EasyJet has reached a preliminary agreement with the US investment firm Castlelake over a possible takeover offer valued at about £5.2 billion. Castlelake’s latest offer is £6.90 per share, higher than previous bids, but the deal is not final and must pass regulatory reviews and shareholder approval.
Key Facts
EasyJet is a low-cost airline based in Luton, UK, flying around 1,200 routes in 35 European countries.
Castlelake owns about 2.14% of EasyJet’s shares and has made multiple takeover offers before, all previously rejected.
The new offer from Castlelake is £6.90 per share, better than their earlier bids of £5.60 to £6.50 per share.
The takeover still requires approval from regulators and EasyJet shareholders.
EU rules require that EasyJet remain at least 51% owned by a European company; Castlelake is US-based but has plans to meet this rule.
EasyJet’s board said they would likely recommend this offer to shareholders if it becomes official.
EasyJet’s share price has dropped over 30% in the last year, partly due to tensions affecting travel, like the US-Israel conflict involving Iran.
Castlelake manages assets worth about $36 billion (£27.3 billion).
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“Minions & Monsters” earned $36.4 million and was the top movie at the Fourth of July holiday box office in the U.S. It narrowly beat “Toy Story 5,” which earned $31 million over the same weekend.
Key Facts
“Minions & Monsters” is the seventh film in the “Despicable Me” series.
The movie opened on Wednesday and made $61.4 million in its first five days.
Globally, “Minions & Monsters” made $160 million in its debut week.
“Toy Story 5” earned $31 million during the Fourth of July weekend.
“Young Washington,” a movie about George Washington, came in third with nearly $21 million.
“Supergirl” earned $9.6 million but dropped 74% from its opening weekend.
The overall box office was down 24% compared to last year but up 12% from 2025.
Other notable films include “Obsession” and “Backrooms,” popular with younger audiences.
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EasyJet has agreed in principle to a £5 billion takeover by the US investment firm Castlelake, which would make the airline private. The deal followed several weeks of talks and earlier rejected offers, with EasyJet’s board likely to recommend the new offer to shareholders if it becomes firm.
Key Facts
EasyJet is Britain’s largest low-cost airline.
Castlelake, a US investment firm, has agreed on a £5 billion takeover deal with EasyJet.
The agreed price is £6.90 per share, higher than the previous rejected offer of £6.50 per share.
EasyJet’s board will likely advise shareholders to accept the offer if it becomes official.
The takeover deal requires a formal offer by 3 August at 5pm.
Castlelake supports EasyJet’s plans to modernise its fleet with newer, more fuel-efficient planes.
EasyJet is part of Britain’s FTSE 250 stock market index.
The deal would make EasyJet a private company instead of publicly traded.
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AustralianSuper, Australia’s largest superannuation fund managing $388 billion, reversed its previous decision to avoid coal by becoming the largest investor in Whitehaven Coal. This move raises questions about its commitment to net zero carbon emissions, a target aligned with the Paris agreement.
Key Facts
In 2020, AustralianSuper committed to a net zero carbon emissions target and sold its shares in Whitehaven Coal.
By 2026, AustralianSuper became Whitehaven Coal’s biggest investor, holding more than $600 million in shares.
Whitehaven operates six coal mines in New South Wales and Queensland and plans to develop more.
AustralianSuper states the investment was based on market value and metallurgical coal’s role in steel production.
Many super funds limit investments in thermal coal due to its environmental harm, but AustralianSuper’s move may encourage others to increase coal investments.
Experts express concern that the fund focuses on investment returns more than climate risks.
AustralianSuper also holds shares in Woodside Energy, an oil and gas company with expansion plans.
Research shows most Australians want their super funds to avoid investments that harm the environment or society.
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Queensland's government is reviewing rules that require mining companies to set aside money for cleaning up mines after they close. Some people worry that if these rules are weakened, taxpayers might end up paying for mine cleanups, especially for abandoned or poorly managed sites.
Key Facts
Queensland is reviewing a financial provision scheme started in 2019 that makes mining companies guarantee funds for mine cleanup.
The review aims to balance strong environmental standards with encouraging investment in mining, especially for smaller or junior mining companies.
Some environmental groups worry that smaller mining companies might abandon mines without proper cleanup, leaving costs to the public.
