FTSE LIVE: Eddie Stobart prepares for crucial vote; Saudi Aramco goes ahead with biggest float in history; Thomas Cook customers face delayed refunds
- Eddie Stobart investors set to vote on whether to accept £55m loan
- Aramco priced its IPO at $8.53 a share on Thursday, the top of its range
Embattled trucking firm Eddie Stobart is facing a key shareholder vote on its future today as it struggles with bank debts of £200million.
Shareholders are set to vote on whether to accept a £55million high-interest loan from former owner Dbay, which would take 51 per cent of the company in exchange.
Further afield, the share price set for state-owned oil giant Saudi Aramco on Thursday has made its flotation the biggest in history and sees Apple toppled as the world’s most valuable listed firm.
In currency markets, the pound is down against the US dollar and the euro this morning.