Number of takeovers and mergers halved in 2022 but ‘bargain basement prices’ to turn tide in 2023 December 27, 2022 The number of big takeovers and mergers involving UK-listed companies nearly halved this year as investors were deterred by market volatility, political instability and recession fears. But the tide is set to turn in 2023, with buyers eyeing up quality British companies trading at “bargain prices”, experts said. There were 49 bids for London-listed firms [...]
London Stock Exchange rejects £32bn Hong Kong takeover bid September 13, 2019 The London Stock Exchange (LSE) has rejected a £32bn takeover offer from Hong Kong Exchanges and Clearing (HKEX), citing “fundamental concerns” around the bid. LSE said it saw “no strategic merit” in the proposed takeover, which would have put an end to its mammoth $27bn (£22bn) merger with Refinitiv. Read more: Hong Kong bid for [...]
Polymetal International hires new chair after boardroom exodus March 22, 2022 Polymetal Internationa has hired Riccardo Orcel as its new chair - following the mass exodus after Russia's invasion of Ukraine.
Sajid Javid could block Hong Kong bid for London Stock Exchange September 13, 2019 Chancellor Sajid Javid is set to decide on whether or not to block a £32bn bid from Hong Kong for the London Stock Exchange as a government intervention appears imminent. Javid is reportedly mulling whether to step in on public interest grounds, citing national security and financial stability risks after the Hong Kong Stock Exchange [...]
Can Tulip Siddiq get Labour’s City plans blooming? March 23, 2023 Labour's Shadow City minister talks facing off against her opposite number and the struggle for the Square Mile.
Hong Kong bourse proposes £32bn merger with London Stock Exchange September 11, 2019 Hong Kong Exchanges and Clearing (HKEX) has made a surprise proposal to buy the London Stock Exchange (LSE) in a £30bn tie-up, it said this morning. Read more: London Stock Exchange seals $27bn Refinitiv deal Yet it said the deal is subject to LSE’s mammoth $27bn (£22bn) merger with financial data provider Refinitiv falling through. [...]
Close Brothers faces uncertain future as FCA motor finance probe sparks crisis February 15, 2024 Close Brothers shares collapsed on Thursday after it cancelled its dividend for the current financial year and announced that 2025 payouts would be placed under review amid a City watchdog probe into motor finance - a major part of its business model.
Costain’s shares plummet after it announces whopping £53.5m National Grid payment December 13, 2021 Costain's shares dropped 7.64 per cent after it announced an eye-watering £53.5m payment after a dispute over a gas station contract with National Grid.
Gilbert’s AssetCo buys Edinburgh asset manager to bolster Scottish business June 21, 2022 Martin Gilbert’s asset management vehicle AssetCo has snapped up Scottish firm SVM Asset Management Holdings for £10.7m, as it looks to broaden its footprint north of the border.
Good Energy pushes forward with transition to green lifestyle brand in bid to stand out from Big Six suppliers March 28, 2023 Good Energy's profit margins have been slashed. with higher prices for households not keeping pace with last year's spike in gas prices.