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Rolling coverage of the latest economic and financial newsShares in Airbus have dipped by 0.5% this morning after Europen regulators ordered urgent inspections of 16 Airbus A380 planes.The European Union…
Executive Summary
Real-time Market IntelligenceRolling coverage of the latest economic and financial newsShares in Airbus have dipped by 0.5% this morning after Europen regulators ordered urgent inspections of 16 Airbus A380 planes.The European Union Aviation Safety Agency issued an emergency airworthiness directive, after cracks were found in a wing component on some aircraft.Segro may be the biggest fish in the UK REIT pond, but at a market cap below £10bn is a minnow compared to Prologis.It remains to be seen whether the combination will go ahead - in our view Prologis would be reluctant to increase the offer materially and take it above NAV - but the very fact that it was deemed possible given the company’s pan-European footprint and 460 employees that make it a more complex transaction than its smaller peers means that the entire sector could be back in the shop window for even larger, foreign companies.
Rolling coverage of the latest economic and financial newsShares in Airbus have dipped by 0.5% this morning after Europen regulators ordered urgent inspections of 16 Airbus A380 planes.The European Union Aviation Safety Agency issued an emergency airworthiness directive, after cracks were found in a wing component on some aircraft.Segro may be the biggest fish in the UK REIT pond, but at a market cap below £10bn is a minnow compared to Prologis.It remains to be seen whether the combination will go ahead – in our view Prologis would be reluctant to increase the offer materially and take it above NAV – but the very fact that it was deemed possible given the company’s pan-European footprint and 460 employees that make it a more complex transaction than its smaller peers means that the entire sector could be back in the shop window for even larger, foreign companies. ..