1. BP to pause Red Sea shipments after attacks
“In light of the deteriorating security situation for shipping in the Red Sea, BP has decided to temporarily pause all transits through the Red Sea,” the company said in a statement.
2. Vodafone jumps as Iliad proposes Italian merger
Under the proposal, Iliad would pay Vodafone €6.5 billion in cash plus an additional €2 billion in a shareholder loan “to ensure long-term alignment”, Iliad said in a statement.
3. FTSE 100 Live: Stocks start the week in festive mood
At the close, London's blue-chip index was up 38.12 points, 0.5%, at 7,614.48 while the FTSE 250 ended little changed at 19,220.55
4. Ryanair boss eyeing €100 million bonus
The bonus itself would mark the largest in European corporate history and comes after Ryanair has benefitted from a rebound in travel demand following the pandemic.
5. Adobe ditches Figma takeover due to regulatory impasse
Both parties conceded that “there is no clear path to receive necessary regulatory approvals” for the merger that was first announced in September 2022.