THG targets separate IPO for beauty business September 16, 2021 UK e-commerce company THG said this morning it will spin off its beauty division in a separate listing in 2022, and is also considering stock market listings for its other main ecommerce business, as well as its technology and logistics divisions. A stock market listing comes after THG Beauty – which counts brands such as [...]
Ab Inbev: Budweiser, Stella Artois and Corona producer continues to make huge loss despite price rises September 30, 2024 The UK arm of Ab Inbev, which brews Budweiser, Stella Artois and Corona, continued to make a substantial loss during its latest financial year despite raising its prices. The London-headquartered division not made a pre-tax profit since the £40.9m it reported in 2020. Since then the business has lost £6.4m in 2021, £89.5m in 2022 [...]
Babcock recovers from heavy pandemic losses with £400m disposals plan and UK contracts December 7, 2021 Babcock has recovered from heavy losses to report an operating profit of £75.4m, following a £400m disposal plan and a growing contract backlog.
Post-Brexit listing: Czech payment giant Eurowag planning £1.4bn IPO in London May 27, 2021 Private equity firm TA Associates is planning to list Czech Republic-based W.A.G. Payment Solutions, better known as Eurowag, on the London Stock Exchange, two sources told Reuters this evening. If the listing goes ahead, it would be seen by many as a reaffirmation of London’s attractiveness to European companies in the aftermath of Brexit. The [...]
Exclusive: Law firm mergers drop to nine-year low as Covid-19 turns consolidators cautious March 15, 2021 Law firm mergers have fallen to a nine-year low, as the economic downturn brought about by the Covid-19 pandemic has left consolidator firms wary of making acquisitions. Just 107 law firm mergers were completed in 2020, down 25 per cent on the 143 mergers that occurred in 2019 and less than half the 278 mergers [...]
It’s not just growth, it’s M&S growth: Supermarket reports ‘encouraging’ festive results January 13, 2022 Luxury supermarket M&S sustained a strong performance through the Christmas period, making it the fastest growing major store-based food retailer in the festive run up.
IPO: London commodities dealer Marex looks to float on LSE in £500m move May 14, 2021 London commodities dealer Marex looks to float on LSE in £500m move
Forward Partners announces intention to float in London July 5, 2021 Forward Partners, the London-based venture capital firm, announced on Monday morning that it intends to list in London. The firm said it will seek admission of its shares to trade on AIM, the London Stock Exchange’s junior market. The company expects to raise at least £25m from the share sale. The funds raised will be [...]
Public opinion and hungry investors push more farmers to convert land as number of solar farms swells to 2,500 October 4, 2021 The number of solar farms in the UK increased 12 per cent last year, from 2,250 in 2019/20 to 2,510 last year, according to new data shared with City A.M. today. This growth is coming from farmers who are increasingly using their land to erect solar farms. Converting this land to be used as solar [...]
Xavier Rolet hits back at junior bankers complaining about working hours August 2, 2021 The former boss of the London Stock Exchange Group, Xavier Rolet, has accused junior bankers who routinely work 100-hour weeks of moaning about conditions. A survey taken by 13 new recruits at Goldman Sachs revealed that surging workloads have taken a toll on mental health during the pandemic. Pleas by junior bankers to work just [...]