Autodoc's IPO is set to value car parts retailer at $2.8 billion
June 17 (Reuters) - The planned initial public offering of Autodoc is set to value the German online parts retailer at as much as 2.4 billion euros ($2.78 billion), the company said on Tuesday.
The private placement is set at a price range of 58 to 61 euros, which amounts to a total market capitalization of 2.3 to 2.4 billion euros, it said in a statement.
Under the IPO, existing investors plan to sell shares for between 383 million euros and 403 million euros.
The first day of trading on the Frankfurt Stock Exchange is scheduled for June 25, preceded by a private placement between June 17 and June 24, Autodoc said.
The IPO, announced earlier in June, has come as a surprise after many firms previously suspended listing plans amid growing uncertainty from global trade wars.
($1 = 0.8644 euros)
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Telegraph
42 minutes ago
- Telegraph
Midnite welcome offer June 2025: Use BETGETSPORTS for £20 free bets
What is the Midnite sign-up offer? When you sign up as a new customer at Midnite and bet £10, you will get £20 of free bets and 50 free spins. If it's free bets you want, then look no further than our betting offers page Register using the Midnite promo code BETGETSPORTS if you're in the UK, or BETGETSPORTSIRE if you live in Ireland. You must then place your qualifying bet within 14 days of registration. Your £10 qualifying bet must be a pre-match accumulator, comprising at least four legs, with minimum odds of 3/1 (4.0). Once this bet is settled, you will receive your £20 of free bets. They come in the form of four £5 free bet vouchers. There is one voucher to use on a single bet with minimum odds of 1/1 (2.0) and another to be used on a pre-match acca with four or more selections, at minimum odds of 4/1 (5.0). Then there is a voucher for an in-play free bet with no requirements and a bet builder free bet voucher at minimum odds of 3/1 (4.0). In addition to these free bets you will also receive 50 free spins to use on Big Bass Splash, which are worth 10p each. You have seven days to use these bonuses before they expire. Already signed up to Midnite? Why not take a look at the UK's best betting sites Midnite Sportsbook Once you have taken advantage of the Midnite sign-up offer, you can use your free bets to sample its sportsbook. There are more than 25 sports to bet on, with Esports being a particular speciality. Users can enjoy useful features such as its bet builder and cash out, with competitive odds available. Midnite Racing Fans of the Sport of Kings can use the racing section, which features a separate Midnite bet sign-up offer. UK, Irish and international racing is covered, with live streaming available for all. There are plenty of horse racing betting specials available and a number of selections have boosted odds. Midnite Casino With 1,700-plus games available at Midnite's casino there is plenty to keep you entertained. The games section is packed with slots from top casino sites providers such as Pragmatic Play and NetEnt. In the live casino you can play traditional table games with real dealers and immersive game shows. What can I bet on this month at Midnite? It might be summer, but there's still lots of football to bet on at Midnite during June. This includes the newly expanded Club World Cup, which features Premier League sides Chelsea and Manchester City, along with the newly crowned Champions League winners Paris Saint-Germain. June is also a busy time for tennis, with the women's and men's HSBC Championships in consecutive weeks at the Queen's Club in west London, before the action moves south for Wimbledon. Some of the biggest horse racing events of the Flat season take place, with Royal Ascot following hot on the heels of the recent Epsom Derby and The Oaks, the third and fourth English Classics of 2025. Other sporting highlights in June include the start of England's Test match cricket series with India, the Canadian and Austrian F1 grands prix, the men's US Open golf and basketball's NBA finals. If you take advantage of the Midnite sign-up offer you can use your free bets on any of these events and the many others covered by the operator's sportsbook. Complete guide to Midnite promo codes There are a variety of different Midnite sign-up offer deals available and you can select the one that you want to use, simply by entering the relevant promo code when registering. We have listed the various Midnite bonus code details below, giving you access to the various welcome bonuses that are on offer. Advantages and disadvantages of Midnite There are plenty of reasons to recommend the sign-up offer from Midnite and its overall product, but as is the case with any betting site, it does have some weaknesses. Take a look at the table below where we have listed the advantages and disadvantages of betting with Midnite. Midnite new and existing customer offers As we've established, the Midnite sign-up offer is a generous