Podcaster Audioboom eyes possible merger or sale February 8, 2020 The AIM-listed podcasting group, Audioboom, has asked bankers to help it explore the possibility of a merger or sale. The group, which is backed by property tycoon Nick Candy, has asked New York-based bank Raine to undertake a strategic review that could see the company taken over by a rival, according to Sky News. Raine’s [...]
FTSE tobacco giants see share prices fall as US agency seizes documents from e-cigarette firm October 4, 2018 London-listed tobacco giants suffered a dip on the stock market this morning, as investors wobbled amid the news that a US federal agency is starting to flex its muscle over e-cigarette companies. Shares prices in British American Tobacco and Imperial Brands have dived 2.4 per cent and 1.6 per cent respectively on the FTSE so far today, as [...]
Thomson Reuters reports surge in operating profit October 31, 2019 Media conglomerate Thomson Reuters has reported a surge in operating profit for the third quarter, ahead of analysts’ estimates. Operating profit at the Canada-based company jumped 51 per cent to $262m (£202m) for the three months to September, ahead of $173m for the same period a year ago. Read more: Thomson Reuters defends boss following [...]
Kaspi.kz IPO: Kazakh fintech postpones London float October 7, 2019 The London float of Kazakh fintech group Kaspi.kz has been postponed due to “unfavourable market conditions” in the technology sector. Read more: Fund veteran Martin Gilbert leaves Standard Life Aberdeen to join Revolut The initial public offering (IPO) was set to be the largest by a Central Asian company on the London Stock Exchange (LSE) [...]
IG’s June Felix: Shorter trading hours would make London ‘less competitive’ February 23, 2020 The head of one of Britain’s largest trading platforms has become one of the most senior industry figures to speak out against proposals to cut trading hours in London, saying it would not be “helpful” for the City and could make it “less competitive globally”. June Felix, whose company IG Group offers 24-hour trading to [...]
Elastic, the open-source tech startup behind Uber and Tinder, scores $252m IPO October 6, 2018 Shares in Dutch open-source search startup Elastic skyrocketed as much as 106 per cent in its first day of official trading on the New York Stock Exchange yesterday, bucking the trend for tech stocks on Wall Street. The search and data analytics software firm, whose main product Elasticsearch powers technology behind big names such as Uber [...]
Snap shares plunge as influential analyst cuts its rating to sell in disparaging note September 12, 2018 Tech giant Snap shed nearly 10 per cent of its share price today after an influential analyst released a disparaging note on the firm's fortunes and slapped it with a "sell" rating. BTIG analyst Richard Greenfield urged investors to sell the stock in a note, saying he was "tired of watching Snapchat decline from the [...]
Snap shares plunge as influential analyst cuts its rating to sell in disparaging note September 12, 2018 Tech giant Snap shed nearly 10 per cent of its share price today after an influential analyst released a disparaging note on the firm's fortunes and slapped it with a "sell" rating. BTIG analyst Richard Greenfield urged investors to sell the stock in a note, saying he was "tired of watching Snapchat decline from the [...]
Alibaba’s secondary Hong Kong listing gets exchange approval November 13, 2019 Alibaba has been given the green light by the Hong Kong stock exchange (HKEX)for a secondary listing in the city that could raise up to $15bn (£11.7bn), in what is set to be one of the biggest fundraisings in the world this year. The Chinese online retail giant is set to begin a week-long investor [...]
UK mulls change in IPO rules to attract tech startups November 5, 2019 Downing Street has reportedly held discussions with representatives from the investment industry about changing the UK’s listing rules to encourage high-growth firms such as tech startups to float in London. The talks were part of a push by Number 10 to help boost the City after the UK leaves the EU at the end of [...]