played down\u00a0media reports<\/a> that it is preparing for the founder and CEO Tim Steiner to step down soon.<\/p>\nThe company issued a short statement this morning\u00a0saying it “continually engage[s] in long-term succession planning and regularly engage[s]\u00a0with potential candidates”.<\/p>\n
It follows a Sky News report that the board was lining up a successor to Steiner, who co-founded the online grocery technology group in 2000.<\/p>\n
According to the piece from newshound Mark Kleinnman, Ocado chairman Adam Warby is leading the search process and has sounded out Niklas Heuveldop, chief executive of communications technology company Vonage, about the role.<\/p>\n
7.33am: easyJet suitor goes public with 625 bid <\/p>\n
The US private equity firm circling easyJet has taken its offer public after the airline’s board rejected a third takeover approach. Castlelake.<\/p>\n
The bidder, which is working with a former Ryanair chief operating officer and ex-easyJet executive to comply with European airline ownership rules, has proposed a bid of 625p-a-share, a 59% premium to the airline’s closing share price before its\u00a0interest became public.<\/p>\n
The investment firm said its latest non-binding proposal was rejected on Sunday, with the airline’s board having already turned down earlier approaches at 560p and 600p per share.<\/p>\n
Accusing the board of an “unwillingness to engage”,\u00a0Castlelake\u00a0said it had decided to disclose its latest approach publicly to allow shareholders to consider the offer and communicate their views to the board.<\/p>\n
FTSE 100 market pre-open <\/p>\n
Shares in London are set to start the week moderately higher, as Prime Minister Keir Starmer is expected to announce a timetable for his departure in the coming hours.<\/p>\n
FTSE 100 futures indicated an opening gain of around 10 points, with futures for other major European markets showing similar moves.<\/p>\n
Last week ended with a whimper for the London index, down 36 points on the day and 131 over the five at 10,363.27.<\/p>\n
US\u00a0markets were closed on Friday for the Juneteenth public holiday, while high-ranking talks with Iran over the weekend in Switzerland were said to have seen “progress”, despite new threats from Donald Trump to restart attacks.<\/p>\n
UK politics is grabbing the headlines on Monday, with Starmer reported in the Guardian to be preparing to make a speech outside Number 10, likely to clear the way for\u00a0Andy Burnham\u00a0to become prime minister by the autumn.<\/p>\n","protected":false},"excerpt":{"rendered":"FTSE 100 Live: Stocks called higher as Starmer exit reported, easyJet bidder goes public Proactive uses images sourced…\n","protected":false},"author":2,"featured_media":1042391,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[7757],"tags":[287040,748,271487,1011,393,1880,4884,257,31172,287039,287041,16,15],"class_list":["post-1042390","post","type-post","status-publish","format-standard","has-post-thumbnail","category-london","tag-babcock","tag-britain","tag-defence-contractor","tag-easyjet","tag-england","tag-ftse-100","tag-great-britain","tag-london","tag-starmer","tag-tim-steiner","tag-type-31-frigate","tag-uk","tag-united-kingdom"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/116792648581270030","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/1042390","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=1042390"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/1042390\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/1042391"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=1042390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=1042390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=1042390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"FTSE](\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2026\/06\/8e7054ce287ad3538051204673954465.jpeg\")
FTSE 100 Live: Stocks called higher as Starmer exit reported, easyJet bidder goes public Proactive uses images sourced from Shutterstock 8.15am: Babcock leads FTSE 100 lower at open <\/p>\n