Segro Rejects $16B Buyout Amid UK Politics

Segro’s bold rejection of a $16.6 billion buyout bid from Prologis sent its shares soaring 15.6% and fueled a rally in the FTSE 250, as real estate investment trusts jumped 6%. Meanwhile, UK politics heats up with Keir Starmer stepping down, sparking speculation Andy Burnham could lead next year. Economists eye a potential 25-basis-point BoE rate hike to curb inflation amid Middle East tensions, though some argue holding steady makes more sense given cooling job markets. Elsewhere, Liontrust gained on slowing cash outflows, Berkeley rose on strong demand outlooks, and Primary Health Properties climbed amid talks of a new hospital joint venture. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/7492fcbf8b9ca394