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Currys was valued at £728m on Friday, so the Monday morning move has wiped about £80m from the company’s notional value.
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There will be no bid battle to drive a juicy takeover premium for shareholders in the FTSE 250 company – for now at least.
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Chinese online retailer JD.com has also expressed interest. It has another week to make a firm offer or to walk away.
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Good morning, and welcome to our live coverage of business, economics and financial markets.
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Bitcoin went through a deep “crypto winter” after hitting its previous heights, but after a remarkable rally it is now hitting new heights above $71,000.
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The cryptocurrency on Monday morning UK time hit a record of $71,209, adding further to a rally from less than $16,000 in late 2022.
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The price of bitcoin had surged to a record of $68,550 in November 2021 amid euphoria from retail investors – many of whom had received money to help them through the coronavirus pandemic lockdowns. Historically low interest rates were also thought by many economists to have helped drive the price…
Read More: Bitcoin hits new record high above $70,000; US investor ends Currys chase – business live
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