one that is well worth taking advantage of when you open an account with this betting site. As well as a sports welcome offer, there are also racing and casino bonuses. Once your account is up and running, there are also a number of regular promotions for Midnite users to enjoy. Let's take a look at what's on offer. Midnite Racing welcome offer For fans of the Sport of Kings there is a welcome offer specific to racing. To qualify, it's the same process as with the regular Midnite sign-up offer. Bet £10 on a pre-event acca that features at least four legs and has minimum odds of 3/1 (4.0). You then receive £20 of free bets and 50 free spins to use on Big Bass Splash. The free bets come in the form of four £5 horse racing bet vouchers that can be used as a win only singles or accas. Midnite Racing welcome offer T&Cs: Free bets can be used as £5 win-only single or win-only acca. Rewards are non-withdrawable and expire seven days after crediting. Returns exclude free bets stake. Free bets will be credited upon settlement of your qualifying bet(s). This offer is valid once per user, account, IP address, computer or device, family, household address, telephone address, debit card or e-payment account, email address and shared computer or device. Free bets cannot be used in conjunction with any other promotion. Take a look at our dedicated Royal Ascot free bets page ahead of the meeting Midnite Casino welcome offer If you would rather use Midnite for the operator's casino than its sports betting section, then this welcome offer could be the one for you. Bet £20 on eligible games within the casino and you get 100 free spins to use on Big Bass Splash. Midnite Casino welcome offer T&Cs: Free spins are valued at 10p per spin, are non-withdrawable and expire seven days after crediting. Free spins will be credited upon settlement of your qualifying wager(s). This offer is valid once per user, account, IP address, computer or device, family, household address, telephone address, debit card or e-payment account, email address and shared computer or device. Free spins cannot be used in conjunction with any other promotion. Bet Club You can scoop a £5 free bet each and every week with Midnite's Bet Club promotion. To qualify you must opt in to the deal and place a minimum of five single bets that have a minimum stake of £5 and with odds of at least 1/1 (2.0). Bet Club offer T&Cs: To qualify a player must opt in via the promo page weekly for that specific week's promotional period. The promotional period runs from Monday to Sunday each week. To qualify you must place a minimum of 5 x £5 cash win single bets with a minimum odds of 1/1 (2.0). Free bets are credited as 1 x £5 free bet voucher upon settlement of your fifth qualifying bet and will expire after seven days. A player can only qualify for 1x £5 free bet voucher per promotional period. Acca Club Fans of accumulators can also enjoy a free £10 multiple bet each week via Midnite's Acca Club promo. To qualify, place two £10 pre-match accas with at least four legs at minimum odds of 4/1 (5.0). Acca Club offer T&Cs: To qualify a player must opt in via the promo page weekly for that specific week's promotional period. The promotional period runs from Monday to Sunday each week. To qualify you must place a minimum of 2 x £10 pre-match cash accumulator bets with a minimum of four legs, at minimum total odds of 4/1 (5.0). Free bets are credited as 1 x £10 free bet voucher upon settlement of your second qualifying bet, valid for seven days on one pre-match accumulator with 4+ legs. A player can only qualify for 1x £10 free bet voucher per promotional period. Check out the bet365 bonus code if you're on the hunt for a new bookie. Bet Builder Club The flow of regular bets also includes bet builders. With Midnite's Bet Builder Club you can help yourself to a free £5 bet builder each week. To qualify, place a £10 bet builder each week, with minimum odds of 3/1 (4.0). Bet Builder Club offer T&Cs: To qualify a player must opt in via the promo page weekly for that specific week's promotional period. The promotional period runs from Monday to Sunday each week. To qualify you must place a minimum of 1 x £10 cash bet builder with a minimum odds of 3/1 (4.0). Free bets are credited as 1 x £5 bet builder free bet voucher upon settlement of your first qualifying bet and will expire after seven days. The promotional period runs from Monday to Sunday each week. A player can only qualify for 1x £5 free bet voucher per promotional period. MLB free spins Baseball bettors are rewarded with free spins at Midnite. Place a £10 bet on any pre-match Major League Baseball market at minimum odds of 1/1 to qualify. Once that bet has been settled you will then receive 10 free spins to use on Big Bass Amazon Xtreme. MLB free spins offer T&Cs: To qualify a player must opt in via the promo page and accept your 10 free spins on Big Bass Amazon Xtreme. Place a minimum £10 pre-match bet on Major League Baseball. Your pre-match bet must have