Larger mining companies sometimes sell mines to smaller firms that may not have enough money to cover rehabilitation.
A cattle farmer near the Bluff coal mine in Queensland is concerned about damage to her land and unanswered compensation claims after the mine owner went into receivership.
The Queensland Resources Council, representing mining companies, supports the government’s review and wants to contribute to the process.
Critics urge the government not to weaken the financial protections to avoid environmental damage and costs falling on ordinary Queenslanders.
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Delivery company Evri is suing the BBC for £1.2 million, claiming a Panorama documentary caused it financial harm by making false statements about its business practices. Evri says the documentary wrongly accused it of exploiting workers and underpaying couriers, leading to lost potential contracts.
Key Facts
Evri has filed a lawsuit against the BBC in the High Court for £1.2 million.
The claim relates to a Panorama documentary titled "Evri: Where’s my parcel?" aired on 15 December 2025.
Evri says the documentary falsely accused it of paying couriers below the minimum wage and misleading parliament.
The company claims it lost prospective clients and contracts worth about £1.2 million due to the broadcast.
Evri seeks special damages, general damages, and a court order stopping the BBC from repeating the claims.
The documentary remains available online with a note about the libel claim.
Evri was owned by Apollo Capital Management as of 2024, after rebranding from Hermes in 2022.
The BBC declined to comment on the legal case, and Evri has not made further public comments as the case is ongoing.
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Residents at more than 50 aged care homes run by Arcare in Australia are suing the company for charging fees for extra services like high teas, exercise classes, and internet, even when many could not use these services. The lawsuit says Arcare included these fees as part of a mandatory package from 2020 to 2026, which may have broken laws about charging residents only for services they can use and agree to.
Key Facts
The class action covers over 50 Arcare aged care facilities across four Australian states.
Residents were charged a daily "additional services fee" from July 2020 through July 2026.
Some residents were immobile, unable to swallow, or had cognitive impairments, making them unable to use some charged services.
Charges included items like high teas, exercise classes, alcohol, Foxtel TV, newspapers, and wireless internet.
Australian law says aged care fees can only be charged if residents agree and can access the services.
The lawsuit claims Arcare forced these fees as a non-negotiable condition to enter the facility.
Some charges were based on how much Arcare thought residents could afford, not the real value of services.
Arcare has not yet responded formally to the court but says they are committed to quality care.
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A financial adviser explains how parents can help their children become millionaires by age 30 through early investing and smart money habits. Key steps include avoiding large student debt, investing from birth, encouraging good financial behavior, avoiding costly mistakes, and not rushing to buy a home.
Key Facts
Investing $1,000 a month from a child's birth at a 7% average return can grow to about $1.2 million by age 30.
The goal is to help children become financially independent, not just to give them money.
Student loan debt should ideally be zero or at most equal to one year’s starting salary; options to reduce debt include 529 plans, scholarships, and tuition reimbursement.
Start investing early, such as funding a Roth IRA for a teenager with earned income, to benefit from decades of compounding interest.
Parents should match children’s good financial habits, like contributions to retirement accounts, instead of giving cash.
Common wealth destroyers include large student loans, expensive car payments, credit card debt, buying too much house too soon, and delaying investing early in a career.
Owning a home is not always a good investment for young adults and can sometimes be a financial mistake.
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William Blyth is a traditional tile-making company in North Lincolnshire, England, using century-old machines to make roof tiles from local clay. The British ceramics industry faces challenges from rising energy costs, competition, and economic pressure, causing some firms to close while others adapt by diversifying their business.
Key Facts
William Blyth has been making roof tiles since 1840 using old machines, some from the 1800s and 1920s.
The clay for tiles comes from the nearby Humber Estuary.
The company is one of about a dozen traditional tile makers still operating in the UK.
Roof pantiles have a unique curved shape and have been made in the region since the 1700s.
The ceramics industry struggles with high energy prices, labor costs, and cheaper imports.
Denby Pottery, a 200-year-old ceramics firm, recently closed due to these pressures.
The UK clay roof tile production dropped from 4.5 million sq meters in 2021 to just over 3 million in 2025.
William Blyth expanded its business by adding a garden centre and cafe to improve financial stability.
