Civitas agrees to ‘undervalued’ £485m takeover following wave of criticism from press and shortseller May 9, 2023 London-listed social housing investor Civitas revealed it had struck an “undervalued” deal to sell itself to a Hong Kong property giant today as it looks to escape a barrage of criticism from short sellers and the media.
WANdisco set to slash headcount by 30 per cent as fraud fall out continues May 4, 2023 Beleaguered data firm WANdisco said it will slash its headcount by nearly a third today as it scrambles to steady the ship amid an accounting scandal and fraud probe.
Over the line: Liontrust strikes near-£100m deal to snap up Swiss rival May 4, 2023 London-listed asset manager Liontrust is set to buy a rival for £96m this morning as a consolidation of the industry accelerates this year.
“Confidence returns”: Improved Hargreaves Lansdown update suggests clients bullish once more May 4, 2023 "Confidence" has returned, reckon bosses at the retail trading platform, in what could be a good sign for the UK economy at large
London Stock Exchange chief: FCA rule changes won’t stop the City’s decline on their own May 3, 2023 New rule changes designed to boost the appeal of UK capital markets are “just one element” of arresting the City’s decline, the chief of the London Stock Exchange warned today.
As FCA rewrites listing rules, another firm ditches London due to ‘regulatory burden’ May 3, 2023 A London-listing and the associated tangle of regulatory red tape inflict more pain on firms than benefits, an AIM-listed renewables firm said today, as it announced plans to ditch its quoted status in the City.
London listings: Watchdog proposes doing away with ‘standard’ and ‘premium’ segments May 2, 2023 The UK’s financial watchdog announced proposals to streamline listing rules in the UK as it seeks to make the UK market a more attractive destination for firms to list. The Financial Conduct Authority (FCA) acknowledged that the UK’s listing regime was seen by some as too complicated and has proposed merging the ‘standard’ and ‘premium’ [...]
Embattled Home REIT set to appoint investment adviser this week as field narrows to two May 2, 2023 Scandal-stricken social housing investor Home REIT is set to appoint a new investment manager this week as the field of potential suitors narrows to two, City A.M. has learned.
Pension funds haven’t triggered the UK’s stock market decline – it’s the economy, says top analyst group May 1, 2023 A dire outlook for the UK economy is the primary cause of the UK’s capital markets decline and the role of pension funds in causing the malaise has been “overstated”, a top analyst group has said.
Start of 2023 a disappointing vintage for fine wine investments – but new Bordeaux gives reason to cheer May 1, 2023 Fine wines stashed away in climate-controlled cellars may have been growing all the more delicious over the first few months of 2023. But price has proved more unpredictable.