Central bank of Norway acquires stake in fast fashion firm Boohoo December 7, 2021 The central bank of Norway has acquired a 3.1 per cent stake in fast fashion retailer Boohoo, according to documents filed on the London Stock Exchange. Norges Bank is now the fifth largest institutional investor in the online retailer, following confirmation of the investment this week. Boohoo co-founder Mahmud Kamani is still the largest single [...]
Travel sector and real estate lead FTSE firms through second year of bumper capital raises December 14, 2021 UK listed companies have raised £24.7bn new capital from investors in a strong second year of cash calls, as firms spent another twelve months prioritising their Covid recovery. FTSE companies raised more than £12bn of that in the second half of the year to November, as record low interest rates saw investors more willing to [...]
Deliveroo picks London for multi-billion pound listing March 4, 2021 Deliveroo has confirmed it will choose London for its long-awaited IPO. The delivery firm will list with a dual-class share structure in what will be a major boost for the capital. It is expected to be the largest float in London this year. It comes just a day after a Treasury-commissioned review by former EU [...]
Softbank readies to take Arm public as pressure builds for a London listing February 8, 2022 Japanese conglomerate Softbank is gearing up to take British chip manufacturer public after its blockbuster $40bn takeover by American rival Nvidia collapsed.
CMA green light: £28bn AstraZeneca and Alexion deal to close late July July 14, 2021 The UK competition watchdog has cleared vaccine maker AstraZeneca’s £28bn bid for rival Alexion, which has been confirmed to close on 21 July. First announced in December last year, the deal is intended to bolster AstraZeneca’s immunology capabilities by adding Alexion’s technology platforms. European Union regulators gave the deal the green light last week. Despite [...]
Raspberry Pi maker attracts £33m in funding round September 20, 2021 The charitable foundation behind the Raspberry Pi, a bestselling, British personal computer, has closed a $45m (£33m) funding round. The Raspberry Pi computer is a small credit-card sized device which enables users to explore python and scratch coding. The foundation which created the product uses trading profits to promote computing. Today’s funding round was led [...]
Wizz Air’s controversial £100m bonus plan for CEO voted through by shareholders July 27, 2021 A £100m bonus is one step closer for Wizz Air boss Jozsef Varadi, after more than 60 per cent of shareholders gave the airline’s remuneration strategy the green light at its AGM today. Investors in the budget airline voted 68 per cent to 32 per cent in favour of its “Value Creation Plan”, a strategy [...]
Kate Middleton-favoured maternity brand Seraphine eyeing £150m IPO July 13, 2021 Online maternity and nursing brand Seraphine is looking to raise just over £150m in its London IPO, floating on the tech-crazed market for the first time today. Today’s float, which commenced at 08:00, will see Kate Middleton’s go-to maternity brand’s shares set at 295p per share under the ticker “BUMP”. Around 50 per cent of [...]
Our tech industry is being undermined by a psyche allergic to global growth April 29, 2022 The tech sector in the UK is in high-growth mode. In 2021, there was a record-breaking $35.1bn investment into tech, almost 120 tech unicorns and nearly 40 tech IPOs. The record level of venture capital investment in the UK has increased the valuations of both public and private tech companies, putting Britain third in the [...]
Test for London’s fintech sector: Wise listing could turn into ‘volatile affair’ July 6, 2021 Cross border payments company and fintech giant Wise will be admitted to the London Stock Exchange tomorrow morning. No price guidance has been issued, which will mean that the stock price will be determined during the auction, which will be a lengthy one – from 7.50am onwards, with trading to begin just after 11am – [...]