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Einride plans to acquire Flipturn in stock deal

Einride AB will acquire Flipturn in an all-stock deal valued at $38.4 million, boosting its energy under management and expanding North America’s largest heavy‑duty EV charging ecosystem. The move strengthens Einride’s U.S. presence and advances a fully integrated electric freight technology stack, including charging, energy management software, and a brokerage layer to connect fleets with third‑party networks.

8 sources

OCS Agrees £3.1bn Mitie Takeover

{"summary":"OCS Group has agreed to acquire Mitie in a cash deal valuing Mitie at up to 221.6 pence per share (approx. £3.1 billion), delivering a premium of around 40-47% and creating a UK-listed group with about £8.5 billion in revenue. Completion is targeted for Q1 2027 and is subject to shareholder and regulatory approvals, with Mitie’s board unanimously backing the transaction and both firms highlighting expanded geographic reach, technology investment, and stronger capabilities across critical sectors.", "summary_sources": ["https://uk.marketscreener.com/quote/stock/MITIE-GROUP-PLC-9590156/news/Mitie-Soars-After-Accepting-OCS-Group-Offer-53818649/","https://sg.finance.yahoo.com/news/ocs-announces-recommended-acquisition-mitie-073200513.html","https://uk.advfn.com/market-news/article/19900/ocs-agrees-3-1-billion-acquisition-of-mitie-as-facilities-services-leader-reports-strong-fy27-start","https://businesscloud.co.uk/news/ocs-agrees-3-1bn-mitie-deal-to-create-8-5bn-powerhouse/","https://www.tipranks.com/news/catalyst/mitie-soars-as-backed-ocs-deal-shakes-up-sector"]}

5 sources

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Wise Group launches £405M buyback across US, UK

Wise Group confirmed a £405 million share buyback across Nasdaq, the London Stock Exchange and other venues, to run from July 21, 2026 to no later than March 31, 2027, with about 40% of repurchased shares going to the Employee Share Trust and 60% held in treasury, and it will seek renewed shareholder authority at the next AGM to continue the program. Analysts broadly view the stock as attractive, with a consensus Buy rating from nine covered analysts and several firms initiating or upgrading coverage.

6 sources

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Wickes Q2 Sales Growth Reinforces Full-Year Outlook

Wickes posted a 2.3% rise in Q2 group revenue with Retail back to growth and TradePro expanding, while the Design & Installation arm maintained five straight quarters of delivered sales growth and click-and-collect/delivery up as customers stay cautious on large bespoke kitchens. The retailer kept its FY26 adjusted profit guidance intact, reinforced by a strong balance sheet with about £152 million net cash, ongoing store refurbishments and planned openings, and expectations of productivity gains and lower business rates supporting profitability.

7 sources

Global SThree H1 Profit Drop, Guidance Maintained

SThree reported for the six months to 31 May 2026 that revenue fell to about £598.8m and pretax profit tumbled 75% to £2.7m, with non-recurring costs from a cost-optimization program weighing on earnings, though cash and a share buyback reduced net debt slightly and momentum improved in the US and Japan. Despite a mixed market, the group reiterated guidance for FY26 pretax profit around £10m, citing ongoing strategic simplifications, a cloud-based platform, and resilience in its contract business amid weaker hiring in parts of Europe.

6 sources

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Frasers surpasses 30% Hugo Boss stake, triggers bid

Frasers Group has pushed its Hugo Boss stake above the 30% threshold, triggering a mandatory takeover bid for the remaining shares, and now holds about 30.28% of the stock. The €38-per-share offer remains open until 27 July, while Hugo Boss has urged investors not to accept, saying the price undervalues the business.

12 sources

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Marston's World Cup Surge Drives Growth

Marston’s reported a strong World Cup trading period with England matchdays delivering 22% like-for-like sales growth and Grandstand pubs up about 170% year-on-year, while newer formats like Grandstand conversions are delivering around 30% LFL growth; however, year-to-date sales are 1.6% lower due to softer off-peak conditions. The company outlined plans to accelerate investment with around 100 Grandstand conversions in FY2027, target leverage near 4x, and resume shareholder returns via buybacks as conditions allow.

5 sources

Billington Announces £28m Contract Wins Across Three Sectors

Billington Holdings reports three contract wins totaling about £28 million, spanning a North-West London education campus, an energy-from-waste project in Eastern England, and a defence-sector initial instruction slated for delivery in 2027, reinforcing its focus on high-quality, complex structural steel projects. The updates come amid a challenging market with weak demand in the structural-steel sector, and alongside news of a potential closure of the Yate facility, underscoring pressure on profitability and the need to align capacity with subdued demand.

6 sources

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Galliford Try Secures £9.5bn CPC Framework

Galliford Try has been appointed to the Crescent Purchasing Consortium Construction and Capital Works framework worth £9.5 billion, spanning all five regional lots across England, Wales and Scotland for up to eight years and covering education and wider public sector projects from new-builds to refurbishments. The appointment strengthens its position in UK public infrastructure and expands the visibility of future revenues through a steady pipeline of core contracts.

5 sources

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BAWAG Q2 Profit Up 21%, PTSB Deal Advances

BAWAG Group posted €255 million in Q2 net profit, up 21% year-over-year, with strong ROTCE around 28.7% and robust capital metrics as it eyes a fully self-funded acquisition of Permanent TSB. The deal faces a July 30 shareholder vote and is expected to close in late 2026 or early 2027, pending regulatory and court approvals.

9 sources