Shares in company set up by former GCHQ experts soar on debut as it emerges as major British tech listing of the year.
The capital's IPO market enjoyed a robust start to the year but the collapse in Deliveroo’s value on admission has cast doubt on how well London can host tech companies.
(Reuters) -Bookmaker William Hill moved closer to being taken over by Caesars Entertainment on Tuesday, saying it had gained approval in a British court for the 2.9 billion pound ($4 billion) deal, which was opposed by minority shareholder HBK. William Hill shares fell more than 2% to 271.9 pence at 1208 GMT after the bookmaker said in a statement that the so-called scheme of arrangement for the deal was likely to become effective on Thursday after it was permitted by the court. This approval followed a hearing last month, William Hill, which operates around 1,400 betting shops in Britain, added.