Rolling coverage of the latest economic and financial news, on a shortened Christmas Eve trading session in London

It’s been quite a busy year for takeovers in the City, and the drama isn’t over yet.

Maritime analytics firm Windward has agreed to be snapped up by an investment fund in a £216m deal announced this morning.

“Windward has become firmly established on the world stage, but as an organisation we recognise there remains an untapped opportunity ahead to further transform additional spheres of global trade.

Following due consideration, the Windward Independent Directors believe this transaction is in the best interests of all stakeholders, including our shareholders and employees; providing the environment to facilitate this expansion and support the future growth of the company.”