US hedge fund Elliott thought to prefer IPO in London over New York, which could be welcome boost to UK stock market

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The owner of Waterstones and Barnes & Noble is reportedly preparing to list the booksellers on the stock market.

Elliott Investment Management, the hedge fund that owns the most popular bookstores in the US and the UK, has spoken to potential advisers about an initial public offering (IPO), the Financial Times reported.

US-listed company, whose profits have been in decline since the pandemic, will be taken over by Picea

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The US company behind the Roomba robot vacuum cleaner has filed for bankruptcy protection and agreed to be taken over by one of its Chinese suppliers.

iRobot, which is best known for debuting the Roomba vacuum cleaner in the early 2000s, will be taken over by a subsidiary of its main supplier, Picea Robotics.