FTSE 100 rose as investors welcomed the passing (finally) of Joe Biden’s US$1.9trn stimulus measures. London’s blue-chip index rose 41 to 6,671.
customers will be offered up to £50mln of shares in the takeaway delivery company’s upcoming £7.5bn IPO. The firm’s turquoise-liveried couriers will also be rewarded with a new incentive scheme that at the top end might net them £10,000.
has been classified as the newest British unicorn after it raised £272m in a new funding round from investors including Fidelity and the Qatar Investment Authority. The offer valued the online bank at £1.1bn, well above the US$1bn threshold for private businesses to be described as tech stars or unicorns.
BT has played down reports of tension in the boardroom saying: “There has been no misalignment between the board and executive management over the company’s strategy.” Sky News said last week that the telecoms firm was given an ultimatum by chief executive Philip Jansen over the position of chairman Jan du Plessis.
Among the small caps, () () has completed the acquisition of 320 acres of land in West Texas, US. The Texas acreage cost an initial US$5mln satisfied by the issue of around 3.5mln new shares.
Middle East drilling group ADES International () has agreed to be taken private by a consortium including Saudi Arabia’s sovereign wealth fund in a deal worth US$516mln. The recommended US$12.50 a share offer represents a 40% premium to Friday’s closing price.
(NASDAQ:AMYT, ) has signed an agreement with Medison Pharma Canada, which will distribute the drug Myalepta in the country. It completes the multi-regional distribution deal with Medison announced in February.