Alinda Capital to raise £350m for floating subscription October 19, 2021 Close-ended investment company Alinda Capital Infrastructure Investments has announced its intention to float on the London Stock Exchange and is raising £350m to offer ordinary shares at an issue price of 100p. The firm is also expected to issue a further 650 million ordinary shares in the 12 months following the placing programme, which will [...]
Asos warns profit will be hit as shoppers return more clothes amid cost of living crunch June 16, 2022 Asos has warned it is expecting lower profit this year after an increase in customers returning clothes due to the pressures of higher living costs. Asos lowered forecasts for the year, with sales anticipated to be in the range of four per cent and seven per cent, which it put down to “market volatility and [...]
Sadiq Khan: London must make ’the most of Brexit’ and attract US talent and investment May 9, 2022 SADIQ Khan said London “needed to make the most of Brexit” as he met with big business leaders in the US yesterday. The Mayor of London is in New York as part of the first leg of his trip to the US in a bid to drive tourism to the capital. He said yesterday his [...]
London Stock Exchange share price hits record high on Refinitiv takeover talks July 29, 2019 Shares in the London Stock Exchange Group (LSE) jumped 14 per cent this morning after it emerged the company is in talks to buy data analytics firm Refinitiv for $27bn (£22bn). Read more: London Stock Exchange in talks to buy data analytics firm Refinitiv for $27bn The company confirmed that it is in discussions with [...]
ProCook mulls IPO as revenues soar October 15, 2021 UK kitchenware retailer ProCook has announced its intention to publicly sell its shares after revenue swelled to over £50m this year. The company, which sells kitchen supplies through its website and via 50 retail stores across the UK, said that if it proceeds with the listing it expects to begin trading on the main market [...]
London Stock Exchange in talks to buy data analytics firm Refinitiv for $27bn July 28, 2019 The London Stock Exchange Group (LSE) is in discussions to buy data analytics firm Refinitiv for $27bn (£22bn) in a blockbuster deal that could see the company take on Bloomberg. The exchange group confirmed it is in talks with Thomson Reuters and a consortium of funds linked to private equity firm Blackstone to acquire the [...]
GlaxoSmithKline clinches cancer specialist Sierra Oncology in $1.9bn deal April 13, 2022 Healthcare giant GSK has snapped up Sierra Oncology, a late-stage biopharmaceutical company focused on rare forms of cancer treatments.
UK satellite company Inmarsat agrees £5.4bn takeover by U.S. rival Viasat November 8, 2021 The British satellite communications company Inmarsat has agreed a $7.3bn (£5.4bn) takeover by the U.S. rival Viasat.
Seven things banks will be looking out for in 2024 December 31, 2023 A challenging year is in the offing for lenders – from regulatory reform to fraud crackdowns
City bosses warn FCA over listings reform that would ‘undermine’ London market October 17, 2021 Proposed restrictions on the number of smaller companies listed on the London stock exchange as part of the FCA’s shake up of the market could “undermine” the City’s competitiveness rather than improve it, a group of City figures has warned. An increase to the minimum market capitalisation for companies to list on the main stock [...]