London Stock Exchange takeover bonanza tops £50bn Banking 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.
British Land ups guidance amid pivot into retail parks Property Property giant British Land has upped expectations for the year as the group continues its push into retail parks. In its half-year results for the six-month period to 30 September, which were published this morning, the real estate investment trust upped its outlook for earnings per share from 27.9p to 28.1p. Meanwhile, the group’s EPRA [...]
UK fund withdrawals reach largest on record amid Budget panic Investing UK equity fund withdrawals reached their largest on record in October as investors pulled billions out of markets to escape tax rises in the Budget. Investors sold a £2.7bn stake in funds throughout the month in anticipation of Chancellor Rachel Reeves hiking capital gains tax, up from £564m of withdrawals in September, according to data [...]
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 [...]
Peel Hunt warns of market slowdown ahead of UK Budget and US election October 1, 2024 City investment bank Peel Hunt has flagged a slowdown in UK capital markets activity as investors nervously await the results of the Budget and US election.
Financing growth? How the City’s frailties have hamstrung productivity October 1, 2024 Championing the UK's financial system should not obscure the fact that there is plenty of room for improvement.
Applied Nutrition to bring in retail shareholders for £500m float September 29, 2024 Protein shake maker Applied Nutrition is set to include millions of retail shareholders in its planned £500m float as soon as this week. The sports nutrition brand is set to muscle its way onto the public markets in collaboration with Peel Hunt-backed Retailbook, according to reports from Sky News. Last month, the firm confirmed plans [...]
Primark owner-backed food chain eyes £300m listing September 26, 2024 One of the world’s oldest commodity traders, backed by Primark owner Associated British Foods (ABF), is plotting a £300m float on the London Stock Exchange. Czarnikow, which ships a variety of foodstuffs, has begun meeting with groups of institutional investors with a goal of floating in the next few months, Sky News reported. The group [...]
Scrapping inheritance tax break on AIM stocks risks ‘irrecoverable damage’, City warns September 18, 2024 London's AIM is under threat of "irrecoverable damage" if Labour scraps the inheritance tax relief on the junior market's stocks, City analysts have warned.
London’s AIM is dying. Here’s how to fix it. September 18, 2024 London's AIM is in a rough spot, but there are a raft of changes that could be made to save the junior market.