Revolut, Interactive Investor and Abcam: Britain’s venture capital success stories December 6, 2024 This week, Revolut made headlines when it emerged that early investors in the fintech had been offered an opportunity to cash out with returns of up to 400 times their initial investment. The news arrived in the same week venture capital trusts celebrated their 30th anniversary of backing British startups. Revolut used crowdfunding rather than [...]
UK companies are struggling to keep up with peers on growth November 28, 2024 UK companies are failing to keep up with international peers on sustained growth, data from Panmure Liberum has revealed. While practically all companies manage to create strong growth on occasional years, few companies have managed to keep growth going every year, noted Joachim Klement, investment strategist at Panmure Liberum. The longest streak on record for [...]
Cosy Club owner Loungers snapped up by Fortress for £338m November 28, 2024 Fortress will offer 310p per share, which is a 30 per cent premium to Loungers' closing price yesterday and above its highest ever trading price.
Inheritance tax grab on London’s junior AIM could cost Reeves £1bn November 26, 2024 Rachel Reeves’ inheritance tax hike on London’s junior market AIM in the Budget is likely to cost more than a billion in revenue for the Treasury, investment bank Peel Hunt has warned. The government had estimated that it would raise £92.5m from its 50 per cent inheritance levy on AIM stocks, based on calculations from [...]
Mattioli Woods: Profit slashed at wealth manager as it quit London November 19, 2024 Profit at wealth manager Mattioli Woods was slashed by more than 90 per cent as it prepared to delist from the London Stock Exchange’s AIM, it has been revealed. The Leicester-headquartered was acquired by London-based private equity firm Pollen Street Capital after the deal was first announced in March. In its latest accounts, which have been filed [...]
Is London’s AIM set to thrive after the Budget? October 31, 2024 London’s AIM was dealt a smaller blow than expected in the Budget yesterday, with a half levy applied to its inheritance tax exemption, rather than the full 40 per cent expected by markets. The reaction was immediately positive from markets, with the FTSE AIM 100 index jumping more than four per cent in the minutes [...]
Game developer targets London for dual listing to expand Western reach October 31, 2024 Winking Studios, a Singapore-based game development giant, has announced plans to list on the London Stock Exchange’s AIM market, as it looks to strengthen its foothold in Western markets. Already listed on Singapore’s Catalist board, Winking says the dual listing will allow it to tap into the UK’s capital-rich tech investor pool and drive growth [...]
Autumn Budget 2024: Reeves takes half measure on AIM tax hike October 30, 2024 Stocks on London’s junior AIM market registered their biggest single day bump in four years today as the Government revealed it would only partly abolish a key inheritance tax break for shares on the exchange. Shares on the market will retain a 50 per cent relief from inheritance tax, the Chancellor Rachel Reeves confirmed today, [...]
Eckoh: Another AIM exit as private equity firm launches bid October 30, 2024 Payments software firm Eckoh is set to leave the London Stock Exchange’s AIM after it received an offer from private equity firm Bridgepoint. The bid values Eckoh at 54p per share or £169.3m. The price is offered is 15.9 times Eckoh’s adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) for the year ending March [...]
This will-we, won’t-we budget is causing economic harm October 29, 2024 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 [...]