All entries located in Greater London (United Kingdom), newest first. tag:eurotrack.ai,2026:en:en/regions/greater-london 2026-10-22T06:00:00Z Eurotrack 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,2026:091f54f9: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,2026:6592ab00: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,2026:9a362deb: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: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: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: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,2026:25acc5c1: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,2026:3128daa6: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,2026:0afccf0a: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:ec12d74e:en 2026-08-06T06:00:00Z

Single-source reporting (Retail Gazette, 6 August 2026, based on an HR1 filing and an insider source): H&M plans around 250 job cuts across its UK office sites between October and December 2026, including Oxford Street, Regent Street, Manchester and Glasgow. The stated reason is overlapping responsibilities rather than financial difficulty; H&M has not confirmed the plans. Update (7 August 2026): H&M has officially confirmed the reorganisation — around 250 employees at its UK support offices were informed about a proposed reorganisation and consultation process, and the consultation is already under way. The company stresses that the figure of 250 refers to the employees informed and not necessarily to the number of roles that will ultimately be cut; H&M has not yet given a redundancy figure. Source of the confirmation: TheIndustry.fashion, 7 August 2026. — Source: https://www.retailgazette.co.uk/blog/2026/08/hm-job-cut-head-office/

tag:eurotrack.ai,2026:4f6c4fcb:en 2026-07-22T06:00:00Z

US logistics real estate group Prologis raised its offer for Segro, the UK's largest listed commercial property company, by 9.5% on 22 July 2026 to a 'best and final' exchange ratio of 0.0920 Prologis shares per Segro share plus a cash alternative of up to £3.5bn (fixed at 1,031.7 pence per share) — a premium of around 45% to Segro's 23 June closing price. Segro's board unanimously signalled it is 'minded to recommend'; a firm intention announcement from Prologis is still outstanding, and the UK Takeover Panel extended the deadline for it to 12 August 2026. Additional sources: The Real Deal, Yahoo Finance. Update (4 August 2026): The declaration of intent has become a firm offer — Prologis and the Segro board agreed the terms of a recommended acquisition valuing Segro at around $18.8 billion. Segro shareholders receive 0.0920 new Prologis shares per Segro share, with a partial cash alternative. The combination would create a European portfolio of 368 million square feet (+47% for Prologis in Europe) with roughly $269 billion of combined assets under management; Prologis is also seeking a secondary listing on the London Stock Exchange (source: Prologis announcement via PR Newswire). Update (28 Sep 2026): Segro shareholders approved the scheme of arrangement, with 98.12% of scheme shares voted at the Court Meeting and 98.14% at the General Meeting in favour of the special resolution. Court sanction and the remaining conditions are still outstanding; completion is still expected in H1 2027 (Segro announcement, 28 Sep 2026). — Sources: https://kfgo.com/2026/07/22/prologis-tables-18-8-billion-takeover-proposal-for-uks-segro/ · https://www.prnewswire.com/news-releases/prologis-announces-recommended-acquisition-of-segro-plc-302842042.html · https://www.investegate.co.uk/announcement/rns/segro--sgro/results-of-court-and-general-meetings/9794390

tag:eurotrack.ai,2026:54cee589:en 2026-07-21T06:00:00Z

UK facilities services group OCS agreed on 21 July 2026 with the board of FTSE 250 rival Mitie (about 84,000 employees, revenue £5.6 billion in the year to March 2026) a recommended cash acquisition at 218.5p per share plus a final dividend of up to 3.1p — equity value about £3.1 billion, a 46.8% premium. Completion expected in the first quarter of 2027, followed by delisting; the combined business would have about £8.5 billion in annual revenue (RNS/Investegate, 21 July 2026; Yahoo Finance/Reuters). Note: the transaction had not previously been recorded in the tracker. — Source: https://www.investegate.co.uk/announcement/rns/mitie-group--mto/recommended-cash-acquisition-of-mitie-group-plc/9678464

tag:eurotrack.ai,2026:ab0107f5:en 2026-07-18T06:00:00Z

UAE telecoms group e& transferred its 16.21% stake in Vodafone on 18 July 2026 for $5.95bn (110.5 pence per share) to Vega, the investment vehicle of Iliad owner Xavier Niel, making Niel Vodafone's largest single shareholder. Completion ended the e&–Vodafone cooperation agreement and e&'s board representative resigned. e& had built the stake in 2022 for around £3.3bn (net cash inflow of roughly $1.3bn). Second source: RCR Wireless (initial announcement 10 July). — Source: https://www.boerse-express.com/news/articles/vodafone-aktie-niel-deal-am-18-juli-abgeschlossen-929577

tag:eurotrack.ai,2026:6f15ead7:en 2026-07-16T06:00:00Z

Reported (first by Bloomberg, 16 July): betting group Entain (Ladbrokes, Coral, bwin) is cutting around 500 jobs worldwide, about 2% of its workforce, mainly in product, technology and corporate functions. The cuts are driven by higher UK gambling taxes and growing competition from prediction markets. — Source: https://www.pressdigital.es/articulo/economia/2026-07-16/5956250-propietaria-ladbrokes-bwin-entain-recorta-500-puestos-trabajo

tag:eurotrack.ai,2026:7f289e90:en 2026-07-15T06:00:00Z

UK pharma group GSK completed its acquisition of US oncology specialist Nuvalent on 15 July (equity value approx. $10.6bn, approx. $9.4bn net of cash). GSK gains three lung-cancer assets, two of them under FDA review (PDUFA dates September/November 2026). Source is the SEC 6-K filing; second source: Investing.com. — Source: https://www.sec.gov/Archives/edgar/data/0001131399/000165495426006663/a5060m.htm

