ProCook outperforms UK kitchenware market following stock market debut January 18, 2022 Kitchenware brand ProCook has posted 34.6 per cent revenue growth for the third quarter, in results on Tuesday morning. The firm reported revenue growth of 104.1 per cent on a two year like-for-like basis. The retailer made its debut on the London Stock Exchange following an initial public offering at 145p per share, which valued [...]
Clipper shares climb 14 per cent on GXO takeover offer February 21, 2022 Clipper logistics saw shares climb 14 per cent today following news the company is being courted with a £947m takeover offer from US suitor GXO.
UK wealth management fund True Potential eyes $2bn US Spac float June 18, 2021 UK wealth management fund True Potential is eyeing a potential $2bn Spac listing in the US, according to reports, snubbing the London Stock Exchange for Wall Street. Credit Suisse’s US bankers have tabled plans to merge the management fund with a special purpose acquisition company, the Evening Standard first reported. Working with nearly 20 per [...]
LSE boss: London likely to keep EU clearing role long-term November 3, 2021 The chief executive officer of the London Stock Exchange has said he expects the EU will permit its banks to carry on clearing trades through London. David Schwimmer said the LSE is negotiating with the bloc and clients to resolve the issue of what clearing arrangements should look like in the long-term post-Brexit – one [...]
Podcast platform Audioboom hits high note with 125 per cent revenue boost January 10, 2022 Nick Candy-backed podcast Audioboom records a revenue boom of 125 per cent, making it the fourth largest publisher in the US.
London IPO activity plunges as market volatility puts a stop to listings boom July 7, 2022 The amount of cash raised via initial public offerings in London plunged in the first half of the year as firms pull back from the public markets amid extreme volatility and historic levels of inflation, new data has revealed.
Voyager Air grounds plans for London Stock Exchange listing July 18, 2019 An aircraft leasing firm has stalled its planned initial public offering (IPO), becoming the second major company in a fortnight to put off its float in London. Voyager Air has halted its ambition to raise $200m ($160m) through an IPO on the London Stock Exchange, blaming “currently unfavourable” market conditions for the move. Read more: [...]
Cazoo: The full story of how online car retailer went from $8bn valuation to staring into the abyss February 1, 2024 The online car retailer, Cazoo, just three years old at that point in August 2021, was now worth $8bn, having decided to snub London and float across the pond.
Redcentric looks forward after FCA prosecutes former finance chief for misleading investors February 14, 2022 IT services provider Redcentric has said it hopes to move on following the prosecution of a former top dog for misleading investors. A case led by the financial regulator culminated in the company’s former chief financial officer, Timothy Coleman, being found guilty of four charges relating to the making of false and misleading statements to [...]
Hong Kong vows to chase London Stock Exchange after £32bn bid rejected September 13, 2019 Hong Kong Exchanges and Clearing (HKEX) has vowed to pursue a takeover of the London Stock Exchange (LSE) after its £32bn bid was unanimously rejected by the board. Read more: London Stock Exchange rejects Hong Kong takeover bid HKEX said its proposal offered a “highly compelling strategic opportunity to create a global market infrastructure leader”. [...]