00:00Good morning and welcome to the latest Business Bulletin on Wednesday the 11th of June.
00:05Asura has backed a ÂŁ1.7 billion takeover bid from private equity-backed Sana Bidco.
00:10The offer from firms KKR and Stonepeak comes amid a rival bid from Primary Health Properties.
00:16Asura's board cited fewer financial risks and stronger value for shareholders.
00:21The deal marks a major shake-up in the healthcare property sector.
00:24Britain's competition watchdog is probing Evry's merger with DHL's UK parcel arm.
00:30The CMA fears the deal could reduce competition in the postal sector.
00:34It's calling for public comments by June 25th.
00:37The tie-up creates one of the UK's biggest delivery firms.
00:41MPs have backed key planning reform, seen as vital to Labour's ÂŁ1.5 million homes pledge.
00:46The planning bill passed with a majority of 132 in the Commons last night.
00:51Housing Minister Matthew Pennycook said it would get Britain building again,
00:55but critics warn it could lead to uninspiring concrete boxes.
00:59Zara owner Inditex has reported a rise in sales despite global economic uncertainty.
01:04Sales rose 6% from May to early June, boosted by strong demand for spring and summer lines.
01:10Quarterly revenues hit ÂŁ7 billion, up more than 4% from last year.
01:15The fashion giant's also trimming its store numbers to boost efficiency.
01:18And Heathrow Airport says it's time for an honest conversation about expansion.
01:24It comes after another record month, with 7.2 million passengers passing through in May.
01:29The airport warns that growing demand will soon outstrip capacity.
01:33Plans for a third runway are set to be submitted to the government this summer.
01:37That's all for today. Thank you for listening.
01:39Thank you for listening.
