All entries related to United Kingdom, newest first. tag:eurotrack.ai,2026:en:en/countries/united-kingdom 2026-10-31T06:00:00Z Eurotrack tag:eurotrack.ai,2026:f0adfa06:en 2026-10-31T06:00:00Z

Single-source report: according to Sky News, as reported by Expansión, the UK telecoms group (owned equally by Telefónica and Liberty Global) is preparing to cut several thousand of its roughly 16,000 jobs; people close to the company said up to 4,000 could go, mostly in non-customer-facing roles. The backdrop is investor concern over £22bn of debt; a cost-saving target, but no headcount figure, is expected with the quarterly results. The company has not confirmed the report (Expansión, 31 October 2026). — Source: https://www.expansion.com/empresas/2026/10/31/vmo2-prepara-miles-despidos-ahorrar-costes.html

tag:eurotrack.ai,2026:f87cd26e:en 2026-10-29T06:00:00Z

Poundland's management filed a notice of intention to appoint administrators on 29 October 2026, giving the discount chain ten days to find a rescue deal. About 12,000 employees are affected; Prime Minister Andy Burnham said the government was ready to support staff and called for answers on why an offer for the business had been rejected. The headcount is not in the job-cuts field because it is still open whether stores will close (BBC, 31 October 2026). — Source: https://www.bbc.co.uk/news/articles/ck4g182xq90lo

tag:eurotrack.ai,2026:07581d14:en 2026-10-23T06:00:00Z

The new owners of the Daily Telegraph, part of Axel Springer since June, have made staff redundant and announced a shift to an AI-powered global media and intelligence business. Newsroom insiders expect up to 100 job losses, with culture and sport hit hardest; the company has not given an official figure (The Guardian, 23 Oct 2026). — Source: https://www.theguardian.com/media/2026/oct/23/telegraph-job-cuts-axel-springer-owner-promises-turn-paper-ai-powered-global-business

tag:eurotrack.ai,2026:d8908a74:en 2026-10-22T06:00:00Z

Addtech Energy is taking over 100% of UK-based Connectors & Switchgear, which makes high-voltage connections and components for substations and switchgear. It has 42 employees who move with the business and annual sales of about £10m, and joins Allied Insulators; the transfer takes place on the day of the notice and Addtech gives no price (Addtech, release, 22 Oct 2026). — Source: https://news.cision.com/se/addtech/r/addtech-forvarvar-connectors---switchgear-ltd,c4413707

tag:eurotrack.ai,2026:98b5d9f4:en 2026-10-22T06:00:00Z

Barclays put its job cuts for this year at 5,000, about 5% of its workforce, when presenting nine-month results on 22 October 2026. Around 1,000 roles have already gone and the remaining 4,000 are due by the end of the fourth quarter, mainly operational and administrative functions. The bank links the cuts to multi-year technology investment including AI and booked £201m of structural cost-reduction charges in the third quarter (Cinco Días, 22 Oct 2026; second source: Expansión, 22 Oct 2026). — Sources: https://cincodias.elpais.com/companias/2026-10-22/barclays-recortara-5000-empleos-el-5-de-su-fuerza-laboral-para-reducir-costes-por-la-ia.html · https://www.expansion.com/empresas/banca/2026/10/22/6ad9c93be5fdea94288b4570.html

tag:eurotrack.ai,2026:d7e8ef61:en 2026-10-21T06:00:00Z

Parc Bidco, the acquisition vehicle of Norwegian leisure operator Activeon, signed the agreement to buy Funky Monkeys Playcentres (Airtastic) on 21 Oct 2026; Airtastic is a multi-activity group with sites in Ireland and Northern Ireland and an adjusted EBITDA of about €5.1m. To part-finance the deal Parc Bidco is exploring a tap issue of up to €24.9m on its bonds (€125m currently outstanding); the filing does not state the purchase price. Combined, the two would have pro forma revenue of €188.7m and adjusted EBITDA of €46.4m (Parc Bidco, stock exchange notice, 21 Oct 2026). — Source: https://newsweb.oslobors.no/message/684498

tag:eurotrack.ai,2026:74e1484b:en 2026-10-21T06:00:00Z

The vehicle Autobuses de Leon, backed by the Cosmen family (CMC Group, Mobico's largest shareholder with 26%) and Spanish fund Asterion, has put a non-binding cash proposal of 46p per share to UK bus operator Mobico. The independent directors are minded to recommend a firm offer on these terms, subject to documentation and due diligence; a firm offer must follow by 5pm London time on 18 Nov 2026 or the bidder walks away. Expansión puts the enterprise value including debt at about €2bn (Mobico, Rule 2.4 announcement, 21 Oct 2026; second source: Expansión, 23 Oct 2026). — Sources: https://www.investegate.co.uk/announcement/rns/mobico-group--mcg/statement-re-possible-offer/9833999 · https://www.expansion.com/empresas/transporte/2026/10/23/6ada74a4e5fdead95e8b45d0.html

