MCKS.L Share News (MCKS)

IN BRIEF: McKay Securities completes sale of office freehold

McKay Securities PLC - South East and London-focused office property investor - On last day of public trading before the takeover by Workspace Group PLC on Friday, completes sale of freehold interest of Great Brighams Mead office building in Reading town centre to King's Oak for GBP19.0 million, at a premium of 21% to September 30 book value.

IN BRIEF: Workspace takeover of McKay Securities set to occur Friday

Workspace Group PLC - London-based real estate investment trust - and McKay Securities PLC - South East and London-focused office property investor - Announce the acquisition of McKay by Workspace has been sanctioned by the High Court in the UK. McKay shares are expected to be suspended on Friday, with Thursday being the last day of trading. The cash-and-shares takeover offer of GBP272 million for McKay was approved by shareholders at both companies last Wednesday.

UK shareholder meetings calendar - next 7 days

TRADING UPDATES: McKay backs Workspace offer; IOG fixes Blythe fault

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Slate drops out of McKay Securities bidding

(Sharecast News) - McKay Securities said it would press ahead with its planned sale to Workspace after Slate Asset Management decided not to bid for the commercial property group.

No offer for McKay Securities from Canadian private equity firm

(Alliance News) McKay Securities PLC suitor Slate Asset Management LP on Tuesday said it does not intend to make an offer for the property firm.

McKay Securities gets approach for possible offer from Slate

(Sharecast News) - Commercial property investment company McKay Securities said on Friday that it has received a request from Slate Asset Management for access to due diligence so it can consider making a possible offer for the business.

McKay Securities gets approach for possible competing takeover offer

(Alliance News) - Workspace Group PLC may face a rival acquisition offer for fellow property firm McKay Securities PLC from a Canadian private equity firm.

LONDON MARKET OPEN: Europe rises but Barclays keeps lid on FTSE gains

(Alliance News) - Stocks in Europe made a confident start to trading on Tuesday, with markets cautiously optimistic as a new round of peace talks between Russia and Ukraine get underway in Istanbul.

LONDON BRIEFING: SSE raises annual guidance despite weak wind power

(Alliance News) - Electricity utility SSE on Tuesday lifted annual guidance and said it does not have any supply pacts with Russian counterparts.

CORRECT: SMALL-CAP WINNERS & LOSERS: McKay Securities surges on offer

(Correcting 2020 revenue figure for Foxtons.)

LONDON MARKET MIDDAY: Stocks up as oil rises; Powell heads to Congress

(Alliance News) - Stock prices in London were higher at midday on Wednesday as the FTSE 100's oil majors benefit from higher crude prices which have soared following Russia's invasion of Ukraine and the West's response.

SMALL-CAP WINNERS & LOSERS: McKay Securities surges on Workspace offer

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

Workspace to buy McKay Securities in £272m deal

(Sharecast News) - Office space provider Workspace has agreed to buy commercial property investment company McKay Securities for £272m.

LONDON MARKET OPEN: Stocks rise as higher oil prices lift BP and Shell

(Alliance News) - Stock prices opened higher on Wednesday as surging oil prices lifted Shell and BP and investors continued to monitor the disturbing battle between Russia and Ukraine.