UK payments

processor Worldpay has been granted a second extension for merger talks with US suitor Vantiv as the firms haggle over terms of the £9billion deal.

The last-minute extension sees Vantiv given until 5pm on August 11 to make a firm offer or walk away under City takeover rules.

Worldpay said “positive discussions” are continuing between the two companies as they thrash out the final details.