tag:eurotrack.ai,2026:091f54f9:en 2026-10-20T06:00:00Z

Gulf Keystone and ShaMaran signed a Bermuda statutory merger agreement on 20 October 2026; ShaMaran shareholders receive new Gulf Keystone shares worth about US$601m, and Gulf Keystone is to pay its own shareholders a US$50m special dividend at closing. The combined group would hold 323 MMbbl of 2P reserves and produce about 53,000 barrels a day, and plans to move to the main market of Oslo Børs and later end its London listing. The largest shareholders on each side (the Lundin family at ShaMaran, Lansdowne Partners at Gulf Keystone) intend to vote in favour; completion is subject to customary conditions (Gulf Keystone, exchange release, 20 Oct 2026). — Source: https://newsweb.oslobors.no/message/684374

tag:eurotrack.ai,2026:28dff368:en 2026-10-20T06:00:00Z

Gambling group Flutter announced on 20 October 2026 plans to cut up to 1,400 jobs in its UK and Ireland business, mainly in Leeds and Dublin (240 roles at the Clonskeagh headquarters, with voluntary redundancy offered) plus hubs in Porto and Cluj-Napoca. The company blames higher UK taxes on online casino and sports betting, which it says it cannot fully absorb; which functions are affected has not been disclosed (BBC, 20 Oct 2026; second source: RTÉ, 20 Oct 2026). Update (25 Oct 2026): The programme includes closing Sky Bet's headquarters, relocated from the UK to Malta in November 2025 (the Maltese entity SBG Sports Limited is to be wound down): about 50 jobs in Malta are affected and the remaining staff are expected to move to Gibraltar; the figure of 1,400 is unchanged and the Maltese jobs are not counted on top (iGamingCapital, 22 Oct 2026; Casino Guardian, 21 Oct 2026). — Sources: https://www.bbc.co.uk/news/articles/cqzrdpkm3g84o · https://www.rte.ie/news/business/2026/1020/1596128-flutter-job-cuts/ · https://igamingcapital.mt/flutter-reverse-sky-bets-malta-move-less-than-a-year-later/ · https://www.casinoguardian.co.uk/2026/10/21/flutter-announces-sky-bet-malta-office-shutdown-amid-strategic-shift/

tag:eurotrack.ai,2026:6153f9fe:en 2026-10-19T06:00:00Z

Merck KGaA is buying UK RNA specialist Silence Therapeutics for US$20 per depositary share in cash, 130% above the closing price on 16 October 2026; the deal is worth about US$1.3bn. Closing is expected in Q1 2027 (KSL citing Reuters, 19 October 2026; second source: Pulse 2.0, 19 October 2026). — Sources: https://www.ksl.com/article/51638103/germanys-merck-buys-silence-therapeutics-for-13-billion · https://pulse2.com/merck-to-acquire-silence-therapeutics-for-about-1-3-billion/

tag:eurotrack.ai,2026:edaa2172:en 2026-10-14T06:00:00Z

UK-based Kistos has signed a sale and purchase agreement with Vår Energi for a 10% working interest in three production licences in the Norwegian Balder-Ringhorne area; the upfront payment is USD 12.9m (effective 1 January 2026). It adds 4.3 mmboe net (reserves and resources combined), with the resource volumes expected on stream from 2029. Completion still needs approval from the Norwegian Ministry of Energy (Kistos, exchange announcement, 14 Oct 2026). — Source: https://newsweb.oslobors.no/message/684045

tag:eurotrack.ai,2026:6592ab00:en 2026-10-12T06:00:00Z

HMV will leave its Oxford Street flagship at 363 Oxford Street, reopened in 2023, in March 2027 after landlords proposed doubling the rent and the site faced substantial renovation costs. More than 50 staff are affected; HMV plans to move them to its two other London stores or head office and is seeking a new West End site (BBC, 12 Oct 2026). — Source: https://www.bbc.co.uk/news/articles/cjzxl7ee4e9xo

tag:eurotrack.ai,2026:962b5a5f:en 2026-10-07T06:00:00Z

Wittington Investments, the holding company of Canada's Weston family, is buying the Boots pharmacy and health and beauty chain in the UK and Ireland from Sycamore Partners and the family of Stefano Pessina for US$8.9bn including debt; Fairfax Financial is to hold about half of the equity. Closing is expected in Q1 2027 (Personal Care Insights, 7 October 2026; second source: ITV News, 7 October 2026). — Sources: https://www.personalcareinsights.com/news/boots-sold-wittington-investments.html · https://www.itv.com/news/2026-10-07/boots-to-be-bought-by-canadas-weston-family-for-67bn

tag:eurotrack.ai,2026:3abcda4e:en 2026-10-07T06:00:00Z

Royal Mail is removing up to 2,500 head office and support roles by the end of 2027, fewer than 2% of its more than 131,000 staff. There are to be no compulsory redundancies: the reduction is meant to come from natural attrition and a voluntary programme, and delivery, processing and driving roles are exempt. The company points to its implementation of Universal Service reform and to letter volumes down by more than 70% from their peak; formal consultation with the CWU and Unite CMA unions has begun. Royal Mail is part of International Distribution Services (Personnel Today, 7 Oct 2026; second source: Reuters, 7 Oct 2026). — Sources: https://www.personneltoday.com/hr/royal-mail-plans-to-cut-2500-jobs-as-part-of-transformation/ · https://www.globalbankingandfinance.com/uks-royal-mail-plans-cut-up-2-500-jobs-end-2027/

