Gas-station and convenience-store operator EG Group, owned by British brothers Zuber and Mohsin Issa, is readying another massive debt sale, this time to fund its purchase of the remaining assets of U.K grocer Asda, Bloomberg News reported. EG Group approached investors this week to test appetite for the equivalent of 1.5 billion pounds ($2.1 billion) of high-yield bonds and leveraged loans. The deal, which will be led by Barclays Bank Plc, is expected to launch as soon as this week following EG’s earnings results due Thursday.
Airlines say they've already seen a surge in bookings, following the Prime Minister's announcement of the road map out of lockdown, BBC.com reported. U.K. Prime Minister Boris Johnson said that a global travel taskforce would put forward a report on how to return to international travel on 12 April. The government would then make a decision on removing restrictions on international travel. However, this would not happen until 17 May at the earliest. Tui reported that they had had their best day of bookings in over a month, with strong interest in Greece, Spain and Turkey for the summer.