Samsung Elec to buy healthcare services company Xealth
The South Korean company did not disclose the value of the transaction.
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Reuters
33 minutes ago
- Reuters
Blackstone ups offer to $666 million in battle for UK's Warehouse REIT
July 10 (Reuters) - U.S. private equity firm Blackstone (BX.N), opens new tab on Thursday raised its offer for Warehouse REIT (WHRW.L), opens new tab to about 489 million pounds ($666 million), topping an agreed deal for the London-listed company from industry peer Tritax Big Box REIT (BBOXT.L), opens new tab. U.S.-based companies have been snapping up British assets recently, taking advantage of weaker UK valuations. UK-listed real estate investment trusts have also seen a flurry of deals as players look to bulk up in an uncertain economic backdrop. Blackstone said its new offer valued Warehouse REIT shares at 115 pence apiece, an 8.3% premium to their closing price on June 3, the day before Blackstone disclosed its initial bid of 110.6 pence per share. The new offer comprises 113.4 pence per share in cash and a dividend of 1.6 pence per share, Blackstone said in a statement. Warehouse REIT shares were up 2.8% at 1009 GMT, a little above the offer price, suggesting some investors think the bid battle could have further to run. Warehouse REIT last month accepted a cash-and-stock offer from Tritax Big Box REIT that valued it at about 114.2 pence per share, or 485.2 million pounds. Asked whether the company would continue to support Tritax's proposal, Warehouse REIT declined to comment. Tritax did not immediately respond to a request for comment. Blackstone has said it wants to add Warehouse REIT to its logistics portfolio, while Tritax has said the business is complementary to its own. Other British companies at the centre of bid battles include scientific instruments maker Spectris (SXS.L), opens new tab and healthcare real estate investor Assura (AGRP.L), opens new tab. ($1 = 0.7346 pounds)
Reuters
33 minutes ago
- Reuters
UK's PageGroup sees profit slump to $30 million in 2025
July 10 (Reuters) - British recruiter PageGroup (PAGE.L), opens new tab forecast on Thursday an annual operating profit of about 22 million pounds ($29.95 million), down from last year but in line with market view, months after withholding it due to U.S. tariff uncertainty. PageGroup's performance has been decimated in recent years as troubles keep compounding for the company, which has been plagued by substantial underperformance in some European businesses and had to cut jobs in April to survive a wider sectoral slump. It had clocked in an operating profit of 52.4 million pounds in 2024. "We saw a slight deterioration in activity levels and trading in Continental Europe, particularly in our two largest markets, France and Germany," CEO Nicholas Kirk said in a statement. However, Kirk said the company saw some improvement in activity, trading and customer confidence in Asia and the U.S. The company said its second-quarter earnings fell 10.5% to 194.8 million pounds, as hiring activity remains subdued across sectors. ($1 = 0.7346 pounds)
BBC News
an hour ago
- BBC News
Newquay airport unveils 'next-generation' security facility
An airport has opened its "next-generation" security facilities that can process up to 500 passengers a Airport Newquay has implemented advanced CT X-ray screening technology that allows passengers to keep liquids and electronics in their hopes the system "will deliver a faster, smoother security experience that aims to rival major international hubs".Amy Smith, managing director of Cornwall Airport Newquay: "This is not just a new scanner - it's a new standard. "We're investing in the future of regional air travel by delivering cutting-edge infrastructure that puts Cornwall ahead of the curve and right at the heart of global added: "It's a major step forward in making Cornwall more competitive, and more confident on the national and international stage."