tag:eurotrack.ai,2026:c7b2c2dc:en 2026-09-30T06:00:00Z

At around 1,000 MW the campus would be larger than any data centre site operating in the world today; critics point to the power grid, the landscape and land take. The application came a few weeks after the Scottish government pledged not to take decisions on hyperscale data centres until national guidance is in place (BBC, 30.09.2026; second source: Resultsense, 30.09.2026). — Sources: https://www.bbc.co.uk/news/articles/c3ew9vdknv1wo · https://www.resultsense.com/news/2026-09-30-chapelcross-data-centre-application/

tag:eurotrack.ai,2026:9a362deb:en 2026-09-30T06:00:00Z

British bakery chain Greggs plans to reshape its manufacturing over two and a half years, ending production at Enfield (Greater London), North Lakes near Penrith, Pettigrews in Kelso and Seaham (County Durham), with about 740 jobs at risk. Enfield and Treforest (Wales) would remain only as distribution centres, while product ranges shrink in Glasgow and Manchester; the overhaul is put at about £60m and is meant to save roughly £20m across the 2028 and 2029 financial years. Consultations with staff and unions are starting, Greggs says no final decisions have been taken, and its shops are not affected (PA/Enfield Independent, 30 Sep 2026; second source: Bdaily, 30 Sep 2026). — Sources: https://www.enfieldindependent.co.uk/news/national/26593100.greggs-axe-around-740-jobs-shut-four-factories/ · https://bdaily.co.uk/articles/2026/09/30/greggs-to-axe-around-740-jobs-and-shut-four-factories

tag:eurotrack.ai,2026:2cb2874c:en 2026-09-29T06:00:00Z

The Department for Transport has published an update on the set-up of Great British Railways based on the Railways Bill: GBR is to become a state-owned company based in Derby that runs passenger services in England and at the same time maintains track, stations and depots, as Network Rail does today; the build-up is to be complete by 2028. The Department for Transport becomes sole shareholder and main funder, GBR decides on access rights and track charges for other operators, and the ORR, as a statutorily strengthened appeal body, can send decisions back or replace them. For Scotland, closer integration of ScotRail and GBR or a joint company is envisaged, for Wales a separate Wales and Borders business unit working with Transport for Wales, and the department intends to publish a 30-year rail strategy shortly (LOK Report, 29 Sep 2026). — Sources: https://www.lok-report.de/news/europa/grossbritannien/grossbritannien-aktueller-stand-des-aufbaus-der-great-british-railways-gbr.html · https://www.gov.uk/government/publications/railways-bill

tag:eurotrack.ai,2026:d3f9336e:en 2026-09-27T06:00:00Z

The new Balgray station on the Neilston branch of the Cathcart Circle Lines in the south of Glasgow opened at the end of September 2026 after clearance by the rail regulator ORR. Network Rail planned and built the station for about GBP 18.3 million (EUR 21.3 million); the UK and Scottish governments each contributed GBP 7.87 million and East Renfrewshire Council GBP 2.56 million. It has two platforms linked by a step-free footbridge with lifts, plus shelters, cycle racks and a car park with 80 spaces and electric vehicle chargers. The first passenger trains called at Balgray on Sunday 27 September 2026 (LOK Report, 10 Sep 2026; East Renfrewshire News, 29 Sep 2026). — Sources: https://www.lok-report.de/news/europa/grossbritannien/grossbritannien-schottland-erhaelt-einen-neuen-bahnhof-im-grossraum-glasgow.html · https://www.orr.gov.uk/sites/default/files/2026-09/2026-09-02-network-rail-balgray-station-orr-authorisation-letter.pdf · https://www.eastrennews.co.uk/news/26590785.east-renfrewshires-first-new-train-station-nearly-100-years-opens/

tag:eurotrack.ai,2026:a4e5ffee:en 2026-09-26T06:00:00Z

Single-source report: according to Sky News, Brazilian digital bank Nubank is in early talks to buy UK neobank Monzo, with a price of £8bn to £10bn mentioned. Monzo has hired Morgan Stanley and Qatalyst as advisers and is also weighing a funding round at a valuation above £8bn; Nubank did not comment on speculation, Monzo declined to comment, and no formal offer has been made (Sky News via City AM, 26.09.2026). Update (30 Sep 2026): Nu Holdings, Nubank's parent, told the US Securities and Exchange Commission in a filing that, while it has great respect for Monzo, it is not pursuing a transaction with the bank; it said it does not usually comment on individual opportunities but was making an exception because of the media speculation, and that its capital allocation model is unchanged. The filing was signed by investor relations director Guilherme Souto. Bloomberg News had earlier reported that Monzo hired Morgan Stanley and the law firm Slaughter & May to assess a possible deal (Bloomberg Línea, 30 Sep 2026). — Sources: https://www.cityam.com/monzo-in-talks-over-10bn-sale-to-nubank-in-blow-to-ipo-hopes/ · https://www.bloomberglinea.com.br/2026/09/30/nubank-diz-que-nao-busca-compra-do-britanico-monzo-apos-relatos-de-negocio-de-ate-10-bi/

