Wall Street scales to yet more record highs after Powell signals Fed will taper stimulus this year August 27, 2021 US markets were propelled to yet more record highs today after the chair of the US Federal Reserve indicated the central bank may start to wind down stimulus measures this year. The S&P 500 touched a record high today, before paring back slightly to rise 0.90 per cent to 4,510.49 points during early afternoon trading. [...]
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 [...]
Wise valued at £8bn in London’s biggest ever tech float July 7, 2021 Wise, one of Britain’s biggest fintech firms, has seen its valuation hit £8bn after listing on the London Exchange this morning, marking a major boost for the capital’s tech scene. Shares in the payments group, formerly known as Transferwise, began trading at £8 each in its eagerly-awaited stock market float. It follows an auction process [...]
Victorian Plumbing shares surge in biggest ever float on London’s junior market June 22, 2021 Online bathroom retailer Victorian Plumbing has seen shares surge higher as it began life as a listed company in the biggest ever float on London’s junior market. The group launched on to the Alternative Investment Market (Aim) with shares priced at 262p, giving it an initial valuation of around £850m, before the stock quickly jumped [...]
Screenshot: Can GB News survive the ad boycott backlash? June 18, 2021 This week **Media Moment of the Week: Richard Madeley goes full Partridge **Can GB News survive the ad boycott backlash? **London’s bumper fintech float: a Wise move Media Moment of the Week: Richard Madeley goes full Partridge It’s always risky when producers attempt a comeback of an old show, so I was sceptical when I [...]
Terrific Thursday for London IPO market as Wise, Victorian Plumbing, Seraphine, Poolbeg and Voyager Life confirm plans to float June 17, 2021 Fintech firm Wise, bathroom retailer Victorian Plumbing; high end maternity retailer Seraphine, favoured by the Duchess of Cambridge; Dublin-based drug maker Poolbeg and cannabidiol products supplier Voyager Life all revealed plans to float today. Money transfer firm Wise said this morning to join the London Stock Exchange in what could be the biggest UK listing [...]
Listing bonanza: Here are the IPOs to watch out for this year June 16, 2021 Building on the momentum seen towards the end of last year, IPO activity in London is surging so far this year. However, Deliveroo’s recent IPO flop demonstrates that success is far from guaranteed. City A.M. compiled an overview of the UK, US and international IPO contenders to watch this year as the global economy recovers. [...]
Exclusive: Why the post-Covid investment space is ripe for a wave of retail IPOs June 4, 2021 With over 450 IPOs already listed this year, including the likes of Moonpig and Dr Martens, the post-Covid market seems ripe for fresh floats. Large retail companies are no exception and will be part of the recovery conversation. “ In fact, market interest in retail is steadily returning following a slow recovery after the pandemic, which has [...]
Exclusive: Businesses call on govt to set global standards on environmental impacts June 1, 2021 Businesses are calling on the government to set clear global standards for recording their impact on the environment. A host of CEOs from across the business world, including James Timpson and Schroders’ Peter Harrison, have said that making it cheaper and easier for firms to record their environmental impact would make it easier not just [...]
Sun shines on FTSE 100 amid reshuffle as ITV aims for prime-time slot June 1, 2021 The sun is shining on the FTSE 100 with the index receiving an early summer boost pushing it firmly above the psychologically important 7,000 mark. As the global growth recovery story unfolds, miners in particular are on the front foot today, as high demand for metals in particular push prices higher. Anglo American and Rio [...]