Arm deals blow to UK tech industry by rejecting London listing for a NASDAQ flotation March 3, 2023 Cambridge-based technology firm Arm said it will pursue a US-only stock market listing this year, dealing a blow to the UK markets. The plans from the company, owned by Japanese investment giant SoftBank, come despite heavy lobbying by successive prime ministers and cabinet members. In January, Rishi Sunak reportedly restarted talks with SoftBank to persuade [...]
Glencore downgrades nickel expectations as strikes hit production October 30, 2023 Glencore has downgraded expectations for nickel production, with the commodities giant still recovering output from strike action.
Ashtead: FTSE 100 giant’s potential New York switch raises more questions for London June 10, 2024 Analysts have warned that FTSE 100 giant Ashtead's potential switch to New York's stock market could strip London of one of its best-performing names, once again raising questions over its status as a trading venue for US-focused firms.
City of London grandees lay out vision for UK markets after bruising few months May 15, 2023 A group of City of London grandees are drawing up a “new market model” for the UK’s capital markets after a bruising few months in which the capital has been rocked by negative headlines and a slew of firms heading towards New York.
Frasers Group nabs stake in JD Williams and Simply Be owner October 12, 2022 Frasers Group has snagged a 4.5 per cent stake in online retailer and JD Williams owner N Brown, as the retailer continues to put its stamp on the UK high street. The Sports Direct owner is now the sixth-largest shareholder of the Jacamo and Simply Be owner. “We are always pleased to welcome new shareholders [...]
London Stock Exchange hires fintech to widen access to IPOs November 21, 2019 The London Stock Exchange (LSE) has signed a deal with online investment platform Primarybid to give retail investors access to share offerings on the same terms as institutional investors. Under the deal, which was announced today, the pair will unveil digital infrastructure enabling companies that are listed listed or listing on LSE to include individual [...]
Astrazeneca shares plummet despite FTSE 100’s biggest firm posting revenue boost February 8, 2024 Astrazeneca said excluding coronavirus, its total sales increased by 15 per cent, as its chief executive predicted "double digit earnings" for the year ahead.
Anne Stevenson-Yang on China, audit reform and why she’s unsure about Yorkshire June 8, 2024 City A.M. sits down with the co-founder of activist short-selling firm J Capital Research to discuss China, its companies and whether they require closer inspection
Steel yourselves: Severfield announces record UK order book March 27, 2023 Steel group Severfield has posted a bullish trading update, revealing a record order book for projects in the UK and Europe.
London Tech Week day three: Britain needs a chip on its shoulder June 12, 2024 As London Tech Week kicks off, Russ Shaw, founder of Tech London Advocates & Global Tech Advocates, gives us the inside scoop on the industry with his daily diary We are at the halfway point of London Tech Week 2024, and events – both headline and fringe – are truly in full swing. Today has marked the [...]