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A former top economic adviser, Nicholas Stern, urged Andy Burnham to pick Ed Miliband as chancellor if he becomes prime minister. Stern believes Miliband has the experience and clear plan to boost investment, especially in clean energy and infrastructure, to help the economy grow.
Key Facts
Nicholas Stern was a chief economic adviser at the UK Treasury and a former chief economist at the World Bank.
Stern supports Ed Miliband as chancellor because of his experience and strategic vision.
Miliband is known for focusing on clean energy, modern infrastructure, and investment in new technologies.
Stern praised Miliband’s moratorium on new oil and gas drilling licenses in the North Sea.
Stern said investing in old industries like oil is not a good long-term strategy; new technology investment is key.
Miliband has worked closely with the Treasury and understands economic strategy well.
Appointing Miliband as chancellor would help rebuild public trust in government spending and economic planning.
Miliband is seen as a respected figure globally, especially on climate issues.
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Sky, owned by American company Comcast, is set to buy ITV’s TV and streaming channels, creating a new British media company under American ownership. This deal will not remove ITV’s free-to-air service but could lead to future changes in how content is streamed or bundled.
Key Facts
Sky is expected to buy ITV’s TV and streaming channels, including ITVX.
Sky is owned by Comcast, an American company.
ITV must provide a free-to-air service until at least 2034 by law.
Popular ITV shows like Coronation Street and Love Island will continue to air on ITV and ITVX in the short term.
ITV Studios, ITV’s production arm, is not included in the sale and will remain separate.
A supply deal will likely keep ITV Studios producing shows for ITV after the takeover.
Sky might merge its streaming service with ITVX and offer more bundled content in the future.
Changes to beloved ITV shows can only happen after the current production agreement ends.
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New York City’s luxury housing market continues growing despite a new tax on expensive second homes. The tax targets non-primary residences worth over $5 million to help fund housing projects, but sales of high-end properties have actually increased recently.
Key Facts
Mayor Zohran Mamdani introduced a new tax starting July 1 on second homes valued above $5 million in NYC.
The tax aims to raise about $500 million yearly to support housing initiatives.
Sales of Manhattan luxury homes over $20 million rose 25% compared to last year.
Homes priced between $10 million and $20 million saw a 38.6% increase in activity.
Condo sales in the $10-$20 million range went up by 54.5%, and over $20 million condos rose 33.3%.
The new Supergirl movie from Warner Bros., part of the DC Universe’s reboot, received mixed reviews and had a weak box office opening. The film tells a simpler story about Kara Zor-El/Supergirl teaming up to save her space dog, with Jason Momoa appearing briefly as a bounty hunter.
Key Facts
Supergirl is part of the DC Universe "Gods and Monsters" chapter, following last year’s Superman movie.
The script was written by Ana Nogueira, and the film was directed by Craig Gillespie.
The story is based on the "Supergirl: Woman of Tomorrow" comic miniseries, inspired by the 1968 Western, True Grit.
The movie shows Kara Zor-El as a rebellious young woman who is reluctant to be a superhero.
Kara teams up with a young girl, Ruthye, to find an antidote to save her poisoned space dog, Krypto.
Jason Momoa appears briefly as the bounty hunter Lobo, a character not in the original comic story.
The film struggled at the box office partly because many viewers prefer to watch superhero movies on streaming platforms instead of theaters.
The movie received mixed reviews but was described as a decent, entertaining film though not great.
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The United States Postal Service introduced a new stamp to celebrate the 250th anniversary of the Declaration of Independence. The stamp has a red, white, and blue design with the year 1776 displayed.
Key Facts
The USPS released a commemorative stamp for America's 250th anniversary.
The stamp honors the Declaration of Independence.
It features a vertical design in red, white, and blue colors.
The background color of the stamp is deep navy blue.
The stamp is sold in sheets of 20.
The year "1776" is shown on the stamp.
The stamp is called the "Declaration of Independence Forever" stamp.
The release was announced on a Saturday.
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CBS Mornings Deals offers special discounts on products that may improve daily life. People can visit the website cbsdeals.com to find and buy these discounted items.
Key Facts
CBS Mornings Deals features products with exclusive discounts.
The deals aim to help improve everyday lifestyle.
Shoppers can access these deals at cbsdeals.com.
CBS earns commissions from purchases made through the website.
The promotion is part of CBS News programming.
