Burford Capital cashes in with £75m for role in high-profile Russian divorce battle July 16, 2021 Partners at Burford Capital, the City firm that backed the ex-wife of a Russian billionaire in her High Court divorce battle, have been paid £74.6m for their role in the high profile case. The financier, which funds claimants in legal disputes with the aim of taking a cut of any settlement, told the London Stock [...]
Dunelm sales better than expected thanks to lockdown living space upgrades May 19, 2021 Homeware’s retailer Dunelm enjoyed a better-than-expected sales lift over the tail end of the UK’s third national lockdown, the group said today, despite only being able to trade for five weeks after the 12 April easing of restrictions. Customers were able to flock to stores in mid-April after a winter lockdown, despite the reduced trading [...]
Aggreko backs £2.3bn takeover bid from private equity firms March 5, 2021 UK equipment rental company Aggreko said this morning it endorses a £2.32bn buyout offer from private equity firms TDR Capital LLP and I Squared Capital. The company said the offer of 880p per share represents a premium of about 39 per cent to its 4 February share price. No more details were announced. Chairman Ken [...]
Exclusive: Europe’s first travel ETF to list in London this month June 2, 2021 Europe’s first travel and leisure ETF will launch in London later this month, as the industry starts to bounce back from the devastating impact of the pandemic. The Airlines, Hotels and Cruise Lines UCITS ETF will list on the London Stock Exchange in June and will be passported for sale across Europe, City A.M. can [...]
Exclusive: S&P Global lays off 700 staff following £33bn IHS takeover February 1, 2021 S&P Global Market Intelligence – the news and data division of credit ratings giant S&P Global – has laid off around 700 people in various offices around the world, including Canary Wharf, Hong Kong and New York City. City A.M. spoke with three London-based employees who confirmed that among the redundancies are S&P GMI’s consumer and [...]
Biotech firm Oxford Nanopore plots London listing March 30, 2021 The Oxfordshire-based scale-up helping to track coronavirus mutations has announced plans to list in London later this year. Oxford Nanopore, which specialises in DNA sequencing technology, today said it had started preparing for a London float but disclosed no further details. “Oxford Nanopore Technologies Limited has today informed its shareholders that it has started the [...]
Farfetch pull trading update as New York take-private rumours swirl November 29, 2023 Farfetch's move will only fuel further rumours that boss Jose Neves is looking for a way off the public markets after a disastrous New York float.
Moonpig more than doubles revenue as lockdown delivers trading boom July 27, 2021 Online card retailer Moonpig has more than doubled its revenue in its first annual results since a bumper London stock market float earlier this year. The greetings card specialist posted revenue of £368.2m in the year to the end of April, a huge jump from the £173.1m recorded in the previous year. Reported pre-tax profit [...]
Switzerland’s Six takes lead in race for LSE’s Borsa Italiana September 14, 2020 Switzerland’s Six exchange has put in the highest bid so far for London Stock Exchange’s Borsa Italiana, according to a report, putting it ahead of France’s Euronext and Deutsche Boerse. The bid valued Borsa Italiana – Italy’s only stock exchange – at around €3.5bn-€4bn (£3.2bn-£3.7bn), a source told Reuters. The London Stock Exchange (LSE) snapped [...]
Extinction Rebellion protests: 26 arrested after London Stock Exchange climate change protest April 25, 2019 Police arrested 26 people this morning after climate change activists blocked the London Stock Exchange as the Extinction Rebellion protest group targeted Square Mile financial institutions. Read more: Climate change protesters glue themselves to London Stock Exchange The Metropolitan Police said they were arrested on suspicion of aggravated trespassing. Meanwhile other activists were demonstrating outside [...]