Davy Morning Equity Briefing
Jun 22, 2026
easyJet
Castlelake’s third bid
Castlelake has announced that it has submitted three non-binding indicative proposals to the easyJet Board to acquire the entire issued and to be issued share capital of easyJet with a possible offer of 625p. With c.10% of the EU market, how this plays out is clearly important to the EU airlines’ market structure.
Economics weekly
Starmer expected to announce his plans for resignation
After the Federal Reserve and Bank of England both held rates unchanged last week along with a busy release calendar, there is a relatively quiet data schedule for the week ahead with flash business surveys for June and postponed Irish payrolls for April due. Weekend reports around UK political upheaval could see an imminent announcement by Prime Minister Sir Keir Starmer to outline his plans for resignation. As his likely replacement, Andy Burnham will face many of the same challenges and constraints that have contributed to Starmer’s demise. However, Burnham’s popularity within Labour could supply him with political capital, and he could also benefit from Starmer’s more growth-friendly policies.