tag:eurotrack.ai,2026:7274828d:en 2026-09-25T06:00:00Z

On 25.09.2026 Genel Energy raised its offer for Capricorn Energy to USD 5.74 per share (USD 4.75 in cash plus a USD 0.99 special dividend), worth about USD 436m and roughly 10% above DNO's bid (entry b79f2fc4). Capricorn's board withdrew its recommendation of DNO with immediate effect and now backs Genel; irrevocable undertakings cover about 39.1% of the share capital. Egypt's competition authority has already approved the deal, and the scheme is expected to become effective in the fourth quarter of 2026 (Capricorn stock exchange announcement via Investegate, 25.09.2026). Update (19.10.2026): Capricorn confirmed on 16 Oct 2026 that the court meeting and general meeting for the DNO scheme were adjourned indefinitely; the DNO offer is thus moot and the higher Genel offer remains (AJ Bell/Alliance News, 16 Oct 2026). — Source: https://www.investegate.co.uk/announcement/rns/capricorn-energy--cne/increased-cash-offer-for-capricorn-by-genel-energy/9791073

tag:eurotrack.ai,2026:b4e9b43e:en 2026-09-25T06:00:00Z

British investor Attestor, Condor's majority owner since 2021, is also taking over the remaining 49% held by the German federal government and the state of Hesse via SG Luftfahrtgesellschaft, becoming sole owner; it is exercising an option agreed when it first invested, with completion scheduled for 31 August 2027. Condor had already repaid the state aid early in spring 2026 and aims to save €100m in each of the next two financial years through a cost programme; no price was disclosed (aeroTELEGRAPH, 25 September 2026; second source: Handelsblatt, 25 September 2026). — Source: https://www.aerotelegraph.com/airlines/attestor-uebernimmt-condor-vollstaendig-staat-steigt-aus/vq6kj1e

tag:eurotrack.ai,2026:6630c82d:en 2026-09-25T06:00:00Z

HUBER+SUHNER has signed an agreement to acquire the Connected Intelligence business of Motion Applied, a British provider of connectivity for mobile applications; completion depends on customary conditions and regulatory approvals. The Woking-based business, with about 45 employees, brings the Fleet Connect platform, which grew out of motorsport, and software know-how that fits HUBER+SUHNER's hardware range for rail communications (antennas, cable assemblies, switches, access points); the two have already worked together on projects with Deutsche Bahn, Amtrak, Network Rail and Avanti West Coast. The report gives no purchase price; after closing the business is to be carved out of Motion Applied and integrated into the transportation segment, and the date is the day of the report. (LOK Report, 25 Sep 2026) — Source: https://www.lok-report.de/news/deutschland/industrie/huber-suhner-akquisition-des-connected-intelligence-geschaefts-von-motion-applied-zur-erweiterung-des-angebots-fuer-bahnkommunikation.html

tag:eurotrack.ai,2026:73bd8fc3:en 2026-09-23T06:00:00Z

The UK's Co-operative Group confirmed job cuts on 23 Sep 2026 as part of the £200m cost-saving programme it launched this year, without saying how many of its roughly 54,000 staff are affected. Underlying pre-tax losses widened to £92m in the first half (to 4 Jul 2026); the business is still dealing with the fallout of the April 2025 cyber attack and a leadership overhaul (Irish News/PA, 23 Sep 2026). — Source: https://www.irishnews.com/news/uk/co-operative-reveals-jobs-being-cut-under-turnaround-as-losses-widen-W6QKDNFWCZNXTGOZ4X3LVLXT6M/

tag:eurotrack.ai,2026:e6594733:en 2026-09-23T06:00:00Z

London-based insurance and pensions group Legal & General told staff on 23 Sep 2026, in an email from CEO António Simões, that around 1,000 jobs will go by mid-2027 – roughly a tenth of its workforce of about 10,000, most of whom are in the UK. The process starts with voluntary departures, but compulsory redundancies are not ruled out depending on take-up; the company says its structures have become more complex than necessary over the years (Personnel Today, 24 Sep 2026; first reported by Bloomberg). — Source: https://www.personneltoday.com/hr/legal-general-to-cut-1000-roles-by-mid-2027/

tag:eurotrack.ai,2026:e8b5fe18:en 2026-09-22T06:00:00Z

UK cloud provider Civo plans to build 40 distributed edge data centres across the UK within three years, totalling around 1 GW and geared to AI inference rather than training. The first site, in Hertfordshire (8 MW, expandable to 38 MW), is due to open in 2027, and five more sites with 150 MW are secured; Civo gave no investment figure or job numbers (The Tech Capital, 22.09.2026). — Source: https://thetechcapital.com/civo-reveals-plans-for-40-site-distributed-data-centre-network-in-the-uk/

tag:eurotrack.ai,2026:54c1cb74:en 2026-09-22T06:00:00Z

On 22 Sep 2026 Microsoft began consulting staff on a proposed closure of Hellblade developer Ninja Theory in Cambridge after two separate agreements to sell the studio fell through; it said it would keep exploring other paths. The move is part of an Xbox restructuring with 268 job cuts in total, including at Halo Studios; the number affected at Ninja Theory was not disclosed (Push Square, Engadget, 22 Sep 2026). Update (5 Oct 2026): The first employees report redundancy or job loss on LinkedIn; official confirmation of the closure is still pending (VGC, 5 Oct 2026). — Sources: https://www.pushsquare.com/news/2026/09/microsoft-closing-hellblade-dev-ninja-theory-after-failed-buyout-talks · https://www.videogameschronicle.com/news/hellblade-studio-ninja-theory-has-started-laying-off-staff-following-xboxs-announcement-that-it-faces-closure/

