Augean, a waste management firm, saw its shares jump 16% this morning after it agreed to be bought by Eleia, a special purpose vehicle formed by investment funds managed by Ancala Partners and Fiera Infrastructure, for £341.2 million. Meanwhile, British subprime lender Amigo fell 4.5% after the management announced higher losses.

In other news, it looks like British supermarket chain VM Morrison is about to enter the FTSE 100 index, with Index manager FTSE Russell placing Morrisons on its "indicative FTSE 100 Additions" list yesterday. It said it would make a final announcement on Wednesday Sept. 1.

WM Morrison is highly coveted and its share jumped by more than 60% since it received a £5.52 billion takeover bid from private equity firm Clayton, Dubilier & Rice (CD&R) in June. But in July, it accepted another offer from Fortress Investment. The group is now valued at about £7 billion. Dechra Pharmaceuticals and British engineering group Meggitt are also expected to enter the index.

Meanwhile, Just Eat Takeaway, as well as British broadcaster ITV and engineering specialist Weir Group, should get the boot.

 

Things to read:

Robert Armstrong: The ESG Investing Industry is Dangerous (Financial Times)

Euro Near Nine-Month Low as Fed, ECB Policies Diverge (WSJ)

Powell should send a message on phasing out QE (Bloomberg)

Top T Rowe Price fund manager David Giroux cuts stocks exposure (Financial Times)