, cited by Alliance News and AJ Bell on June 5, reported that Openwork Partnership, Söderberg and Advent International were shortlisted for Schroders' Benchmark unit. Perella Weinberg Partners is running the process, and the business was expected to be valued at up to £250 million during Schroders' agreed takeover by Nuveen.
Companies & Earnings · a month agoSainsbury first-quarter like-for-like sales ease to 2.1% as non-food categories weaken
In the 16 weeks to June 20, 2026, Sainsbury reported like-for-like sales excluding fuel up 2.1%, down from 3.1% in the prior quarter. Total retail sales excluding fuel rose 2.7% to 9.153 billion pounds, with grocery up 3.6%, while general merchandise and clothing fell 3.7% and Argos sales slipped 0.5%.
Finance & Banking · a month agoBarclays secures 999-year leasehold on London headquarters at One Churchill Place for £750 million
The bank said the transaction gives it control of One Churchill Place beyond the current lease expiry in 2039 and more certainty over long-term occupancy costs. Barclays said the deal, covering more than 1 million square feet, is expected to be broadly neutral for its CET1 capital ratio and earnings.
Deals & Capital Markets · a month agoSEGRO Rejects Prologis All-Share Proposal Valuing Company at About £12.6 Billion
SEGRO said it received an unsolicited proposal from Prologis on June 16 offering 0.084 new Prologis shares for each SEGRO share, implying 925 pence a share and about £12.6 billion based on June 23 market inputs. The board rejected the approach, and Prologis must clarify its intentions by July 22.
Deals & Capital Markets · a month agoElliott builds nearly 5% holding in Bunzl and seeks share repurchase plan
Elliott Investment Management has disclosed a stake of almost 5% in Bunzl and is pressing the distributor to consider buying back up to 10% of its shares. The investor is also seeking a review centered on Bunzl’s North American operations after the company issued a profit warning last year.
Deals & Capital Markets · a month agoDaniel Kretinsky set to raise West Ham holding to 43% in deal for Gold family stake
Daniel Kretinsky is expected to buy an additional stake in West Ham United from the Gold family, increasing his ownership from 27% to 43% and making him the club’s largest shareholder. Reports said the transaction could be completed within weeks and would add funding for the club.
Companies & Earnings · a month agoFlutter plans to leave London Stock Exchange while keeping New York as sole primary market
Flutter said it intends to delist from the London Stock Exchange in August 2026 and retain its primary listing on the New York Stock Exchange. The company said the move reflects trading activity in its shares on the LSE and the additional costs associated with maintaining the listing.