Future Plc, a leading global platform for specialist media, will be acquiring GoCompare, a comparison website. GoCompare Group Shareholders will receive 0.052 new future shares and 33 pence in cash taking the GoCompare Group Share at 136 pence each.
* Lookers Plc suffered a loss of £45.5 million in FY19 Lookers Plc, one of the leading UK motor retail groups, has finally reported that it suffered a loss of £45.5 million in FY19 as compared to a profit of £41.9 million in the previous year. The company had delayed its accounts following the discovery of a £327,000 fraud in March, accumulated over several years.
* AA Plc accepts takeover bid from TowerBrook and Warburg Pincus AA shareholders shall be entitled to receive 35 pence in cash for each AA share held. The newly incorporated entity of two investors, TowerBrook and Warburg Pincus-Basing Bidco Limited, would also be injecting £378 million of new funds into AA business.