Business

Imagination Tech soars on buyer news

Trader in London Image copyright Getty Images

Shares in the former Apple supplier, Imagination Technologies, jumped 28% after news over the weekend that Canyon Bridge Capital Partners will buy the firm for 182p a share.

Earlier this year, its share price lost 60% after Apple, its main customer, dropped it.

Biggest FTSE loser was private hospital group Mediclinic International, down more than 5% to a new 12-month low.

The FTSE 100 index ended the day down 9.35 points or 0.13% at 7,301.29.

The euro slipped after Germany's election result.

The pound fell 0.2% against the dollar to $1.3469. Against the euro, it was up 0.67% to 1.1364 euros. The euro was down 0.78% against the dollar at $1.1855.