Mike Ashley’s Frasers Group snaps up stake in Australian retail group August 28, 2024 Mike Ashley’s Frasers Group has continued its acquisition spree with a strategic investment into the Australian retail and distribution firm Accent. The London-listed retail empire snapped up a 14.65 per cent stake in the company in a move it hopes will further its footprint in Australia and New Zealand – identified as a key market [...]
Wood Group: Firm offloads two businesses as ‘strategic’ turnaround begins August 28, 2024 Engineer Wood Group has sold two businesses for a total of $165m (£125m) after it revealed it slid into the red in the first half of the year. The London-listed firm, which is headquartered in Aberdeen, said today it has sold its stake in Ethos Energy Group, a joint venture with its partner, Siemens Energy [...]
Applied Nutrition limbers up for £500m London Stock Exchange debut this year August 27, 2024 Protein shake maker Applied Nutrition has confirmed plans for a potential £500m float on the London Stock Exchange today in the latest sign of life for the capital’s beleaguered bourse. In a statement to the market, the Liverpool-based health and wellness brand said it was gearing up for an IPO on the main market of [...]
Flowtech buys out struggling rival Thorite to boost UK expansion August 27, 2024 Fluid power products supplier, Flowtech, has struck a £350,000 deal to acquire the struggling pneumatics and fluid products provider Thorite. The London-listed firm, which is headquartered in Flookburgh, Cumbria, said the acquisition would bring “significant benefits” including better operational efficiency, cost savings, and improved profit margins. It added that Thorite’s existing locations would help Flowtech [...]
Shein uncovers child labour in its supply chain August 23, 2024 Fast fashion giant Shein has admitted it found two cases of child labour in its supply chain last year in a revelation that will likely fuel concerns in the City ahead of potential blockbuster float on the London Stock Exchange.
Waiting game: Benchmark Holdings’ revenue dips as London escape bid continues August 22, 2024 Genetics specialist Benchmark Holdings has suffered a 17 per cent dip in group revenue over the last nine months, as the company attempts to escape from the London Stock Exchange by getting bought out. The company reported “solid performance in genetics and advanced nutrition amidst continuing soft shrimp markets” in its quarterly results, but revenue [...]
Shein considers selling shares to public in potential £52bn London listing August 21, 2024 Fast fashion giant Shein is reportedly considering selling its shares directly to the British public as part of a potential £52bn listing on the London Stock Exchange. The company’s bankers, including JP Morgan, Goldman Sachs and Morgan Stanley, are pushing for plans to sell to retail investors along with institutional investors, according to The Telegraph. [...]
CK Infrastructure jumps on London Stock Exchange debut as rules shake-up pays off August 20, 2024 Shares in CK Infrastructure Holdings have risen on their London debut as the Hong Kong investor became the first company to list its shares since a sweeping overhaul of listing rules in July.
How to end the American choke-hold on British tech? Stop ‘acting like an incubator’ August 19, 2024 As tech companies flee London in droves, serial entrepreneur William Reeve—whose leadership credits include Lovefilm, a trailblazer in online movie streaming, and Zoopla, a leading real estate portal —has warned the City risks becoming nothing more than an incubator for the US unless it can shift its focus beyond short-term profit. Since 2019, at least [...]
FTSE 250 giant JTC snaps up employer services firm in latest takeover deal August 19, 2024 FTSE 250 corporate solutions firm JTC has struck a deal to expand its employer services division with a new acquisition – the latest in a string of recent takeovers. The London-listed firm, headquartered in Jersey, revealed plans today to acquire the Buck UK and European Share Plan Administration and Trustee Businesses from Arthur J. Gallagher & Co [...]