tag:eurotrack.ai,2026:52156cd7:en 2026-09-22T06:00:00Z

Ineos is placing its three acetyls units at the Saltend site in Hull – according to the group the last world-scale plants of their kind in Europe – into standby until further notice; two units had already stopped production and the third was due to follow a few days later. Ineos blames gas prices it says are twelve times as high as in the US; in Hull gas serves both as an energy source and as a feedstock. According to Ineos, the plants support almost 4,000 skilled jobs in the Humberside region; the company did not give a number of directly affected employees (Ineos press release, 22.09.2026; second source: The Manufacturer, 23.09.2026). Update (20 October 2026): According to The Chemical Engineer, 245 employees at the Saltend site are directly affected and up to 755 more indirectly; there is no statement on a restart, permanent closure or redundancies (The Chemical Engineer, 23 Sep 2026). — Sources: https://www.ineos.com/news/shared-news/ineos-idles-europes-last-world-scale-acetyls-plant-as-energy-prices-hit-12-times-us-level/ · https://www.thechemicalengineer.com/news/humberside-engineers-distressed-as-ineos-suspends-uk-acetyl-production-over-high-gas-prices/

tag:eurotrack.ai,2026:cbf1238f:en 2026-09-21T06:00:00Z

Airbus is converting its former A380 wing facility at Broughton in North Wales into an A321 wing line at a cost of GBP 150 million: six production jigs, an equipping line and a paint shop; the first wing is already in production and all six jigs are due to be operational by the end of 2026. Around 480 additional jobs are being created during 2026, roughly 250 of them inside the refurbished building, on top of the site's some 6,000 employees. The background is the ramp-up towards rate 75 against a backlog of about 7,500 A320 Family aircraft, around 75 % of them A321s (Airbus press release, 21 Sept 2026). — Source: https://www.airbus.com/en/newsroom/press-releases/2026-09-airbus-invests-into-uk-manufacturing-to-support-global-production-ramp-up

tag:eurotrack.ai,2026:cb269f09:en 2026-09-18T06:00:00Z

Advertising platform Taboola made an offer on 18.09.2026 for London-based ad network Dianomi, which places ads for finance and business brands on premium news sites. About 64 pence per share is payable up front (roughly £19m); a performance-linked earn-out of up to 24 pence per share could lift the total value to £27m. Dianomi is to be folded into Taboola's Realize advertising platform; regulatory approvals are still required (MediaPost, 18.09.2026). — Source: https://www.mediapost.com/publications/article/418116/taboola-to-acquire-ad-tech-company-targeting-afflu.html

tag:eurotrack.ai,2026:ed737858:en 2026-09-16T06:00:00Z

Nissan is investing £170m in its Sunderland plant to build the B-segment Kicks SUV with e-Power hybrid drive for the European market for the first time; it will roll off the line alongside the Qashqai, Juke and Leaf as the tenth model built at Sunderland since 1986. No new-jobs figure was given; according to just-auto the plant directly employs around 6,000 people (Motor Trader, 16 Sep 2026; just-auto, 16 Sep 2026). — Source: https://www.motortrader.com/motor-trader-news/automotive-news/nissan-invests-179-in-sunderland-plant-to-build-b-segment-kicks-model-16-09-2026

tag:eurotrack.ai,2026:38e6a4f1:en 2026-09-16T06:00:00Z

Publisher Reach (Daily Mirror, Daily Express and regional titles such as the Manchester Evening News) plans to cut about 220 full-time editorial posts in the UK and Ireland while creating roughly 60 new roles in video and subscriptions, a net loss of around 160. The AberdeenLive, KentLive and GalwayBeo (Ireland) sites will close; Reach attributes the move to falling traffic caused by AI overviews and Google algorithm changes. The journalists' union NUJ strongly criticised the cuts (TheJournal.ie, 16.09.2026). — Source: https://www.thejournal.ie/galwaybeo-layoffs-7164491-Sep2026/

tag:eurotrack.ai,2026:d8360959:en 2026-09-11T06:00:00Z

Dutch private equity investor Main Capital Partners is acquiring the operating businesses of UK-listed Tribal Group plc (higher-education and public-sector software) for approximately £189.3 million (~€220m) in cash via special-purpose vehicle Thames Bidco Limited. Tribal's board unanimously rejected a competing 95p-per-share proposal from SilverTree; upon completion, expected in Q4 2026, Tribal intends to pursue a members' voluntary liquidation and distribute proceeds to shareholders. The businesses generated £92.5m revenue and £17.5m adjusted EBITDA in 2025 (source: Investegate/RNS, 11 Sep 2026). — Source: https://www.investegate.co.uk/announcement/rns/tribal-group--trb/proposed-acquisition-by-main-capital-partners/9768930

tag:eurotrack.ai,2026:81f890f0:en 2026-09-11T06:00:00Z

VTG signed a binding agreement on 11 September 2026 to sell all shares in British freight wagon lessor VTG Rail UK to the pension scheme Universities Superannuation Scheme (USS). The price is not disclosed; VTG began reviewing strategic options for the unit in early 2026 and, after a competitive process, wants to focus capital and management resources more on its wider European business. VTG Rail UK has a fleet of about 4,500 freight wagons; closing is due in the fourth quarter of 2026, no regulatory approvals are required, and Marc Hurn remains chief executive. (LOK Report, 11 Sep 2026) — Source: https://www.lok-report.de/news/deutschland/industrie/vtg-verbindliche-vereinbarung-zum-verkauf-von-vtg-rail-uk-an-das-universities-superannuation-scheme.html

