This will-we, won’t-we budget is causing economic harm Opinion Watching the will-we, won’t-we budget commentary unfold over the past few months has been painful and has caused significant uncertainty across the market. Not to mention that delaying the budget to October following the July election was a misstep, it has resulted in drawn-out public scrutiny of the multitude of possible tax changes on the [...]
AIM listings hit 23-year low amid Budget tax speculation Investing The number of AIM companies has fallen below 700 for the first time since 2001, new data has confirmed, as London’s junior market has been battered by speculation that a key tax relief for AIM shares may be scrapped in this week’s Budget. Some 92 companies have delisted from AIM in the past year, with [...]
Franchise Brands mulls move from London’s AIM after chief’s promotion Markets Franchise Brands is considering a move from junior market AIM to the main market of the London Stock Exchange following the appointment of a new CEO. The Macclesfield-based £300m company, which has been listed on AIM since 2016, said today that given the “scale and growth ambitions” of the company, it was taking the first [...]
AIM chief: It will be painful, but we’ll survive Reeves’ tax raid October 17, 2024 While scrapping the inheritance tax relief on AIM shares would be "unnecessary and painful", London's junior market will survive if the change is implemented, the exchange's chief has said.
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 [...]
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 [...]
More bad news for London’s AIM: Secondary funding tanks by a third September 25, 2024 Secondary funding on London’s Alternative Investment Market (AIM) has dropped 33 per cent in the last year alone, as more bad news piles on the junior market. While IPOs have dried up on AIM, secondary funding hasn’t fared much better: Only £1.2bn was brought in through secondary fundraisings over the last year to 31 August, [...]
London Stock Exchange boss warns AIM is under threat of collapse September 23, 2024 London’s junior market AIM is under threat of collapse from potential plans to hike taxes on its shares in next month’s budget, the chief of the London Stock Exchange has warned the government. In a letter to City minister Tulip Siddiq, LSE boss Dame Julia Hoggett said that the “ongoing viability” of AIM would be [...]