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Bumble shares soar after report dating firm in $1bn takeover talks

Photo: BBC

Shares in dating app company Bumble soared by almost 50% on Monday after a report that it is in advanced talks to be bought for around $1bn (£757m).

Technology holding company Ithaca could announce a deal to buy the Texas-based firm as early as this week, according to the Wall Street Journal.

The jump in Bumble's shares pushed its stock market valuation to over $580m but that is still far below a peak of more than $14bn it reached after listing on the Nasdaq in 2021 .

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BIZBBC News

Publicly owned rail is popular. But is it making the trains run on time?

The early afternoon of Wednesday 6 August was an unremarkable one on the rail network. Then suddenly, shortly before 14:00, a power failure brought trains across the north-west of England to a halt. Chaos ensued: passengers told the BBC they were stranded on platforms for hours, with some having to book hotels for the night. This incident, stemming from a short power cut that affected Network Rail's operating centre in Manchester, was, in itself, unusual. But it added to a difficult summer for train passengers.

BIZBBC News

Heating oil customers face tough winter despite shake-up promise

Heating oil customers facing soaring bills have been promised better regulation of the sector by the government. Ministers say they will tighten up rules, promote competition and give customers clearer compensation routes if things go wrong. Minimum order levels, set for some customers, will be reviewed. With prices close to having doubled in the past year, some campaigners have called for heating oil customers to benefit from the same cap as regular, variable gas and electricity tariffs in England, Scotland and Wales.