Payment firm surges on bids

Worldpay, the UK payment-processing company that listed in London two years ago, said it has received preliminary takeover approaches from Vantiv and JPMorgan Chase.

Worldpay shares surged as much as 26% in London, giving the former payment-processing division of Royal Bank of Scotland a market value of £7.8bn (€8.89bn ).

Other payments companies also gained, with Germany’s Wirecard and France’s Worldline climbing 5.3% and 4.4% respectively.