Thursday , 21 May 2026

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Deliveroo seeks to raise $1.4bn in London IPO

Bloomberg Food-delivery company Deliveroo is seeking to raise 1 billion pounds ($1.4 billion) in a London stock market listing, buoyed by a rise in demand for its services during lockdowns. Besides the 1 billion pounds of new stock, some existing investors plan to sell shares, Deliveroo said in a statement, without providing details. Deliveroo, whose backers include Amazon.com Inc., was …

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Dirt-cheap flights are on sale as Covid-hit airlines take on rivals

Bloomberg Dirt-cheap fares are popping up from airlines brave enough to expand or start out amid the Covid crisis, as they try to eke out sales and get a jump on competitors that have pared back operations. Airlines worldwide cut $1 billion of expenses a day last year to cope with the slump in passengers, and that’s given them some …

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Virgin Atlantic planning $223m in new financing

Bloomberg Virgin Atlantic Airways Ltd. is set to raise 160 million pounds ($223 million), as part of a financing package to sustain the carrier ahead of the expected reopening of international travel in the coming months. Richard Branson’s Virgin Group is set to provide the bulk of the funds, putting up about 100 million pounds. Another 60 million pounds will …

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