minimum odds of 1/1(2.0). Your qualifying bet must settle during the promotional period. Your 10 free spins are credited upon settlement of your first qualifying bet. Pre-built boosted bet builders do not qualify for the promotion. Free spins are valued at 10p per spin, are non-withdrawable and expire 48 hours after crediting. Daily Scratchcard There is a free scratchcard game to play every day at Midnite. With the Daily Scratchcard you are aiming to match three prizes to win, with small free spins and free bet rewards available. Play for six days in a row and you will unlock the Mega Scratchcard. This has bigger prizes on offer, including a £100 free bet voucher. Daily scratchcard offer T&Cs: Free bet vouchers and bet credits can only be used on Midnite sportsbook (excluding horse racing), are non-withdrawable and stakes not included in returns. Free bet vouchers expire two days after crediting. Free spins expire one day after crediting. Midnite sponsorship deals As a fresh name on the betting scene, Midnite have been actively trying to gain more brand recognition through sponsorship deals. In April 2025 it became the betting and casino partner for the World Snooker Championship. And in June it was announced that Midnite would sponsor 5's coverage of the 2025 Club World Cup. Such sponsorships increase the likelihood of Midnite offering topical promotions based around these and other events they back, so it could pay to keep an eye out for news of such partnerships. How does Midnite rate on Trustpilot? Midnite launched in 2022, so it is a relatively new betting site. As such, many bettors could have their doubts about opening an account with the operator. In such instances it's always worth taking a look at Trustpilot reviews, which provide a measure for the general satisfaction of users. As you can see from the table below, Midnite compares well with much more established betting sites. Betting site Trustpilot reviews Trustpilot score Sky Bet 3,456 3.7 Paddy Power 5,290 3.5 Midnite 1,155 3.2 bet365 5,570 1.3 William Hill 6,471 1.3 Midnite and safer gambling Midnite takes the subject of safer gambling seriously, with the topic being explored in its Responsible Play section. The section features a number of articles on the topic. This includes an overall guide to playing responsibly, along with further articles on cooling-off periods, reality checks, self-exclusion, deposit limits and a list of organisations to contact if you need additional help. These articles help you to identify if you have a gambling problem and provide you with the tools to help. These include contact information for the likes of Gamcare, GambleAware and Gambling Therapy, who you should not hesitate to contact if you feel that you are having any issues with gambling. Midnite app The dedicated mobile betting app from Midnite allows you to enjoy its various products and services, no matter where you are. As the name might suggest, the Midnite website has a black background, which you might think would be problematic on the smaller screen. Thankfully the clear design and the bright green text with which the odds are displayed make it easy to digest visually. The home page of the app features curated events of the day for big sports such as football, racing and tennis. Bets with boosted odds are highlighted, as are popular accumulators. A menu of available sports and betting categories runs across the top of the page for easy access. There's also a search function, plus easy links to the in-play section, slots and live casino. Placing a bet is a smooth process, with lightning-fast loading times. A betting app needs to provide a reliable platform to place a bet quickly and Midnite has produced one that does just that. Midnite deposit and withdrawal options After you make your first deposit when triggering the Midnite sign-up offer, we hope that it won't be long before you are looking to withdraw some winnings. Payments are an important aspect of any betting site and in this section we are going to explore the options available at Midnite. Midnite deposit methods Here are the deposit methods that are available at Midnite, along with the key details. Midnite withdrawal methods Now take a look at the available withdrawal methods at Midnite. Why should I join Midnite? Midnite was launched in 2018 and has made great strides to become one of the top betting sites in the UK. Initially it was a sportsbook with a specialism in Esports, but in recent years horse racing betting and a casino have been added to the mix, making Midnite something of an all-rounder. Our Telegraph Betting review found that more than 30 sports are covered, while there are over 1,800 slots games available in the casino. Midnite has features such as bet builder and cash out available, along with live streaming, though at the moment that is limited to horse racing and Esports. We would expect Midnite to expand its offering of such features as the brand grows and the same goes for its range of promotions, which