NEX.L Share News (NEX)

IN BRIEF: FirstGroup considers takeover offer from I Squared Capital

FirstGroup PLC - Aberdeen, Scotland-based transport provider - Receives "series of unsolicited, conditional proposals" to be acquired by I Squared Capital Advisors (UK) LLP. Says considering latest approach, received Wednesday evening, for 118 pence per share in cash, plus 45.6p more contingent on the proceeds of FirstGroup's recent disposals of First Transit and Greyhound. The 163.60p total offer is a 38% premium to Wednesday's close. Previous approaches all were unanimously rejected by the board, FirstGroup says.

IN BRIEF: Pan-European's bid for Stagecoach becomes unconditional

Stagecoach Group PLC - Perth, Scotland-based transport provider - Pan-European Infrastructure III SCSp, an infrastructure fund managed by DWS Infrastructure, receives acceptances from 363.9 million shares in Stagecoach, reflecting a 66% interest in the company, clearing all conditions for its GBP594.9 million bid and making the offer unconditional.

National Express says Stagecoach offer now final

(Sharecast News) - National Express on Monday said it would not lift its offer for fellow transport operator Stagecoach.

IN BRIEF: National Express refuses to raise offer for peer Stagecoach

Stagecoach Group PLC - Perth, Scotland-based transport provider - National Express Group PLC confirms it will not raise the takeover offer for public transport peer Stagecoach that it made back in March. National Express says it believes its all-share combination with Stagecoach remains the better deal for Stagecoach shareholders, after being spurned for a cash offer from a fund managed by DWS Infrastructure. National Express notes its offer of a 0.36-times share exchange ratio currently values each Stagecoach share at 90 pence, which is below the DWS offer of 105p in cash. However, when including synergies, this rises to about 113p, a 7.6% premium. "National Express therefore considers the terms of its proposal to be full and fair and has decided that the terms will not be increased and are now final," it says.

LONDON MARKET OPEN: China data slump sends European stocks lower

(Alliance News) - Stocks in Europe opened the new trading week with a cloud hanging over them after disappointing economic data from China showed its zero-Covid policy threatens global economic growth.

LONDON MARKET PRE-OPEN: Ryanair loss narrows; Plus500 trading strong

(Alliance News) - The FTSE 100 looks set to start the new trading week on the back foot, following less than stellar data in China on Monday that showed the fallout from the country's zero-Covid policy.

UPDATE: DWS fund lowers acceptance condition for Stagecoach offer

Stagecoach Group PLC - Perth, Scotland-based transport provider - Bidder lowers the acceptance condition for its agreed takeover offer to 50% from 75%. Pan-European Infrastructure III SCSp, an infrastructure fund managed by DWS Infrastructure, has acceptances for its offer representing 30% of Stagecoach shares, unchanged from recent announcements. DWS decided to reduce the acceptance condition in order to provide more certainty to Stagecoach shareholders, as the deal is more likely to complete as a result, a spokesperson explains.

IN BRIEF: DWS fund lowers acceptance condition for Stagecoach offer

Stagecoach Group PLC - Perth, Scotland-based transport provider - Bidder lowers the acceptance condition for its agreed takeover offer to 50% from 75%. Pan-European Infrastructure III SCSp, an infrastructure fund managed by DWS Infrastructure, gives no reason for the decision. It says it has acceptances for its offer representing 27.5% of Stagecoach shares, essentially unchanged from recent announcements.

UK shareholder meetings calendar - next 7 days

Premier Inn owner Whitbread resumes dividend as UK recovery builds

April 28 (Reuters) - Premier Inn owner Whitbread resumed dividends on Thursday and said profit at its UK business could return to pre-pandemic levels this year despite inflationary pressures.

LONDON MARKET CLOSE: Stocks mixed as dour US open sours sentiment

(Alliance News) - Stocks in London ended mixed on Tuesday as earlier gains faded after US equity markets fell sharply at the open, while heavyweight oil majors helped keep the FTSE 100 in the green.

LONDON MARKET MIDDAY: Europe regains poise as eyes turn to US tech

(Alliance News) - European equities were enjoying a better day on Tuesday, with markets enjoying some respite after two successive days of sell-offs.

SMALL-CAP WINNERS & LOSERS: National Express lifts transport providers

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

TOP NEWS: National Express shares up as March revenue beats March 2019

(Alliance News) - National Express Group PLC on Tuesday said revenue in March beat the same month of the pre-pandemic year 2019.

LONDON MARKET PRE-OPEN: AB Foods warns Primark must raise prices

(Alliance News) - Stocks in London are seen opening higher on Tuesday, taking heart from a decent trading day in New York overnight, where the tech sector got an M&A boost.