Apollo Makes Unexpected £5.7bn Takeover Bid for easyJet

In a surprising move, Apollo Global Management has launched a £5.7 billion takeover offer for easyJet, a major player in the UK airline industry. This unsolicited bid comes as easyJet explores options to enhance its financial position amid ongoing challenges in the aviation sector. Apollo's proposal has caught the attention of investors and analysts alike, raising questions about the future direction of easyJet and the competitive landscape of low-cost airlines in the UK.

Meanwhile, the National Energy Systems Operator (Neso) is facing scrutiny following allegations of a cover-up regarding the security of the UK’s electricity grid. Shadow Energy Secretary Claire Coutinho has claimed that Neso management instructed control-room staff to withhold information that indicated potential security issues. In response, Neso has announced an internal review to investigate these allegations and ensure transparency in its operations.

Julian Leslie, Neso's director of strategic energy planning, emphasized the expertise of the control-room engineers and assured that all operational decisions are documented through reliable computer systems. The review aims to clarify the situation and restore confidence in the grid's management.

As these developments unfold, they highlight significant shifts in both the aviation and energy sectors in the UK, with implications for investors and consumers alike.

Source: www.theguardian.com – https://www.theguardian.com/business/live/2026/jul/10/apollo-easyjet-takeover-offer-business-ftse-markets-latest-news-updates