Uber’s stock market float, set to take place in the next few weeks, is expected to value the San Francisco firm at up to $100bn. Its self-driving car unit has been valued at $7.3bn (£5.6bn), after receiving $1bn of investment by a consortium including Toyota and Saudi Arabia’s sovereign wealth fund.

***

FTSE100-listed fund manager Schroders is at risk of a shareholder backlash after advisory firm Glass Lewis issued a warning about “excessive” bonuses and the appointment of a Schroder family member to its board. It claims Leonie Schroder lacks the experience needed to challenge the firm’s executive team.