Polymetal postpones projects as West ramps up sanctions on Russia April 25, 2022 Troubled Anglo-Russian miner Polymetal International (Polymetal) has seen revenues grow four per cent year-on-year to $616m.
ProCook sets IPO price range up to £200m November 1, 2021 UK kitchenware brand ProCook has today set a price range for its planned IPO which gives the retailer an estimated market capitalisation up to £200m. The company announced a price range for shares between 137p to 185p, making its estimated market capitalisation between £150m and £200m. ProCook said 40 per cent of the company’s issued [...]
Cladding repair bill hits £1.5bn as Redrow and Barratt latest builders to sign up to fire safety pledge April 6, 2022 The total cost for cladding works for the big nine listed housebuilders has hit £1.5bn, as London-listed firms sign up to a government fire safety pledge. According to analysis from AJ Bell, the country’s biggest builders are planning to set aside another £802m in total to tackle unsafe buildings in the wake of the Grenfell [...]
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”. [...]
Ukraine: UK bans Russian banks from clearing payments in Sterling February 28, 2022 The UK will ban Russian banks from clearing payments in Sterling and has frozen the British assets of a further three financial instiutions today. Foreign secretary Liz Truss said the US will also ban Russian banks from clearing payments in US dollars as well. She said that investment firm VEB, Sovcombank and Otkritie Bank will [...]
Marks Electrical shines in half-year results following stock market debut November 18, 2021 Online electrical retailer Marks Electrical reported a 78 per cent boost to revenue in its half-year results, while also posting a lower profit.
Why London shouldn’t chase Silicon Valley in the global tech race: James Wise July 4, 2024 Every week, Charlie Conchie sits down with the biggest names in financial services, tech and fintech. This week, its venture capital investor and author James Wise.
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: [...]
Scandal-hit Rio Tinto suffers heavy drop in iron ore shipments April 20, 2022 Rio Tinto has hiked its production guidance on all fronts for this year, after wrestling with Covid-19 and its lingering controversy.
HydrogenOne backs fuel cell specialists with £10m investment February 14, 2022 HydrogenOne Capital Growth has invested £10m for a minority stake in fuel cell innovation company Bramble Energy.