tag:eurotrack.ai,2026:f3839208:en 2026-09-10T06:00:00Z

As part of the financial restructuring of Italian cartonboard maker Reno de Medici, UK investors M&G Investment Management and Arini Capital Management plan to take joint control, currently held by Apollo; the notification to the European Commission was published in the Official Journal on 10 September 2026 (EUWID, 23 September 2026). Update (25 September 2026): the European Commission cleared the deal as case M.12612 (European Commission, Daily News, 25 September 2026). — Sources: https://www.euwid-paper.com/news/companies/mg-and-arini-seek-control-of-reno-de-medici-230926/ · https://ec.europa.eu/commission/presscorner/detail/en/mex_26_1982

tag:eurotrack.ai,2026:25acc5c1:en 2026-09-10T06:00:00Z

LondonMetric Property and Schroder Real Estate Investment Trust (SREIT) had agreed on 31 July 2026 a recommended all-share offer (0.190 LondonMetric shares and 0.894 SREIT shares per Picton share, around GBP 404 million, a 7% premium) for Guernsey-based UK commercial property fund Picton Property Income. After 95.2% shareholder approval at the court and general meetings on 2 September 2026, the scheme of arrangement became effective on 10 September 2026; settlement is expected by 24 September 2026 at the latest. The July agreement had not been recorded in the tracker. — Source: https://www.investegate.co.uk/announcement/rns/londonmetric-property--lmp/scheme-of-arrangement-becomes-effective/9765569

tag:eurotrack.ai,2026:3f76158d:en 2026-09-10T06:00:00Z

US private equity firm Accel-KKR is acquiring UK-listed Eleco plc (Elecosoft brand, construction software) for 235 pence per share in cash via special-purpose vehicle Avocet Bidco Limited, valuing the company at approximately £207.6 million (~€240m) on a fully diluted basis. Eleco's board unanimously recommends the offer; shareholders representing 45.2% of shares have already given irrevocable undertakings (source: Investegate/RNS, 10 Sep 2026). — Source: https://www.investegate.co.uk/announcement/rns/elecosoft-public-limited-company--elco/accel-kkr-recommended-cash-offer-for-eleco-plc/9764451

tag:eurotrack.ai,2026:5a624954:en 2026-09-09T06:00:00Z

Reported stage (consistently by London Loves Business and Eastern Eye, 9 September 2026; no McLaren release found): McLaren Automotive announced a GBP 450 million investment in its Woking technology centre expected to create around 1,000 new jobs (direct, indirect and agency) — roughly a 40% increase on today's workforce of about 2,500. The investment is part of a product offensive under new majority owner CYVN Holdings (Abu Dhabi), which had previously pledged USD 2 billion over five years for the turnaround. Update (16.09.2026): The investment was officially confirmed at a larger scale: McLaren cites around £500m to 2032 for vehicle assembly, its first in-house engine manufacturing in the UK and an expansion of the Composites Technology Centre in South Yorkshire, alongside its Woking site and a new UK factory whose location is still open; around 1,000 jobs are to be created by 2032 (London Loves Business, 16.09.2026: https://londonlovesbusiness.com/mclaren-plans-500m-uk-investment-and-1000-jobs-in-industrial-expansion/). — Source: https://londonlovesbusiness.com/mclaren-plans-450m-woking-technology-centre-in-1000-job-expansion/

tag:eurotrack.ai,2026:3128daa6:en 2026-09-09T06:00:00Z

Publicly owned, advertising-funded British broadcaster Channel 4 announced on 9 September 2026 that it will cut 340 jobs by the end of 2026 — about 28% of its roughly 1,270-strong workforce and the deepest cut in the broadcaster's 43-year history. CEO Priya Dogra cited reducing management layers and duplication; a formal consultation process is beginning (Deadline, 9 September 2026). — Source: https://www.thebusinessdesk.com/yorkshire/news/2159881-channel-4-confirms-it-will-shed-340-jobs-by-end-of-2026

tag:eurotrack.ai,2026:f4de9cb6:en 2026-09-09T06:00:00Z

Betting operator bet365 plans to cut about 340 jobs, around 3% of its global workforce: about 300 at its Stoke-on-Trent headquarters and about 40 across its Malta and Gibraltar sites combined. A voluntary redundancy programme comes first before compulsory redundancies are considered; the company cites a highly competitive environment and higher regulatory and tax costs. Since April 2026 the UK tax on online casino games has been 40% instead of 21% (iGamingCapital, 9 Sep 2026). — Source: https://igamingcapital.mt/bet365-to-cut-340-jobs-acros-malta-gibraltar-and-uk-in-major-restructuring/

tag:eurotrack.ai,2026:2c049660:en 2026-09-08T06:00:00Z

Transport Secretary Heidi Alexander has presented her vision for rail freight under Great British Railways: by 2040 volumes in the country are to grow by at least 40%, a first milestone on the way to growth of at least 75% by 2050. The value of goods moved by rail freight is currently almost GBP 34 billion (approx. EUR 40 billion) a year and the target is meant to add about GBP 15 billion (EUR 17.5 billion); Network Rail estimates that rail freight of construction materials could rise by 45%. According to the report, the Railways Bill that creates GBR is entering committee stage in the House of Lords and is to give GBR strategic oversight of network access and two duties to promote freight growth; a dedicated board member will be responsible for freight (LOK Report, 16 Sep 2026; second source: GOV.UK, 8 Sep 2026). — Sources: https://www.lok-report.de/news/europa/grossbritannien/grossbritannien-die-britische-regierung-will-den-gueterverkehr-auf-der-schiene-verstaerken-und-somit-das-wirtschaftswachstum-steigern.html · https://www.gov.uk/government/news/great-british-railways-sets-course-for-rail-freight-growth

