Shares in Airbus dipped by 0.5% during early trading on Friday after European aviation regulators mandated urgent inspections of 16 A380 aircraft. The European Union Aviation Safety Agency (EASA) issued an emergency airworthiness directive after cracks were discovered in a wing component on certain planes.
M&A Activity in the REIT Sector
In corporate news, speculation continues to surround Segro, the largest UK real estate investment trust (REIT). Despite its market cap of under £10bn, the company is significantly smaller than global giant Prologis.
Market analysts suggest that while Prologis may be hesitant to raise its offer materially above net asset value (NAV), the potential for such a deal highlights the sector’s appeal. Observers believe that Segro’s pan-European footprint and operational complexity could put the broader REIT sector back on the radar for larger, foreign acquirers.
Source: The Guardian