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The Latest Breaking News from Segro

Segro agrees £14 billion takeover from US firm Prologis

Segro had previously rebuffed three takeover offers from Prologis, with the most recent previous move worth about £13.5 billion.

Evening Standard

FTSE 100 falls as Middle East war intensifies

Brent oil topped 100 dollars a barrel on Thursday for the first time since May.

The Independent UK

London loses again: FTSE 100 landlord Segro will be missed

Doubly depressing takeover by a US buyer deprives the UK market of a property company that is genuinely different

The Guardian - UK

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Segro board U-turns on £14bn takeover bid by US rival Prologis

UK warehouse landlord says board unanimous in recommendation to accept ‘best and final offer’

The Guardian - UK

FTSE 100 ends higher as UK inflation cools

However, oil prices climbed amid inflamed tensions between the US and Iran.

Evening Standard

FTSE 100 ends up as Healey pledges fiscal control

The index closed up 61.15 points, 0.6%, at 10,585.91.

Evening Standard

Segro rebuffs third approach from US bidder worth £13.5bn

Prologis said it put forward a new cash-and-stock proposal to buy FTSE 100 firm Segro on July 16 worth £9.93 a share.

Evening Standard

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Another FTSE firm is under attack from a US raider. Demand top dollar

The warehouse landlord Segro has a bright future, not least with datacentres, so there’s no reason to roll over

The Guardian - UK

Segro bid boosts FTSE 100 as gold and oil sink

UK warehouse landlord Segro rejected a £12.6 billion takeover proposal from US logistics property giant Prologis.

The Independent UK

UK warehouse landlord Segro rejects £12.6bn takeover offer from US rival

FTSE 100 firm says Prologis all-share proposal turned down as it falls long way short of its own views on value

The Guardian - UK

Global Markets | European shares hold flat on US-Iran talks; Rheinmetall slides

European markets saw a flat opening as investors weighed U.S.-Iran talks. Defence giant Rheinmetall plunged on reports of Germany scrapping a major warship project, though rival TKMS surged. Real estate stocks gained, led by Segro after a buyout bid. Tech shares steadied after recent losses, with chipmakers showing modest gains.…

The Economic Times

Segro rebuffs £12.6bn approach from US rival in latest takeover tilt for UK firm

Prologis revealed it had put forward a proposal to buy FTSE 100 firm Segro worth 925p a share on June 16, which was rejected on Tuesday.

Evening Standard

Huge £1bn data centre for Park Royal gets go ahead from planners

Developers have pledged £3 million of community benefits, including dedicated digital fund.

Evening Standard

FTSE 100 holds firm amid hefty gold miner losses

Experts said the drop was a sign of ‘healthy price action’.

Evening Standard

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Evening Standard

Inside the data centres powering your phone — and the AI revolution

Without much fanfare London has become one of the world’s biggest markets for data centres anywhere in the world outside America

Evening Standard

A new £1 billion data centre at Park Royal 'will power London's digital growth'

The 30,000 sq m three storey centre is being built on the site of a former online fashion warehouse in west London

The Independent UK

FTSE 100 gains as mining stocks boosted by gold rebound

The blue-chip index outperformed European rivals on Monday, with miners including Endeavour, Anglo American and Fresnillo among the top gainers.

Evening Standard

Segro fails in Tritax EuroBox takeover after Brookfield strikes deal

On Monday, Segro said that its all-share takeover deal for Tritax EuroBox, which it agreed in early September, ‘has lapsed’.

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The Guardian - UK

Gridlock: why it can take 11 years to connect solar farms to the UK network

Companies are waiting up to 14 years for connections, leading some to revise net zero targets

Evening Standard

Tritax bid battle takes fresh twist with new £1.1 bn cash offer from Brookfield

Canadian property giant makes all cash offer at a 6% premium to previous agreed Segro deal

Evening Standard

How teens can overcome hurdles to the job market

Facing disadvantages or living with neurodiversity can make taking the next step harder. Julie Henry explores how teenagers with challenges are getting access to work experience, employment and education

Birmingham Post

Segro strikes development partnership with combined authority

Company commits to support £2bn development programme across the West Midlands

Birmingham Post

East Midlands Freeport won't comment on details of huge logistics park in Leicestershire countryside

Details of the logistics park are sparse - spokeswoman said they won't comment due to 'commercial confidentiality'

Evening Standard

Film and 10-minute grocery boom boost warehouse giant Segro

London’s attractiveness as “the beating heart of the UKeconomy” has led to soaring demand for space to store food and make films, according to industrial property giant Segro.

The Guardian - UK

Retailers face tough 2022 despite sales rebound; FTSE 100’s worst week since November; NatWest back in profit – as it happened

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