Source: Sharecast
STOCKS TO WATCH
Tate & Lyle has agreed to be taken over by US peer Ingredion in a £2.7bn deal, it was confirmed on Monday. The British ingredients firm, which was founded in 1859, is being acquired for 595p per share in cash and dividends of up to 20p share. The deal values the business at £2.7bn, with an implied enterprise value of £3.7bn. Tate & Lyle said it would create a business with "even greater potential, greater scale and increased investment in innovation".
Balfour Beatty said independent compliance monitorship of its US subsidiary Balfour Beatty Communities ended on June 6 after a fraud scandal involving military housing that resulted in a £49m fine in 2021. The infrastructure firm pleaded guilty after it was found to have falsified data to hit resident satisfaction targets and claim taxpayer-funded performance bonuses. Multi-year monitoring of the unit was ordered by the Department of Justice. Balfour said it had implemented a "broad improvement programme", including strengthening leadership and oversight structures, enhancing reporting and accountability mechanisms.
NEWSPAPER ROUND-UP
UK companies are increasingly hiring temporary workers instead of permanent staff because of low confidence in the economy and higher cost pressures, according to a report. Recruiters reported a strong increase in offers of temporary roles in May, according to new research from KPMG and the Recruitment and Employment Confederation. – Guardian
Bogus insurance claims worth more than £230m were detected by the insurance firm Aviva last year as scammers tried new tricks including using artificial intelligence to fake car accident scenes, documents and to exaggerate damage. The insurer identified more than 18,400 suspect claims across its brands in 2025, with a combined value of £233m. The fraud claims level was a record for the insurer, although this was the first year that it included the Direct Line brands it acquired last summer. – Guardian
The private equity firm founded by investor Guy Hands is among prospective bidders for hundreds of venues being sold by Britain's biggest pub chain. Terra Firma Capital Partners, which Mr Hands founded in 2002, is said to be plotting a £300m offer for some 300 freehold pubs that have been put up for sale by Stonegate. – Telegraph
The billionaire tech exile behind one of Russia's biggest companies has pledged to invest almost £2bn in Britain's AI data centre building spree. Arkady Volozh, who co-founded Yandex and is worth an estimated $7bn, said he planned to more than triple the company's UK headcount and spend almost £1.7bn on three new data centres around the country. Mr Volozh will make the investment through his company, the £50bn US-listed AI giant Nebius, which was carved off from Yandex in 2024 in the wake of Russia's invasion of Ukraine. – Telegraph
Hybrid Air Vehicles, a government-backed aerospace business aiming to "transform what aircraft can do", has been delayed in securing the £310m it needs to reach commercial production despite securing more than £1.6bn worth of orders. The Bedford-based company, which has developed the Airlander, a hybrid of an aircraft and an airship, said in newly filed accounts for 2025 that it had a $7bn sales "pipeline" and $2.2bn worth of reserved orders. – The Times
US CLOSE
Major indices closed lower on Friday as investors digested May's jobs report, with the Nasdaq Composite logging its biggest single-day decline since Donald Trump's "reciprocal tariff" announcements in April 2025.
At the close, the Dow Jones Industrial Average was down 1.35% at 50,866.78, while the S&P 500 shed 2.64% to 7,383.74 and the Nasdaq Composite saw out the session 4.18% weaker at 25,709.74.
Reporting by Iain Gilbert at Sharecast.com