Oh Shein! Fast-fashion giant hit with legal action in London by competitor June 19, 2024 Chinese founded Shein and its entities have been slapped with a lawsuit in the English High Court by its UK competitor Oh Polly
‘A real market character’: John Bridges (1942-2023) February 14, 2024 This week, a memorial service will be held to mark the passing of John Bridges, a long-time stalwart of the City. His daughter writes for City A.M. on a true gentleman of the Square Mile
Nationwide called out over ‘sneaky’ tactics in £2.9bn Virgin Money deal May 6, 2024 A senior figure in the House of Lords has accused Nationwide of using "sneaky" tactics in its £2.9bn bid to buy Virgin Money.
DS Smith shares soar: Amazon cardboard provider could be one half of biggest City deal in years February 8, 2024 Should it come to pass it would be another major tie-up between London-listed operations, with housebuilders Barratt and Redrow looking to turn two listed firms into one.
Advanced Energy pulls out of XP Power pursuit June 18, 2024 US semiconductor firm Advanced Energy is no longer pursuing a deal for XP Power after it had three informal approaches rejected by the Singapore competitor.
Proxy battle fails to erupt as investors wave through FTSE 350 payouts April 24, 2024 The battle over paypackets for London’s top bosses failed to materialise in the opening months of the year as investors snubbed proxy firms and waved through bigger salaries for executives, new data suggests.
Aquis: Profit jumps 15 per cent for fledgling London exchange March 21, 2024 Exchange Aquis has reported 15 per cent growth in profit before tax despite challenging market conditions last year, with all arms of the business bringing in new revenue. In the company’s full-year results for 2023, it reported net revenue of £22.7m, up 13 per cent from the year before. Profit before tax came in at [...]
London Stock Exchange commits to Refinitiv deal and posts strong results April 21, 2020 London Stock Exchange has said it is making “good progress” on its planning for the $27bn (£22bn) takeover of Refinitiv, emphasising that it is still committed to the deal despite the coronavirus pandemic. In its first quarter results, LSE said its gross profit rose 13 per cent to £555m. Its total revenue rose 10 per [...]
New York Stock Exchange enters battle for Unilever ice cream unit listing April 1, 2024 The New York Stock Exchange has reportedly joined the battle to tempt Unilever’s ice cream business to list on their stock exchange.
Ultimate Products: Russell Hobbs seller hit by overstocking woes August 14, 2024 Consumer goods giant Ultimate Products, which owns Britain’s oldest homeware brand Salter and sells certain Russell Hobbs items under license, has seen its profit dip after supermarket overstocking issues. The London-listed group, which is headquartered in Oldham, reported an adjusted pre-tax profit of £14.5m in the 12 months ending July 30, 2024, down from £16.8m [...]