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London Stock Exchange
321 posts
System1 rejects Brave Bison’s fourth takeover offer as valuation gap persists
System1 has rejected Brave Bison’s fourth takeover offer, arguing the current cash-and-share value still fails to justify surrendering control.
GSK agrees up to $750m Chimagen deal to deepen multiple myeloma pipeline
GSK is paying up to $750 million for a trispecific multiple myeloma asset, with early clinical data set to determine whether the deal creates value.
SThree (LSE: STEM) jumps 15% on Circle8 approach as investors price a takeover premium
SThree shares surged after Circle8 Group made an unsolicited approach for the specialist recruitment company, but no offer price has been disclosed and the underlying business is still navigating declining fees and a difficult hiring market.
Victrex (LSE:Â VCT) jumps 14% as profit upgrade resets the recovery debate
Victrex shares surged after the high-performance polymers specialist lifted its FY26 profit outlook, putting the focus on whether stronger demand and cost savings can sustain the rerating beyond September’s strategy event.
Energean (LSE: ENOG) jumps as 45% profit rise meets $3.2bn debt test
Energean profit rose 45% and production has rebounded. Can Katlan, $5bn of gas contracts and stronger H2 output reduce its $3.2bn debt?
Bodycote’s aerospace revenue is accelerating just as Veritas takes the company private for £1.85bn
Veritas Capital has beaten CVC to secure Bodycote’s board backing with a £1.85 billion enterprise-value offer. The price is roughly 10 times 2025 adjusted EBITDA and comes as aerospace and defence revenue accelerates, turning the take-private into another test of whether London-listed industrial companies are being acquired before their strategic improvement is fully reflected in public valuations.
Halfords (LSE: HFD) surges 11% as £60m profit midpoint tests heatwave boost
Halfords surged to a four-year high after lifting FY27 profit guidance to £55m-£65m. Can services growth sustain HFD after the heatwave boost?
JD Sports (LSE: JD.) crashes 14% as US sales force £50m guidance cut
JD Sports fell 14% after cutting FY27 profit guidance as North America sales slumped. Can JD stabilise US demand before September results?
JD Sports shares tumble as North America sales slide 6.8% and FY27 profit guidance falls
JD Sports cut its FY27 profit outlook after North American like-for-like sales fell 6.8%, raising fresh questions about its U.S. recovery, footwear cycle and cash-return strategy.
Defence Holdings (LSE: ALRT) open letter: Can Andrew Roughan convince shareholders the Defence Fund structure works?
Defence Holdings CEO defends £2m cornerstone in insider-linked Defence Fund after ALRT shares fell 22%; Q3 first close is the next real test for shareholders.