More than 10,000 millionaires have left Britain in a year – this is where they’re all going Personal Finance More than 10,000 millionaires left Britain last year, partly to avoid higher taxes – with many quitting for more glamorous destinations. In total Britain lost a net 10,800 millionaires in 2024, according to the New World Wealth (NWW) analytics firm, more than any other country except China. That is a rise of 157 per cent [...]
Canal+ float fails to make a splash as shares fall more than 23 per cent Markets 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 Markets 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.
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 [...]
Lloyd’s of London insurer Canopius favours IPO in private equity exit December 12, 2024 The private equity owners of Canopius plan to list the Lloyd’s of London insurer on the UK stock market next year, City AM has learned. A consortium led by US investor Centerbridge Partners is leaning towards an IPO rather than sale as part of its review into exit options for Canopius, according to a person [...]
FTSE bosses should be paid like top footballers, says ICAP founder December 11, 2024 Bosses of London-listed firms should be paid like the best footballers without facing a backlash, Michael Spencer has argued. The founder of brokerage ICAP and former Conservative party Treasurer said that to attract top talent to run major companies, the UK needed to tackle the “political hot potato” of FTSE bosses’ pay. “We don’t mind [...]
FTSE 100 giant Ashtead set to switch primary listing to the US December 10, 2024 FTSE 100 firm Ashtead has revealed plans to switch its primary listing to the US in the latest blow to the London Stock Exchange after a flood of exits this year. After months of speculation, Ashtead, which leases heavy machinery to the construction industry, said on Tuesday that the US market was its “natural long-term [...]
The markets in 2025 December 9, 2024 Market forces are likely to continue to change into next year and dealmakers need to be ready, says Merlin Piscitelli With elevated wage costs and tax changes, business sentiment has sunk to an all-time low, following the Autumn Budget. But while confidence in growth under a Labour government appears weak, one industry that is booming is mergers [...]
Make UK Equities Great Again December 2, 2024 UK equities are lagging behind international competitors, but Hugh Sergeant is on a mission to turn that around – complete with baseball caps. UK Equities are unloved and have been so for years. The UK market sits at a significant discount to many of its international peers, especially the US, and while everyone seems to [...]
London Stock Exchange takeover bonanza tops £50bn November 29, 2024 This year's barrage of takeover bids for firms lsited on the London Stock Exchange has jumped to £52bn, igniting fears over the future of Britain's equity markets.