Friday, 16 October 2026
EUEurope
INIndiaNSE and BSE IPOs, GMP, stocksUSUnited StatesSEC IPO filings, Treasury yields, FedEUEuropeIPOs, ECB rates, euro exchange rates
Xflot
AboutDaily briefsContact Search
Business TodayEuropean IPOsCountriesECB & euroEuro & pound in ₹LondonAI
Fresenius Medical Care replaces CEO Helen Giza with Shervin Korangy from October 12; US-listed shares fall nearly 7%HSBC is reported to be cutting about 70% of UK financial adviser roles in an AI push; shares fall 3.4%Frasers Group discloses an 8.8% stake in Under Armour, about 16.6 million shares worth roughly $80 millionSTOXX 600 falls about 1% to 630 by midday as France's 10-year yield climbs 12 basis points to 4.85%Dutch state moves to cut its ABN Amro stake to 10.5% from 20.7% through a share-sale plan run by BofAUK water company Pennon launches a £550 million rights issue and cuts its dividend per share by about 30%Shell lifts its third-quarter gas output guidance and puts its refining margin at $42 a barrel, up from $24Porsche plans about 20% higher prices on its top models by 2030, a break-even under 200,000 cars and 9,000 job cuts by 2035German industrial output rises 2.0% in August on a construction jump, a day after orders were reported down 10.6%Forvia and Gabriel India form a seating joint venture; Forvia holds 50% plus one share and aims at about 10% of India's market
ECB deposit rate 2.50%Euro area 10-year 3.51%Bank of England 3.75%Official rates →

Europe · Business news · Corporate · 04 Aug 2026

Segro agrees £14.3bn takeover by Prologis in a mainly share deal worth 1,031.7p per Segro share

EU Real Estate

What happened

UK warehouse and data-centre landlord Segro agreed to be acquired by US logistics property group Prologis for £14.3 billion. Segro shareholders receive 0.0920 new Prologis shares for each share, with a partial cash alternative of up to £3.5 billion, valuing Segro at 1,031.7p a share, a 39% premium to its close on June 23, 2026, the day before the offer period began. Segro's board agreed to the deal. Segro shares rose 0.6% to 966.24p on the day, below the offer value.

Why it matters for listed companies

The deal puts a takeover price on European logistics and data-centre property, a valuation marker for listed peers such as Tritax Big Box, LondonMetric, Warehouses De Pauw, CTP and VGP. It would also take one of the largest UK real-estate stocks out of the London market, part of a run of UK companies bought by US acquirers. Because most of the consideration is Prologis stock, the value Segro holders receive moves with Prologis's share price and the dollar-sterling exchange rate.

Reported by Sharecast via Hargreaves Lansdown — “Segro to be taken over by Prologis in £14.3bn deal” ↗ on 04 Aug 2026.

Rates and currencies since this was reported

Official series on 04 Aug 2026 or the last day before it, and the latest observation.

ECB deposit facility rate
2.25% → 2.50% +25 bp
04 Aug 2026 → 15 Oct 2026 · European Central Bank
Euro area 10-year yield (AAA)
3.15% → 3.51% +36 bp
04 Aug 2026 → 14 Oct 2026 · European Central Bank
Euro in US dollars
1.1515 → 1.1208 -0.0307
04 Aug 2026 → 15 Oct 2026 · ECB reference rate
Euro in pounds sterling
0.8564 → 0.8461 -0.0103
04 Aug 2026 → 15 Oct 2026 · ECB reference rate
These figures are measured, not attributed. Prices and rates move for many reasons at once; they show what happened after this story, not that the story caused it. Nothing here is a recommendation to buy, sell or hold.

More on Real Estate

All European business stories · Every market · What changed today

Free · one email a day

Market briefs, by country

Pick the markets you follow. Each morning: what changed, in figures — never a tip.

Markets

Free. We email a link to confirm — nothing is sent until you click it. Every brief has a one-click unsubscribe that deletes your record. Data, not advice: XDQ Labs is not registered with SEBI, the US SEC, FINRA or any European regulator. GMP is unofficial. Privacy. Sent daily at 08:15 India time.