Mark Kleinman: What’s next for BT and the City’s ugliest row of 2023 July 13, 2023 Mark Kleinman, City editor of Sky News, writes fortnightly for City A.M. Germans could be on the line at Jansen-less BT Hanging-up time is fast-approaching for Philip Jansen, whose plan to step down as CEO of BT Group next year – revealed by me last weekend – was confirmed on Monday. Sources have told me [...]
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 [...]
London has been riding high on IPOs but must find favour in its post-Brexit status April 28, 2022 Against all the odds, the London IPO markets boomed in late 2020 and 2021, defying the uncertainties of Brexit and the pandemic to bring 126 new companies to market: 60 on the main market and 66 on AIM. In addition to the sheer volume of deals, there was an encouraging pivot to technology, as a [...]
HSBC mulls ditching Canadian business amid Ping An breakup pressure October 5, 2022 HSBC is mulling hiving off its Canadian business in a move that could raise billions for Britain’s biggest bank. The banking giant has asked JP Morgan to identify possible buyers of its Canadian arm. Sky News first reported the news today. If HSBC did leave Canada – where it has built up a sizable £6bn [...]
Cineworld tanks as firm considers share dilution amid dwindling demand August 17, 2022 Cineworld said that despite a gradual recovery of demand since re-opening in April 2021, recent admission levels have been below expectations due to limited film slates.
ProCook London IPO set to stir a near £160m valuation November 10, 2021 ProCook’s upcoming London initial public offering (IPO) is set to secure the gourmet kitchen retailer a nearly £160m valuation. The retailer will offer shares for 145p a piece, which will rally the £158m valuation. “We have been thrilled with the level of interest and support from a range of institutional and retail investors,” CEO and [...]
Pubs are vital parts of our community: they urgently need a tax cut August 16, 2022 If the pandemic taught us one thing, it’s that the City is far more than traders, brokers and bankers. It’s the teams who packed up a host of high-end kit on a Friday and parked it in front rooms in the Home Counties in time for Monday’s open; the insurers and the compliance bods who [...]
Eve Sleep hunting for new owner as mattress giant is in need of fresh cash June 6, 2022 Online mattress seller Eve Sleep said this morning it is hunting for a new owner after telling shareholders it needs new investment to expand. The company said it is looking for a new owner or at least a major investor to help fund the push into the “wider sleep wellness space”. Eve had been speaking [...]
Not happening: Sadiq Khan cancels New Year’s Eve events in central London as Omicron cases surge December 21, 2021 As cases of the Omicron Covid variant in the capital surge, London’s New Year’s Eve celebration event in Trafalgar Square will not take place this year, it was announced this evening. London mayor Sadiq Khan has said the event, which was set to be open to around 6,500 key workers and members of the public, [...]
‘Impact tech’ investment jumps to £960m in 2022 but slowdown looms, analysts warn May 26, 2022 Funding into so-called ’impact tech’ start-ups in the UK has jumped over 30 per cent this year despite soaring inflation and market turbulence beginning to put the squeeze on venture capital investors, fresh data has revealed.