British-C Cypriot entrepreneur, founder of easyJet and easyGroup
Ocado is facing questions over Tim Steiner’s pay and potential succession amid a slide in its share price to below its 2010 flotation level. The board is considering replacements as shareholders voice concerns over pay proportionality and performance.
Apollo has won the bid to take EasyJet private at 715p a share, valuing the carrier at about $7.7 billion. Castlelake has withdrawn, clearing Apollo to move forward. The deal is expected to complete by Q1 2027, with Stelios Haji-Ioannou and family retaining shares. Shareholders face a vote and delisting of EasyJet.
A ferry carrying 267 passengers and crew has capsized off Kyrenia, Northern Cyprus, leaving several dead and many missing as rescue teams extend searches into deeper waters. Survivors describe panic as authorities coordinate 24/7 operations with Turkish support.