Another British tech firm opts for a New York listing as UK’s science superpower dreams fade March 21, 2023 A Cheshire biotech start-up led by a former NHS doctor has floated in New York today after snubbing London’s market due to a dearth of specialised investors. Zura Bio, led by Oxford graduate Dr Someit Sidhu, announced it had merged with special purpose acquisition company (SPAC) JATT acquisition corp this morning in a deal that [...]
Cap, scrapped: Banker bonus limit to go in bid to boost City competitiveness October 24, 2023 Regulators have confirmed plans to scrap the cap on bankers' bonuses with the new policy going live at the end of this month.
AMTE Power secures fresh £1m loan from investors as it scrambles to avoid administration July 25, 2023 AMTE Power has announced a fresh loan facility from a US asset manager, an eleventh hour lifeline as it scrambles to secure its future.
Hunt facing clash with the City as Treasury doubles down on share tax February 14, 2024 The Chancellor Jeremy Hunt is facing a potential clash with the Square Mile in the coming weeks after the Treasury doubled down on an unpopular tax on share trading yesterday.
Darktrace backs revenue guidance despite currency turbulence October 12, 2022 LONDON’s tech darling Darktrace maintained its full year expectations for revenue growth this morning despite showing anxiety about the ongoing strength of the dollar. The cybersecurity company said it backed full year 2023 year-over-year revenue growth of between 30 per cent and 33 per cent, but would continue to monitor foreign exchange rates and “their [...]
Wework is one of London’s biggest tenants — what could a potential collapse mean? November 3, 2023 Wework has recently found itself in hot water, with US reports suggesting that the company could file for Chapter 11 Bankruptcy as soon as next week.
Home REIT rent troubles deepen as two major tenants go bankrupt March 6, 2023 Beleaguered social housing investor Home REIT revealed that two of its tenants had gone into administration this morning, effectively shutting off another 18 per cent of its annual rent roll.
Scandal-hit Home REIT set to wind down July 16, 2024 Scandal-hit social housing investor Home REIT is set to wind down after failing to pay off a huge debt pile and struggling under the costs of a slew of legal battles and a probe from the City regulator.
Eurowag admitted to FTSE250 following Frasers’ comeback to FTSE100 September 13, 2022 Eurowag was admitted today to the FTSE250 Index after Sports Direct’s owner Frasers made a comeback to FTSE100. “Having listed on the London Stock Exchange in October 2021, the inclusion in the FTSE 250 Index further highlights Eurowag’s credentials as a public company,”said Martin Vohanka, chief executive of the Czech tech platform, on Tuesday. “With [...]
Glencore: Gold, silver, copper and zinc output slide as operational issues hit production February 1, 2023 Glencore has revealed a downturn in production across major commodities in its full year report, with output below 2021's totals.