tag:eurotrack.ai,2026:bdb87d3b:en 2026-09-07T06:00:00Z

On 7/8 September 2026 JLR announced it will cut up to 4,000 jobs over two years through a voluntary redundancy programme aimed mainly at its roughly 26,000 salaried and management staff. The aim is GBP 1.7 billion in savings and a lower break-even of 300,000 vehicles; the group cites Chinese competition, tariffs and the lingering effects of the 2025 cyberattack. The UK government announced a meeting between the business secretary and JLR's leadership (ITV, 7 September 2026). Definitive entry; the 30 July 2026 announcement ('several hundred jobs', entry 095cc18e) is treated as an earlier stage of the same programme and no longer carries a figure. Addition (source dated 7 Sept 2026): The cuts correspond to around 9% of the roughly 43,000 staff worldwide and are expected to fall mainly on the UK head office; according to the company, manufacturing staff are not included in the programme (What Car?, 7 Sept 2026). — Source: https://www.wardsauto.com/news/jlr-confirms-4000-job-cuts-citing-significant-challenges/829753/

tag:eurotrack.ai,2026:8778ee1c:en 2026-09-02T06:00:00Z

Morrisons told staff on 2 September 2026 that a further roughly 86 roles at its Bradford head office are at risk — part of an ongoing restructuring under which CEO Rami Baitiéh aims to deliver GBP 940 million in savings over three years. Only months earlier Morrisons had put around 200 roles at its Hilmore House headquarters at risk; the latest proposals are still subject to consultation. — Source: https://www.grocerygazette.co.uk/2026/09/02/morrisons-puts-further-80-plus-head-office-jobs-at-risk/

tag:eurotrack.ai,2026:b79f2fc4:en 2026-09-01T06:00:00Z

Norwegian oil and gas producer DNO announced on 1 September 2026 a cash offer recommended by the Capricorn board for Edinburgh-based Capricorn Energy: USD 4.224 per share in cash plus a USD 0.99 special dividend, together USD 5.214 (about 384 pence) per share or an equity value of around USD 396 million — a 45% premium to the undisturbed share price. DNO thereby outbids Genel Energy's July offer (USD 4.74 per share, about USD 360 million) and gains entry to Egypt's upstream sector through Capricorn's production interests (Offshore Technology, 1 September 2026). Update (17 Sep 2026): On 17 September 2026 DNO and Capricorn agreed a revised offer structure: instead of $4.224 in cash plus a planned $0.99 special dividend, DNO Bidco pays the full $5.214 per share (about 388p) in cash, and the special dividend falls away. The total value of around $396m is unchanged, and the Capricorn board intends to recommend the revised offer unanimously (AskTraders, 17 Sep 2026). Update (21 Sept 2026): Capricorn Energy published the scheme document for the acquisition by DNO Bidco on 21 September 2026, meeting the UK Takeover Code's 28-day deadline following the 1 September 2026 announcement. The dates of the Court Meeting and General Meeting, and the scheme's effective date, are set out in the offer document and were not stated in the announcement (GlobeNewswire via MENAFN, 21 Sept 2026). Update (25.09.2026): Genel Energy raised its offer to USD 5.74 per share (about USD 436m); Capricorn's board withdrew its recommendation of DNO and now recommends Genel. The DNO offer has not lapsed; the relevant amount is carried by follow-up entry 7274828d (Capricorn stock exchange announcement via Investegate, 25.09.2026). Update (28.09.2026): DNO declared the terms of its USD 5.214 per share cash offer final — it ruled out raising it in response to Genel's USD 5.74 and will not switch to a contractual takeover offer. DNO therefore remains below the Genel offer, which Capricorn's board recommends (follow-up entry 7274828d) (ADVFN, 28.09.2026: https://uk.advfn.com/market-news/article/23609/capricorn-energy-shares-fall-as-dno-declares-5-214-offer-final). — Source: https://www.dno.no/en/investors/announcements/recommended-cash-acquisition-of-capricorn-energy-plc-2026-09-01/

tag:eurotrack.ai,2026:1859a865:en 2026-09-01T06:00:00Z

The board of British unified-communications provider Gamma Communications agreed on 1 September 2026 to a recommended cash offer of 1,120 pence per share (a 53% premium to the pre-offer-period price) from private equity firm Epiris (via acquisition vehicle Bradbury Bidco), valuing the company at around GBP 1.08 billion. On 22 August 2026 Gamma had already confirmed it was also in talks with Dutch private equity firm Waterland over a rival, higher offer; Waterland must announce a firm offer or walk away by 18 September 2026. Completion of the Epiris offer is expected in H1 2027. Update (11 September 2026): On 11 September 2026 Waterland announced that it is no longer acting in concert with the Giacom Group in relation to a possible acquisition of Gamma; Waterland continues to consider its own interest, with no certainty that an offer will be made. The Takeover Panel will announce separately the deadline by which Waterland must clarify its position (RNS via Investegate, 11 September 2026). Update (1 Oct 2026): Waterland has withdrawn from the bidding race and states that it will not make an offer; Epiris remains the only bidder (Alliance News via AJ Bell, 1 Oct 2026). — Sources: https://www.investegate.co.uk/announcement/rns/gamma-communications--gama/offer-for-gamma-communications-plc/9747182 · https://www.ajbell.co.uk/news/articles/waterland-rules-out-gamma-offer-clearing-way-epiris-takeover

