Why Raspberry Pi had a FTSE Christmas boost December 27, 2024 Raspberry Pi has held up the FTSE 250 on the first trading day after Christmas, with its stock price surging as much as 18 per cent today, pushing it to become a £1bn company. The Cambridge-based tech firm’s share price had been languishing just below £4 since the firm floated on the London Stock Exchange [...]
How Asian stock markets are dominating the UK on IPOs December 27, 2024 Asian stock markets continued to surge in popularity in 2024, outperforming the languishing UK market in IPOs. Throughout this year, Asia has dominated on stock exchange floats, with over 600 IPOs throughout the year, more than two thirds of the 867 floats globally in 2024, according to data from Globaldata. In comparison, the UK market [...]
Dust off the defence manuals… private equity is coming, say advisors December 20, 2024 London’s listed firms have been warned to dust off their defence manuals and prepare for takeover bids as private equity investors limber up for a deals offensive on the London Stock Exchange next year. After a subdued year of dealmaking through 2024, private equity buyers are expected to reignite a swoop on the public markets [...]
Shoe Zone shares crash as Budget deals major blow to profit plans December 18, 2024 Shares in Shoe Zone have plummeted to their lowest value for more than three years after the company warning the changes announced in the Autumn Budget has forced it to close a number of stores. The Leicester-headquartered retailer issued a trading update to the London Stock Exchange in which it revealed the impacted that “significant [...]
FCA sets out plans for new Pisces private stock market December 17, 2024 The Financial Conduct Authority (FCA) has set out its plans for a new private stock market system today as it looks to revive London’s flagging IPO pipeline and allow investors to more easily tap into unlisted companies. In a consultation document, the City watchdog said the new stock market system, PISCES, first tabled by the [...]
How FTSE 100 giant Rolls-Royce became a ‘true phoenix from the ashes story’ after shares success December 17, 2024 If awards were being handed out for the best performer in the FTSE 100 this year, Rolls-Royce would surely be taking home all the top prizes after cementing its position as the index’s darling. The Derby-headquartered giant started 2024 with a share price of 298p which has since ballooned to a high of 594p, catapulting [...]
Canal+ float fails to make a splash as shares fall more than 23 per cent December 16, 2024 The float of Canal+ on the London Stock Exchange got off to a shaky start with its share price dropping more than 23 per cent, valuing the company at around £2.4bn. The only £1bn-plus IPO of the year is the product of a long-awaited breakup of Paris-based Vivendi, which acquired Canal+ in 2000. Shares of the Paddington [...]
Canal+ IPO offers hope for troubled London Stock Exchange December 16, 2024 French media giant Canal+ will list on the London Stock Exchange this morning in an early Christmas present for a bourse battered by a string of exits this year.
Vince Cable warns against bid by the ‘Czech Sphinx’ for Royal Mail December 15, 2024 Former business secretary Vince Cable has warned the Government not to wave through the sale of the Royal Mail to Czech tycoon Daniel Kretinsky, citing his links to Russia and the high amount of debt involved. Cable was the architect of the privatisation of the postal service in 2013, overseeing a £3.3bn deal which led [...]
A requiem for UK equity capital markets December 14, 2024 London’s storied status as a global financial powerhouse is slipping away, and with every IPO that doesn’t materialise or company that decamps to the US, it becomes clearer that the City is in its death throes, says Owen Matthews As a former mid-cap ECM investment banker, I’ve watched with despair as the lights dim on [...]