Apax backs down from Kin and Carta bidding war March 11, 2024 In a stock exchange notice today, Apax said that its offer for a takeover of the digital transformation company formerly known as St Ives has lapsed.
City minister: Pension funds need to start pumping cash into London’s stock market May 15, 2024 UK pension funds need to start pumping cash into London’s stock market “fast”, the City minister will say today, in another warning shot at the sector as government tries to channel a wave of cash into the City.
Arm: AI boom “is real” as New York-listed Cambridge firm soars February 7, 2024 Arm, the UK chipmaker which listed in New York, proved the worth of its fundamentals on Wednesday evening – beating analyst estimates and sending shares soaring. Demand for artificial intelligence upgrades has boomed across the global economy and Arm has benefitted, bosses said. “We’re seeing more interest in newer designs and newer technologies by customers” [...]
Election uncertainty to squeeze London IPO market again as listings slump to 13-year low January 11, 2024 Elections in the UK and US are set to squeeze the initial public offering (IPO) market again this year after new floats in London cratered to a 13 year low in 2023, EY has said. The London Stock Exchange saw just 23 new firms listing on the market last year, a 49 per cent slide [...]
FTSE 100 firms braced for battle on executive pay as proxy advisers push back April 15, 2024 FTSE 100 firms are braced for a bruising few weeks as the battle with proxy advisors over executive pay in the City continues, with both LSEG and Smith & Nephew facing possible shareholder rebellions over pay.
Abrdn chairman adds to growing calls to axe the share tax June 9, 2024 The chairman of Abrdn has said that scrapping the tax on share purchases would lift the economy and boost investment in UK firms, adding to the growing calls to abolish the 0.5 per cent levy.
London closes in on New York as world’s top financial centre with Square Mile set for rebound March 21, 2024 London is narrowing the gap with New York for the title of the world's top financial centre, according to a new survey, as the City looks set to rebound from a slump in dealmaking and capital markets activity.
Shareholders wave through Lithia’s £397m Pendragon takeover October 25, 2023 Pendragon said today that 99 per cent of voting shareholders had backed the £397m sale of its UK motor business to Lithia.
Hargreaves Lansdown shares surge after bid from private equity giants May 23, 2024 Hargreaves Lansdown has rejected a takeover bid by a consortium of private equity investors including CVC and Abu Dhabi's sovereign wealth fund, the company confirmed today.
London Stock Exchange celebrates AIM’s 25th anniversary June 16, 2020 The London Stock Exchange (LSE) will this week celebrate the 25th anniversary of AIM, its sub-market for smaller and growing companies. Since its launch in 1995 over 3,800 companies have been admitted to AIM, raising a combined £118bn in equity capital, according to new research by audit firm Grant Thornton. In 2019, AIM-listed companies contributed [...]