Today's news in brief-23/4/25

Today's news in brief-23/4/25

THG has rejected an unsolicited takeover bid for its Myprotein brand from Selkirk, describing the offer as “undervalued” and lacking sufficient funding. The proposal, which valued Myprotein between £400m and £600m, was largely structured in Selkirk shares, with additional cash payments dependent on new equity and debt issuance. THG’s board dismissed the bid due to execution risks and uncertainty over funding, confirming no further discussions wi…

Today’s news in brief - 23/04/25

Hospitality has seen “tentative” signs of recovery despite ongoing pressures on household finances affecting consumer footfall and spending, according to data from CGA. Notably, 55% of UK households say they are either severely or moderately impacted by the cost of living. As a result, this adverse impact is stirring up subdivisions in behaviour. High costs and less disposable income remain the biggest hurdle for the 42% of consumers who are goi…