N Brown slams AIM as company set for takeover October 17, 2024 Retailer N Brown is set to be acquired by a company owned by its non-executive director, Joshua Alliance, as it looks to move off AIM. Its share price rose more than 40 per cent after the announcement. N Brown, which owns the brands JD Williams and Simply Be, has said the reduced appetite for UK [...]
AIM: Companies fear generational damage if Reeves scraps tax relief October 17, 2024 London’s markets have become a “burning platform” for smaller companies and the pain will be compounded if the Chancellor scraps inheritance tax relief for shares on London’s AIM exchange, City bosses have warned today. Ahead of the budget on October 30, a group of AIM listed companies and City think tank New Financial have added [...]
Abrdn: UK small companies are cheapest and best-performing stocks in the world October 14, 2024 The UK smaller companies market is both the cheapest and best performing in the world, new research from Abrdn has revealed. The analysis of Britain’s smallest listed businesses comes as speculation over the Budget have left many AIM stocks sliding, thanks to rumours of a proposed repeal of inheritance tax relief on the junior market [...]
Scrap AIM to save London’s capital markets, think tanks say October 13, 2024 London's junior stock exchange should be ditched, according to a new report, as part of a "radical surgery" to save the UK's ailing capital markets.
London-listed firms say uncertainty over AIM tax relief is hurting investor confidence October 10, 2024 Over 100 major London-listed companies, including Fevertree Drinks and YouGov, have written to the Chancellor warning that the uncertainty surrounding the future of a key tax relief tied to London’s junior stock market is battering investor confidence.
Prepare to flee London’s AIM if Reeves mounts inheritance tax raid, bank warns October 10, 2024 Companies listed on London’s junior AIM market are being told to prepare to flee the exchange or announce emergency share buybacks amid fears that a punishing inheritance tax raid could trigger a sell-off, City AM has learned. In a letter seen by City AM, one investment bank has urged all of its AIM-listed clients to [...]
Mark Kleinman: Will Reeves step back from a Hallowe’en nightmare? October 10, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the City talking in his weekly City AM column.
London AIM floats plummet as fears grow of Reeves tax raid October 1, 2024 The number of flotations on the London Stock Exchange’s junior AIM market have plummeted to their lowest level since the financial crisis as fears grow the market could be hammered by a tax raid from Rachel Reeves. Only £88.6m was raised through IPOs on the junior market over the last year to 30 September, just [...]
China funds dominate September as London’s AIM slumps October 1, 2024 China funds dominated performance tables in September following Beijing’s economic pledges, while UK smaller companies funds sagged over rumours that taxes on AIM may rise. The average China fund grew by more than 16 per cent throughout September, with almost all that growth coming in the last week of the month. “The top 44 funds [...]
James Halstead: Flooring supplier nears ‘dividend king’ status with 49th straight yearly hike October 1, 2024 Flooring manufacturer James Halstead is nearing "dividend king" status after hiking investor payouts for almost 50 years straight.