But since then gold prices have soared, and last night hit the highest level in five months at $1,871 an ounce.
It is the second major listing Mordashov has on the London stock exchange, following on from steel giant Severstal which went public in 2006.
While many will cheer another multi-billion float, others in the City have reservations. Many of Russia s oligarchs have made their fortunes through natural resources – but their companies have sometimes raised eyebrows when they have joined the LSE.
London-listed aluminium producer EN+ suffered when it was hit by US sanctions imposed on a number of Russian firms after the country was blamed for the attempted assassination of dissident Sergei Skripal and his daughter Yulia in Salisbury in 2018.
At the height of the pandemic last year 9m workers in Britain were on furlough.
That is believed to have fallen even further in May.
Chancellor Rishi Sunak said: These figures show the scheme is naturally winding down as people get back to work and take advantage of the opportunities out there in the jobs market. We ll continue to support those who need it through to September but I am hopeful that we ll see more people moving back in to work as we continue on the road to recovery.
Tim Moore, economics director at IHS Markit which compiles the PMI surveys, said: UK service providers reported the strongest rise in activity for nearly a quarter-century during May as the roll back of pandemic restrictions unleashed pent up business and consumer spending.
The sun is out at last and convertible owners are putting down the roof to soak up some rays while enjoying the freedom of wind-in-the-hair motoring.
And you d think it would be those sun-kissed continentals from the South of France, Spain and Italy who would be the biggest convertible fans. Well, not so.
Despite the relatively inclement weather on our wind and rain-swept island, most car-makers report that the UK is the convertible capital of Europe.
On the open road: Volkswagen’s T-Roc is one of Britain s best selling convertibles and currently the only open-top model VW offers
In truth, the sun doesn t even need to be out for resilient wrapped-up Britons to be driving alfresco. Indeed, well into autumn, and even winter, it takes little excuse to lower the hood.
Parsa s firm operates two key branches – an app, which allows people to hold appointments with a doctor over their mobile phone, and a range of digital self-care tools such as symptom checkers run by artificial intelligence and advice services which help customers manage health conditions.
The business, which charges for its services in countries where healthcare is not state-funded, has also partnered with the NHS to allow patients to see an NHS doctor for free via their phone.
Babylon serves 24m people across the world, and in 2020 helped one patient every five seconds.
Its merger with Alkuri will value Babylon at £3billion – and Parsa owns around a third of the business, valuing his stake at £1billion.
East End Houston is getting a new innovation manufacturing center that is expected to create 1,000 new companies within the next five years in the Houston area.