tag:eurotrack.ai,2026:a42c8b4b:en 2026-07-13T06:00:00Z

Media reports (Reuters/Bloomberg, 13 July): The UK's largest Rolex retailer has held talks in recent months about a potential take-private with private-equity and strategic bidders; no formal offer has been made. The company is reportedly seeking significantly more than £7.50 per share; the shares surged on the report. — Source: https://www.bloomberg.com/news/articles/2026-07-13/top-uk-rolex-seller-surges-after-report-of-takeover-offers

tag:eurotrack.ai,2026:01840c90:en 2026-07-09T06:00:00Z

KPMG UK is cutting around 200 jobs in Group Corporate Services (about 10 percent of central functions such as HR, marketing, IT and procurement). The background is the integration of the UK and Swiss business as well as offshoring; more than 500 jobs had already been cut in early 2026. — Source: https://www.cityam.com/exclusive-big-four-giant-kpmg-to-cut-more-jobs/

tag:eurotrack.ai,2026:21c54b53:en 2026-07-06T06:00:00Z

Sky is acquiring ITV's broadcasting and streaming business (including ITVX); ITV Studios is not part of the deal. In return, Sky is selling Love Productions to ITV for GBP 200 million. Subject to shareholder and regulatory approvals; the aim is to create the UK's largest commercial broadcaster. Update (23 July 2026): The UK Competition and Markets Authority published an invitation to comment on the transaction — the first formal procedural step. The CMA explicitly stresses that this does not yet open a formal Phase 1 investigation. The comment period closes on 6 August 2026. — Source: https://www.euronews.com/business/2026/07/06/sky-agrees-to-buy-british-broadcaster-itv-for-up-to-16-billion

tag:eurotrack.ai,2026:5bcf7c80:en 2026-07-06T06:00:00Z

The TV channel GB News plans to cut up to 90 jobs, around a third of its roughly 260 employees; editorial, technical and HR staff are affected. The cuts are attributed to automated workflows, and prominent presenters are exempt. Reportedly according to Press Gazette/Sunday Times. — Source: https://pressgazette.co.uk/news/journalism-job-cuts-in-2026-updates/

tag:eurotrack.ai,2026:95c026f6:en 2026-06-29T06:00:00Z

BAT is cutting or relocating around 9,000 jobs worldwide: about 5,500 cuts and 3,500 relocations to partners such as Accenture. The AI-driven 'Fit2Win' programme is intended to save around £600 mn per year by the end of 2028; US employees are exempt. — Source: https://www.retailgazette.co.uk/blog/2026/06/british-american-tobacco-to-cut-9000-jobs-in-ai-led-overhaul/

tag:eurotrack.ai,2026:e3a532bd:en 2026-06-18T06:00:00Z

Swedish investor EQT (EQT X funds) agreed on 18 June 2026 with the board of UK testing and certification group Intertek (Total Quality Assurance, 100+ countries) a recommended final cash offer of £60 per share plus the 107.7p final dividend — equity value about £9.3 billion (£9.5 billion incl. dividend), enterprise value about £10.7–10.9 billion. To be implemented via a court-sanctioned scheme of arrangement, completion expected in Q4 2026 or Q1 2027 (RNS/Investegate, 18 June 2026; Yahoo Finance/Reuters). Note: the transaction had not previously been recorded in the tracker. — Source: https://www.investegate.co.uk/announcement/rns/intertek-group--itrk/recommended-final-cash-offer/9625392

tag:eurotrack.ai,2026:7c8beb38:en 2026-05-19T06:00:00Z

The London-based major bank plans to cut more than 7,800 jobs through AI automation by 2030, over 15 percent of the group's functions. Back-office sites in India, Malaysia, Poland and China are primarily affected; CEO Winters' phrase 'lower-value human capital' drew criticism. — Source: https://www.bankingdive.com/news/standard-chartered-7800-job-cuts-ai-winters/820627/

tag:eurotrack.ai,2026:f1312d9e:en 2026-05-05T06:00:00Z

Vodafone is buying CK Hutchison out of the VodafoneThree joint venture and will become sole owner of the UK's largest mobile operator (over 28 million customers). Completion subject to UK security review expected in H2 2026. Update (3 Aug 2026): Vodafone has completed the purchase of CK Hutchison's 49% stake for GBP 4.3bn and now owns 100% of VodafoneThree; it was funded from existing cash (Advanced Television, 3 Aug 2026). — Sources: https://www.telecoms.com/communications-service-provider/vodafone-buys-ck-hutchison-out-of-uk-jv-for-4-3-billion · https://www.advanced-television.com/2026/08/03/vodafone-completes-vodafonethree-buyout/

tag:eurotrack.ai,2026:15d68f5c:en 2026-04-15T06:00:00Z

The public broadcaster plans to cut up to 2,000 of 21,500 jobs, the largest cuts in over a decade. The goal is savings of £500 mn over two years, initially via a voluntary programme. — Source: https://deadline.com/2026/04/bbc-plans-2000-layoffs-1236861376/

tag:eurotrack.ai,2026:15f4b3b2:en 2026-03-17T06:00:00Z

Around 600 jobs in the UK and Ireland, about a fifth of the workforce. The background is the car-loan commission scandal with high FCA compensation provisions and a savings programme of £85 mn per year. — Source: https://www.cityam.com/close-brothers-to-axe-fifth-of-jobs-after-motor-finance-wipeout-warning/