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A new study shows which U.S. states have the highest increase in car insurance costs after a driver is caught driving under the influence (DUI). This information is especially relevant around the Fourth of July, a time when DUI incidents are more common.
Key Facts
The study ranks states by how much a DUI raises the average driver’s insurance premiums.
Drivers with a DUI pay more for insurance in some states than in others.
The timing of the study is linked to the Fourth of July, when DUI cases often rise.
Insurance companies increase rates after a DUI because they see these drivers as higher risk.
Costs can vary widely depending on state laws and insurance practices.
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Aramco, a Saudi Arabian oil company, owns the Motiva oil refinery in Port Arthur, Texas, which is the largest in the U.S. The city of Port Arthur faces serious health and economic challenges, with high poverty and cancer rates linked to pollution from nearby refineries including Aramco’s. Despite Aramco’s major role as a World Cup sponsor, the local community experiences ongoing environmental and health problems.
Key Facts
Aramco became the sole owner of the Motiva refinery in 2017.
Motiva refinery is one of the largest in the U.S., producing about 654,000 barrels of crude oil daily.
Port Arthur, Texas, has around 55,000 residents and is considered the poorest city in Texas.
The median household income in Port Arthur is about £27,700, and nearly 30% of people live below the poverty line.
Cancer rates in Port Arthur are 40% higher than the Texas average, especially among the predominantly Black community.
Childhood asthma in the city is nearly twice the national average.
The area experiences harmful emissions such as benzene, methane, carbon dioxide, hydrogen sulfide, and sulfur dioxide from nearby oil refineries.
Aramco is the exclusive energy sponsor of the 2024 FIFA World Cup, with heavy advertising during the tournament.
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A former waiter at the Metropolitan Mayfair casino has filed a complaint saying he did not receive a fair share of tips and service charges. He claims managers took some of the money, which should mostly go to the staff serving customers, and the casino has not clearly explained how tips and charges are shared out.
Key Facts
The Metropolitan Mayfair casino is owned by Metropolitan Casinos group, part of Silver Point Capital.
The former waiter worked there for five years before being asked to leave.
The casino adds a 12.5% optional service charge on food and drinks.
UK law from October 2024 requires all tips and service charges to be fairly and openly shared with staff.
The waiter says he and other staff often shared tips with managers, who do not work directly with customers.
Payslips do not clearly show how service charges or card tips are divided.
The Unite union says workers should control their own tips and opposes managers taking a share.
The government issued draft rules that require employers to consult workers about tip sharing policies.
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The article highlights that the United States is currently experiencing strong economic growth and innovation, making it one of the best places in the world to start a business and take risks. It emphasizes America's large share of the global economy, its welcoming attitude toward immigrants, and its leadership in technology and business startups.
Key Facts
The U.S. produces about 26% of the world’s total economic output (GDP) while having approximately 4.2% of the global population.
The U.S. economy is larger than the combined economies of China, Japan, and Germany.
U.S. stocks make up 65% of the world’s stock market value, up from 40% ten years ago.
America invests 57% of the world’s venture capital (money for new businesses).
Nearly half of the top 500 companies in the U.S. were started by immigrants or their children.
New business applications have increased from about 3.5 million before COVID-19 to an average of 5.5 million annually since the pandemic.
The U.S. leads in innovation and technology, including developments in artificial intelligence (AI).
America’s economy rewards people who take risks and learn from failure, supporting a free market system.
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The UK Parliament is asked to help young adults with learning disabilities access money in their Child Trust Funds because current legal costs are too high. New data shows many newly hired workers are choosing not to join workplace pensions, and delays continue in pension services for civil servants. Changes are also proposed to replace the Lifetime ISA with a new savings product just for first-time homebuyers.
Key Facts
Child Trust Funds were started over 15 years ago with government and family contributions.
Young adults with learning disabilities face high legal costs to access their Child Trust Funds money.
In one year, 500,000 people opted out of workplace pension enrollment before their contributions began.
Automatic pension enrollment happens when people start new jobs but some say no to joining.
Capita is behind schedule in fixing long pension service delays for civil servants.
Plans are being made to replace the Lifetime ISA with a new savings product aimed at first-time homebuyers.
The news comes from a Radio 4 Money Box episode aired on 4th July 2026.
The program reports on financial issues affecting young adults, pension savers, and homebuyers.
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