Foreign Buyers in $10 Billion Scramble for UK Takeover Targets

Foreign buyers are feverishly snapping up UK companies at a time when London is struggling to maintain the size of its stock market and attract new listings.
Almost $10 billion worth of deals targeting UK firms emerged on Monday alone this week, when US buyout firm Advent confirmed a £3.7 billion ($5 billion) takeover proposal for Spectris Plc, a maker of precision and testing equipment and software, and Qualcomm Inc. agreed a roughly $2.4 billion deal for London-listed semiconductor company Alphawave IP Group Plc. Both transactions carried premiums comfortably above 80%.

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Bayern Munich add Arsenal's Gabriel Martinelli to transfer target list

Christian Falk reports that Bundesliga champions Bayern Munich have added Arsenal's Gabriel Martinelli to their list of summer transfer targets. Incoming transfer rumors relating to the German giants continue to come thick and fast. FCB chief personnel officer Max Eberl and staff are clearly working overtime at the Säbener Straße headquarters. Arsenal's 18-times-capped Brazilian international fits the profile of what Bayern seek during the current summer transfer window. Namely, a winger with a proven performance record and a price tag in the €50m-€70m range. Martinelli maintains a current €55m estimated market value. Advertisement Bayern require assistance on both flanks ahead of the new Bundesliga campaign, but seem to be prioritizing players with leftward proclivities first. The Martinelli rumors make sense in the context of this need. Thanks to their early qualification for the Round-of-16 in the ongoing club World Cup, Bayern have already earned the equivalent of €39.5 million in the new mega-format tournament. It is such that one expects the German record champions to seal some blockbuster summer signings in the coming days. GGFN | Peter Weis

Associated Press

an hour ago

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Spain reaches deal with NATO ahead of summit to be excluded from 5% defense spending goal

MADRID (AP) — Spain reached a deal with NATO to be excluded from a 5% of GDP defense spending target, days before the military alliance's leaders will gather at a summit, Prime Minister Pedro Sánchez said on Sunday. 'Spain will, therefore, not spend 5% of its GDP on defense, but its participation, weight and legitimacy in NATO remain intact,' Sánchez said in a televised address. Sánchez said that Spain would be able to keep its commitments to the 32-nation military alliance by spending 2.1% of GDP on defense needs. In letters exchanged on Sunday between NATO Secretary-General Mark Rutte and Sánchez, Spain was granted the exemption and the language around the 5% spending target was made to no longer include 'all allies,' Sánchez said. On Thursday, Sánchez told Rutte in a separate letter that Spain could not commit to the spending target. The move threatened to derail the upcoming summit at The Hague, which U.S. President Donald Trump is due to attend, since any new spending guidelines have to made with the consensus of all 32 NATO member states. Last year, Spain spent 1.28% per NATO estimates on military expenditure, making it the alliance's lowest spender. In April, Sánchez announced that the government would raise defense spending to 2% this year, a move that he received pushback for at home including from some allies. On Friday, Trump said Spain 'has to pay what everybody else has to pay,' calling the eurozone's fourth-largest economy 'a very low payer.' 'They were either good negotiators or they weren't doing the right thing,' Trump told reporters. On Sunday, Sánchez said Spain 'believes that Europe should take charge of its own defense, an idea aligned with opinions such as those expressed by President Trump.' But he called reaching a 5% spending target 'incompatible with our worldview.'

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‘When In Doubt, Zoom Out': This Investing Strategy Could Earn You $1 Million

Investing expert and influencer Austin Hankwitz may be young, but he's already got more than $1 million invested in the stock market, and a strategy for others who desire success like his. Explore More: Read Next: Hankwitz shared to TikTok his three-step plan for anyone who hopes to thrive at investing, and it's pretty simple. First of all, Hankwitz warned his viewers not to treat the stock market as a 'casino,' and suggested you need to think strategically, not just try to put money in and pull it back out again hoping for a big payout. He began by recommending you construct your investment portfolio as follows: The majority of your portfolio — upwards of 75% — should be invested in index funds and exchange traded funds (ETFs), and not the well-known blue chip single stocks like Berkshire Hathaway, Amazon and Google. Unlike a single stock, which is essentially a small piece of ownership in a large company, an ETF is a collection of securities packaged and sold in a single basket, or fund. Some funds he recommended included: VOO: Vanguard S&P 500 ETF VTI: Vanguard Total Stock Market ETF SCHD: Schwab U.S. Dividend Equity ETF SPYI: Neos S&P 500(R) High Income ETF (SPYI) QQQ: Invesco ETF For You: Next up,think about diversification, which is probably the most popular buzzword in investing. What it means is you invest beyond just stocks and index funds so as to vary both risk and growth levels. Hankwitz recommended including such things as real estate, international funds, precious metals and even 'fine wines and whiskey.' Additional investments include: VNQ: Vanguard real estate index fund GLD: SPDR gold shares SLV: iShares silver trust VXUS: Vanguard Total International Stock Index Fund ETF CSHI: NEOS Enhanced Income Cash Alternative ETF It's common for newer investors to think they can 'time' the market by putting money in or pulling it out when stocks go up or down. That strategy, however, doesn't work. Hankwitz also said rather than panicking at a short-term stock market downturn, you need to think long term. 'When in doubt, zoom out,' he said. In other words, just because it's down now, doesn't mean it will stay that way. He pointed out that while the stock market is currently down, over the last 15 years, it's been up 400%. Stay invested, invest consistently and avoid panicking. Better yet, meet with an investing advisor or financial planner with some understanding of how these things work so that you're not going it alone. More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard 4 Housing Markets That Have Plummeted in Value Over the Past 5 Years 6 Popular SUVs That Aren't Worth the Cost -- and 6 Affordable Alternatives This article originally appeared on 'When In Doubt, Zoom Out': This Investing Strategy Could Earn You $1 Million Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data