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UK house prices fall for first time this year as Middle East crisis hits confidence – business live

British house prices fell 0.6% in May, leaving them 1.7% higher than a year earlier, Nationwide reports

UK airline easyJet has hit out at private credit firm Castlelake for considering a ‘highly opportunistic’ takeover bid.

On Friday, Castlelake said it was in the “early stages of considering a possible offer” for easyJet, but had not approached to the company’s board.

Valuation: the Board notes the highly opportunistic timing when easyJet’s share price is temporarily depressed due to the current situation in the Middle East and its impact on customer confidence and jet fuel prices.

Deliverability: the Board notes the considerable regulatory, financial and other execution challenges associated with a potential takeover of easyJet.

Continue reading…British house prices fell 0.6% in May, leaving them 1.7% higher than a year earlier, Nationwide reportsUK airline easyJet has hit out at private credit firm Castlelake for considering a ‘highly opportunistic’ takeover bid.On Friday, Castlelake said it was in the “early stages of considering a possible offer” for easyJet, but had not approached to the company’s board.Valuation: the Board notes the highly opportunistic timing when easyJet’s share price is temporarily depressed due to the current situation in the Middle East and its impact on customer confidence and jet fuel prices.Deliverability: the Board notes the considerable regulatory, financial and other execution challenges associated with a potential takeover of easyJet. Continue reading…

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