are varied but lacking in numbers when compared with more long-established betting platforms. Yet while there is clearly room for growth, there is already plenty of reason for bettors to give Midnite a try. It has one of the best sports betting apps around and it has particular appeal among a younger audience with an interest in Esports. What to consider when joining Midnite There are a number of reasons to open an account with this betting site and take advantage of the Midnite sign-up offer. Yet as is the case with any online bookmaker, there are also a number of factors to consider when you open a Midnite account. Here are a few things of which you should take note. Gamble responsibly Gambling is only fun if done responsibly. Midnite helps you to achieve this with a dedicated responsible gambling section that gives you access to helpful tips, tools and contacts. UK licensing Beware of bookies that are not licensed by the United Kingdom Gambling Commission. The UKGC puts in place a number of regulations to protect the interests of punters. Midnite is UKGC-licensed, so you know that it will adhere to these. Free bets expiry It is normal for there to be an expiry date for any free bet deals. In the case of the Midnite sign-up offer, the free bets expire within seven days. One-offer-per-household restrictions Another rule that is common among the terms of conditions is for the promotion to be limited to just one person per household. So if you go for the Midnite betting sign-up offer, other people that you live with, such as your partner or family members, will be exempt from the promo. When free bets are released With this sign-up deal you will have to wait until your qualifying bet has been settled before you receive your free bets. Bet type restrictions Often, certain types of wagers are restricted for qualifying bets and/or free bets. In the case of the Midnite deal, the qualifying bet must be an acca and the free bets are split between a pre-match single, an in-play bet, an acca and a bet builder. Free bet restrictions There can be further restrictions with free bets such as minimum odds. With Midnite's £5 free bets, the acca has minimum odds of 4/1, the bet builder must be 3/1 or more and the single bet must be at least 1/1. Wagering requirements Free bets or free spins can sometimes have a wagering requirement. This means that you have to bet any winnings a certain amount of times before you can make a withdrawal. There are no wagering requirements to fulfil with the Midnite sign-up offer. Additional documentation It is the responsibility of a betting site to properly identify its customers. Generally this can be done with a quick electronic check, but when this doesn't work, it may be necessary for you to supply additional documentation such as your passport or driving licence. How does Midnite compare with other bookmakers? Midnite is attempting to mix it with the top betting sites in the UK, many of which have been established for many years. Here's how Midnite compares right now with the best betting sites in the business. Author's verdict on Midnite 'With any new betting there is a period when you have to give them a little grace and time to develop. In the case of Midnite, the slick design and Esports expertise were the selling points at first, but now I feel that it has grown into a great all-round choice.' Midnite sign-up offer FAQs How do I get my Midnite sign-up offer? There are a trio of Midnite betting sign-up offer deals available. Choose from sports betting, racing and casino promotions when registering and then follow the qualifying requirements of the offer that you have chosen. How do I claim my £20 free bet on Midnite? To get your £20 free bet with the Midnite sign-up offer, deposit and bet £10 on an acca with at least four selections and minimum odds of 3/1 (4.0). Once that bet is settled you will receive 4 x £5 free bet vouchers, for a pre-match single, in-play single, acca and bet builder. Does Midnite offer bonuses? Midnite has three separate welcome offers, for sports betting, horse racing and casino. In addition, it also has a number of promotions for regular users, including a number of bet clubs that give a variety of free bets on a weekly basis. Can I trust Midnite? Midnite is licensed by the United Kingdom Gambling Commission. To gain and keep a license from the UKGC, it is necessary for betting companies to adhere to strict rules and guidelines, which are in place to protect their users. What sports can you live-stream on Midnite? Midnite offers live streaming on horse racing and eSports. It is a relatively new brand, having only launched in 2018 and in time, there is every chance that it will add more sports to its live-stream offering. Does Midnite have an app? Midnite has one of the best betting apps available. It has a slick and clear design, with superfast loading times. We found the navigation to be extremely intuitive, making it easy to find whatever sport or section that you want to bet on.
