WeWork losses cast shadow over $9bn listing October 10, 2021 WeWork is set to report a loss of $1.5bn (£1.1bn) for this year, weeks before the company’s planned $9bn listing on the New York Stock Exchange, according to reports. City A.M. understands that the flexible office-space provider first made investors aware of its expected losses in an earnings report in August and again in an [...]
McBride’s profit warning on lorry driver shortage sends shares lower August 19, 2021 McBride shares sunk at the open this morning after the cleaning products maker said profits would be significantly lower than expectations. The cleaning products maker warned that profits for the year to next June are likely to be 55 per cent to 65 per cent lower than the current market consensus of £19.7m for full [...]
Exclusive: 1.8m UK adults have become day traders during the pandemic August 11, 2021 Nearly 1.8m adults in the UK have become day traders during the pandemic, pouring into stocks and digital currencies from the comfort of their own homes with varying success, according to new research. Of those that have dipped their toes in the risky business of day trading during the pandemic, 50 per cent said they’d [...]
London Stock Exchange Group sees profits recover from 2020’s wave of pandemic uncertainty August 6, 2021 The London Stock Exchange Group (LSEG) has seen its total profits recover in response to pandemic uncertainty which rocked its financial markets in the first half of 2020. Total profit hit £2.7bn in the six months to 30 June, up from just £914m in the first half of last year when the stock market faced [...]
Investors pile £12bn into UK-listed companies, hoisting the market above pre-pandemic levels August 5, 2021 UK listed companies have raised more than £12bn in fresh capital from investors in the first half of this year, building the market back above pre-pandemic levels. The pandemic caused a resurgence in UK capital markets activity last year, with funds raised by listed companies peaking at its highest level in over a decade. Investors [...]
London Stock Exchange traders hit by third Refinitiv outage today August 2, 2021 London Stock Exchange’s Refinitiv news and data platform Eikon experienced an outage of several hours today, the company said, its third such glitch this year. The company reported similar issues in April and June. An LSEG customer support representative said the issue which started mid-afternoon had mostly affected users in Asia and the Europe, Middle [...]
UK listings reformer and peer Lord Hill joins fintech startup W1tty July 19, 2021 Former EU Commissioner for Financial Services Lord Jonathan Hill, who called for deregulatory measures to attract more tech companies in the UK, has joined fintech startup W1tty as an adviser. The Conservative peer will join the advisory board of smart finance app W1tty, which is launching in Lithuania and Poland in Autumn. Lord Hill authored [...]
Bridgepoint sets London IPO of up to £2.9bn July 14, 2021 Private equity firm Bridgepoint’s London IPO could value the company at as much as £2.9bn, in the first major UK listing for the industry in decades. The buyout group, which has around €27.4bn of assets under management across equity and debt funds, is looking to raise up to £789m when it lists on the London [...]
Kate Middleton-favoured maternity brand Seraphine eyeing £150m IPO July 13, 2021 Online maternity and nursing brand Seraphine is looking to raise just over £150m in its London IPO, floating on the tech-crazed market for the first time today. Today’s float, which commenced at 08:00, will see Kate Middleton’s go-to maternity brand’s shares set at 295p per share under the ticker “BUMP”. Around 50 per cent of [...]
Revolution Beauty to make stock market debut July 13, 2021 Revolution Beauty are plotting a float on London’s alternative markets valuing the company at nearly half a billion pounds. The float has received strong support from shareholders and was significantly oversubscribed, the UK-based firm said this morning. Read more: Asos enters deal with Nordstrom to bolster Topshop’s US presence Adam Minto, the beauty firm’s boss [...]