Energy storage developer eyes £350m valuation in London IPO November 17, 2021 Electrical energy storage developer Superdielectrics is set to list in London in the coming weeks, in hopes of boosting its valuation to £350m. The company is also intending to raise £20m in the December float, to help develop tech to build “environmentally benign” electrical energy storage devices for the sustainable energy and transport system push. “We [...]
Coronavirus: UK bank shares take a hit after dividend suspension April 1, 2020 Investors have pummelled UK banks today, sending the FTSE 350 banks index tumbling after lenders suspended dividend payments amid the coronavirus crisis. Barclays, HSBC, Lloyds, Royal Bank of Scotland, Standard Chartered and Santander all halted payouts yesterday following pressure from the Bank of England’s Prudential Regulation Authority (PRA). Traders have today responded by selling the [...]
FTSE 100 and US stocks slip amid rising coronavirus cases September 18, 2020 The FTSE 100 and US stocks slipped as investors weighed up rising coronavirus cases and the latest decisions by the Bank of England and US Federal Reserve. London’s main stock index fell 0.5 per cent to 6,017 points at 3pm. Mid-cap firms were hit harder, with the FTSE 250 dropping one per cent. Read more: [...]
Domino’s Pizza scolded by the IA over lack of gender diversity June 7, 2020 Domino’s Pizza has come under fire from the City over its lack of diversity on its board, which is due to become male-only by the end of the month. The Investment Association (IA) has issued a so-called red-top on the pizza chain, first reported by the Sunday Telegraph. It represents the strongest warning from the [...]
IWG bets on hybrid work in £270m investment as it trims down losses March 8, 2022 IWG has merged with a digital assets group to create a new workspace platform in a £270m investment, after it more than halved its operating losses last year. The Instant Group, which provides digital marketing and workspace solutions to nearly half of FTSE 100 firms, will invest a further £50m into the company, IWG announced [...]
KPMG will halt non-audit work on FTSE 350 clients in wake of Carillion November 8, 2018 KPMG is set to become the first of the so-called Big Four to cease all non-audit work for FTSE 350 clients in the wake of Carillion. The auditor will stop providing all but some essential non-audit services for the 90 FTSE 350 customers whose accounts it audits, it has told 625 UK partners in a [...]
Dame Helena Morrissey on how the business rulebook is being rewritten August 31, 2021 Baroness Helena Morrissey tells Laurence Eastham how economic uncertainty, flexible working and the growth of soft skills are combining to rewrite the business rulebook. This article first appeared in ICAS’ CA magazine. Baroness Morrissey has an enviable track record when it comes to predicting the future. As CEO of Newton Investment Management, her keen eye [...]
Ocado claims the FTSE 350 crown while Indivior takes a kicking October 2, 2018 Online supermarket Ocado has claimed the top spot in the FTSE 350’s best performers so far this year just months after sealing its place as a FTSE 100 player, with shares soaring after a swathe of new licensing deals. Shares in Ocado have rocketed 126 per cent since the start of 2018, as the firm [...]
FTSE 100 on track to meet target for women on boards November 13, 2019 The FTSE 100 is on track to meet a target of 33 per cent for women on boards by 2020, a government-backed report published today showed. However, a “step change” is still needed to boost the number of women in senior leadership roles at FTSE 350 companies, the Hampton-Alexander Review report said. Unless half of [...]
Five FTSE 350 firms still have all-male boards, Hampton-Alexander Review finds November 13, 2018 Just four FTSE 100 companies' boards feature at least as many women as men, a government-backed review found today. A total of five British FTSE 350 firms still have only male board members and one in four have only appointed one woman, figures contained within the Hampton-Alexander Review showed. But the review, led by Glaxosmithkline chairman [...]