Telegraph
43 minutes ago
- Telegraph
Labour's latest EPC idea would be laughable if it weren't so pernicious
I've said it before and I'll say it again: sometimes I feel I live in an alternative reality. I don't know how this escaped me, given how up to speed I am with all things EPC (I always need some good bedtime reading), but I can only think after my last painful and expensive experience where I tried to achieve a grade 'C' and failed, I switched off. It's the only explanation I can find for how I missed the latest shenanigans when it comes to the EPC proposals for 2030 – they apply to all 'rentals'. We're not just talking about private rentals now. Nope, these plans are so much wider reaching and damaging than I had ever realised, because the proposal is to also include all holiday lets, temporary accommodation such as immigrant housing and social housing. Now, you may not know this, but holiday letting and social housing currently do not have to comply with any EPC regulation, so have been spared the burden while the private sector has had to carry it. Anyway, the good news is that all of these rental sectors are apparently going to be measured by the same metric as the private sector. It's a surprise move given the level of outright discrimination landlords have had to suffer, but I can only surmise Labour wants to spread misery to every corner of the housing market for full impact. It's also the only reason I can think of – apart from money making – for the fines increasing to £30,000 for non-compliance. However, while I welcome the equality, I have no idea if Angela Rayner is secretly planning to bring a load of talented tradespeople over to fill the gaping skills gap. Currently, there's no way all rental properties can be retrofitted to meet the 'C' grade standard by 2030. And anyway, does anybody care to remember that there is still a cost of living crisis going on? I'm not sure where all this extra cash is going to come from. Landlords have been squeezed in recent years and few are likely to have the sort of sums required for upgrades to hand. There are ways to improve your EPC rating, without breaking the bank, but the Government's target is still unrealistic. But this is all before we even get to the heart of the matter, which is the unreliability of the EPC test in itself. This has been proven time and time again to be defective – and yet still they persist. To give just one example, electricity is more expensive and so even though only using electricity to heat your home is better for energy efficiency, the expense means you will get a worse EPC score. Last week Labour unveiled a reformed EPC assessment with more stringent criteria that is more expensive for landlords and could see properties drop a rating. What is it with brick walls and banging your head? The worst thing is, I feel like a fool. I try to be a good landlord. I try to see what I can do to get to an EPC 'C' because even if I don't like all the noise and stuff going on, I know my tenants appreciate upgrades that make properties cheaper to run, particularly given the Government still hasn't got a handle on the utility bills crisis. Such is the level of this eco Shakespearean farce that it's little wonder to learn about the lack of enforcement when it comes to EPC certificates. Since 2020, private landlords have been unable to let a property unless it got an 'E' or was exempt. But – and here's the plot twist: a Freedom of Information request by technology provider Reapit has found only 147 fines were issued between October 2008 and August 2024, and only by Liverpool, Bristol and Newham for non-compliance. Now, before you start getting all excited, I have to remind you – if you don't have a valid EPC, you'll get fined. But more importantly, for anybody thinking of flouting the law, if you don't have a valid EPC certificate at the start of the tenancy, trying to recover possession will be extremely difficult. Providing a tenant with an EPC is a legal requirement, and if landlords have not done this correctly, they will not be able to use a s21. notice to evict a tenant. And that, dear reader, is the madness of the world we live in: the tenant may not be paying rent and may well have destroyed your property, but if you haven't got the right EPC and served it on the right day, you can kiss goodbye to what was once yours.
Reuters
44 minutes ago
- Reuters
Swedish government plans to ease mortgage rules to help first-time buyers
STOCKHOLM, June 17 (Reuters) - Sweden's government said on Tuesday it planned to ease mortgage rules to help first-time buyers and those without capital for a deposit to get into the housing market. Under the plan, people wanting a mortgage will be able to borrow up to 90% of the value of their property, up from the current 85%. A current requirement for the heaviest borrowers to pay back 3% of their loan each year will be dropped. The new rules are expected to be introduced at the start of next year. "The new proposals will make it easier, for example, for first-time buyers and young families to get onto the property ladder," Housing Minster Andreas Carlson said. "At the same time, we have taken into consideration financial stability through measures to hold back indebtedness." The proposal broadly reflects recommendations in a white paper last November. Critics have said that tough mortgage rules, introduced after the financial crisis of 2008-9, are necessary to reduce risks in the banking system. Swedish home-owners are among the most highly indebted in Europe, with debts of around 180% of disposable income, down from a peak of around 200% in 2021. Most mortgages are floating rate, making households sensitive to interest rate changes and amplifying swings in the economy. The government said it also planned to strengthen the central bank's role in macroprudential oversight. The central bank will take over responsibility for setting the level of banks' countercyclical financial buffer, which has up to now been set by the Financial Supervisory Authority.
