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What is the true cost of the UK state pension?

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Fastjet seeks to raise at least 50 mln stg to fund expansion

Reuters - UK Focus

April 1 (Reuters) - African budget airline Fastjet Plc (LSE: FJET.L - news) said it intended to raise gross proceeds of at least 50 million pounds ($74 million) via a placing to fund the expansion of its operations and acquire aircraft.

The London-listed company said new ordinary shares at 1 pence per share would be sold through an accelerated book-building process. ($1 = 0.6747 pounds) (Reporting by Esha Vaish in Bengaluru; Editing by Anupama Dwivedi)