The US company buying Meggitt for £6.3bn has guaranteed jobs at the defence contractor for only one year despite pledging to be a “responsible steward”. The board of the FTSE 250 company has recommended the 800p a share from Parker Hannifin, which represents a 71pc premium to Friday’s 469p closing price but is only 15pc…
Morrisons is at risk of being loaded with debt and stripped of its property portfolio, one of the City’s of London’s biggest institutions has warned in an unusual public rebuke to the buyout consortium that has agreed to acquire the supermarket in a £9.5bn deal. In an escalation of tensions between public and private equity…
Small investors fighting a potential takeover of London-listed lithium miner Bacanora by a Chinese mining giant believe their campaign is gaining traction after the company fired a shot across their bow reminding them of City rules. The small shareholders, who claim to number about 400 individual investors holding 6pc of Bacanora between them, are battling a possible…