tag:eurotrack.ai,2026:82d596f3:en 2026-09-01T06:00:00Z

US investment firm Veritas Capital agreed on 1 September 2026 with the board of UK thermal-processing specialist Bodycote plc on a recommended cash offer of 940 pence per share (equity value approx. £1.65bn, enterprise value approx. £1.85bn). Bodycote operates around 130 facilities in 22 countries providing heat-treatment/thermal-processing services to aerospace, automotive, energy and industrial customers; Veritas prevailed over rival bidders Apollo and CVC (Bloomberg, Yahoo Finance/Reuters, 1 September 2026). (Bloomberg, 1 September 2026; Yahoo Finance/Reuters.) — Sources: https://uk.finance.yahoo.com/news/bodycote-backs-1-65-billion-063100871.html · https://www.bloomberg.com/news/articles/2026-09-01/veritas-capital-agrees-to-buy-uk-s-bodycote-for-1-65-billion

tag:eurotrack.ai,2026:4b54cdcf:en 2026-08-24T06:00:00Z

Announced 24 August 2026; independent review led by industry expert Jerry Schurder, call for evidence closes 16 October 2026, final report due 31 March 2027, implementation targeted for the next revaluation in 2029. — Source: https://www.gov.uk/government/news/treasury-to-call-time-on-uncertainty-for-pubs-and-hotels

tag:eurotrack.ai,2026:312a5484:en 2026-08-20T06:00:00Z

The UK Competition and Markets Authority had been reviewing Danone Holdings (UK)'s planned acquisition of British nutrition brand Huel (meal-replacement products) since 27 May 2026, launched a formal phase 1 investigation on 15 July 2026 and cleared the deal unconditionally on 20 August 2026 (full decision published 25 August 2026). The purchase price was not disclosed. — Source: https://www.gov.uk/cma-cases/danone-slash-huel-merger-inquiry

tag:eurotrack.ai,2026:d422c5e7:en 2026-08-17T06:00:00Z

On 13 August 2026 the regulator ORR decided to pre-approve a new framework agreement on track access between HS1 Limited and Virgin Trains, and announced this on 17 August 2026. It allows Virgin to run up to 20 additional daily return services between London and Paris, Brussels or Amsterdam from 1 October 2030 to 31 December 2040, ending Eurostar's monopoly that has existed since the tunnel opened in 1994, while the tunnel runs at only half capacity. The parties can conclude the agreement by 4 September 2026; Virgin must also obtain trains, secure access to further networks and win safety clearances from the ORR and EU authorities, and an order for twelve Avelia trains from Alstom is, according to the report, close to being finalised. In October 2025 the ORR had already approved access to the Temple Mills International depot (LOK Report, 17 Aug 2026). — Sources: https://www.lok-report.de/news/europa/grossbritannien/grossbritannien-gruenes-licht-fuer-internationale-verbindungen-von-virgin-trains.html · https://www.orr.gov.uk/media/28663

tag:eurotrack.ai,2026:0afccf0a:en 2026-08-13T06:00:00Z

Vossloh has completed its takeover of LiDAR specialist Cordel: after court approval and the earlier consent of Cordel's shareholders, the transaction has been deemed closed since 13 August 2026. Cordel uses train-mounted laser scanners to create 3D scans that AI analyses to spot problems such as uneven ballast or obstacles along the line early, and its customers are rail operators in the UK, the Middle East, North America and Australia. Vossloh paid about GBP 29 million (roughly EUR 33 million) and is funding its digital expansion partly through a EUR 250 million hybrid bond issued early this year; the article does not say when the original offer was made, and the date is the closing day. (LOK Report, 14 Aug 2026) — Source: https://www.lok-report.de/news/deutschland/industrie/vossloh-uebernahme-von-cordel-formell-vollzogen.html

tag:eurotrack.ai,2026:1ba48708:en 2026-08-10T06:00:00Z

Single-source reported stage (Bloomberg, 10 August 2026, relayed by Reuters/ESM): British tobacco group Imperial Brands (Winston, Rizla) is preparing job cuts running into the thousands across its key markets, including the US and Europe. The first phase affects human resources, finance and procurement and supply chain staff at US unit ITG Brands (covering the US, the Dominican Republic and Puerto Rico); the second phase is to hit legal, marketing and insights and intelligence, with those affected notified in April and cuts starting mid-year. A company spokesperson confirmed that the changes would, over time, have an impact across the group's global market footprint, but gave no numbers. Imperial Brands employed around 25,800 people worldwide at the end of 2025; the share fell 5.3% to 2,643 pence on 10 August 2026. How many roles are affected in Europe remains open. — Source: https://www.esmmagazine.com/a-brands/imperial-brands-to-cut-thousands-of-jobs-in-us-and-europe-bloomberg-news-reports-318921