KKR facing fightback against £1.3bn Smart Metering Systems bid December 21, 2023 The founders of energy infrastructure firm Smart Metering Systems have mounted a fight back against a takeover by KKR today on the grounds the £1.3bn bid undervalues the firm.
Private equity firms line up London lawyers ahead of deals frenzy December 21, 2023 Private equity firms are predicting a busy first two months of deals next year - they're hiring lawyers and advisers now to get ahead of the game.
Home REIT investors move to sue the firm after portfolio craters in value December 20, 2023 Shareholders of beleaguered housing investor Home REIT have moved to formally sue the company and its investment manager today after it revealed its property portfolio was now worth less than half of what it initially paid.
London Stock Exchange boss: Listing rules shake-up is just ‘one part’ of required reform December 20, 2023 The Financial Conduct Authority is taking “decisive steps” to overhaul London’s listing regime but tweaking the rules is just "one part" of the reform need for UK capital markets, the London Stock Exchange chief has warned.
FCA presses on with listings shake-up in bid to revive London’s barren IPO market December 20, 2023 The FCA has confirmed its shake-up of the listing market in a new set of rules.
Odey Asset Management says FCA has concluded investigation December 19, 2023 The UK Financial Conduct Authority has concluded its investigation into Odey Asset Management (OAM) and "will not take any action," said an investor letter from the hedge fund said on Tuesday.
PwC cleared by watchdog after probe into audit of collapsed property firm Intu December 19, 2023 The accounting watchdog has dropped an investigation into PwC’s audit of property group Intu today and cleared the partners in charge after a year long probe into the Big Four firm's work on the firm.
Pimco boss: UK risks ‘hard landing’ as consumers feel the pinch from higher rates December 19, 2023 UK faces a "higher probability of more significant economic deterioration" than US
FTSE bosses earn 57 times more than their employees as debate rages over London’s competitiveness December 18, 2023 Bosses of FTSE 350 firms are typically paid 57 times more than their employees, according to new data, as City grandees argue over the best way to attract talent to London.
Santa Rally expected to bring festive joy to London’s FTSE 100 after tough year December 18, 2023 Some four in five of those polled by Interactive Investor are expecting to up their exposure to equities next year, too.