JD Sports is to buy fellow retailer Footasylum in a deal valuing the company at more than £90 million.

The sportswear chain said it has agreed to pay 82.5p per share for the company, marking a 77.4 per cent increase on Footasylum's closing price of 46.5p last week.

It comes just a month after JD said it had no intention of making an offer despite acquiring a stake of 8.3% in the firm, which was later raised to more than 18%.

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Pentland, the majority shareholder of JD Sports, also has a 2.6% holding in Footasylum.

Worldpay is to be taken over by US firm Fidelity National Information Services (FIS) in a $43 billion (£32.4bn) deal.

The cash and shares tie-up will see Florida-based FIS, a financial services technology company, take control of 53 per cent of the combined group, with Worldpay's investors holding the remainder.

The combined company is expected to generate about $12.3bn (£9.2bn) in pro-forma revenue in 2018.

"Scale matters in our rapidly changing industry," said Gary Norcross, chairman and chief executive officer of FIS.: 

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"Upon closing later this year, our two powerhouse organisations will combine forces to offer a customer-driven combination of scale, global presence and the industry's broadest range of global financial solutions."

Worldpay was previously owned by the Royal Bank of Scotland.

Serco has won a 115 million Australian dollar (£61.7m) contract to manage a prison in Adelaide.

The outsourcer obtained the seven-year contract, which can be extended by up to five years, from the South Australian Government.

The Adelaide Remand Centre accommodates up to 274 prisoners and will be upgraded as part of the contract to increase occupancy.

Serco's boss Rupert Soames said: "The contract expands what is traditionally undertaken in remand and focusses on providing a broad range of reintegration support services to all prisoners from the very start of the process."