London SPAC looks to pounce on falling fintech valuations before float next week June 2, 2023 A special purpose acquisition company (SPAC) said it is looking to capitalise on a plunge in the valuations of fintech firms today as it prepares to begin trading on the main market of the London Stock Exchange next week.
FTSE 100 close: London markets round off the week in the green as US economy impresses again June 2, 2023 London markets recorded one of their best days in months as investors were buoyed by a strong jobs report from the US suggesting its a long way off recession. The capital’s premier index climbed 1.46 per cent to 7,599.29 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of [...]
London Stock Exchange Group shifts FTSE Russell top job to New York June 1, 2023 The London Stock Exchange Group (LSEG) has called in a new boss to head up its indexing business FTSE Russell today - but in a major shake-up up the firm has swapped the top job out of London to New York.
FTSE 100 close: London index claws back losses as pound and oil prices soar June 1, 2023 London’s FTSE 100 clawed back losses today after posting its worst month since last summer in May, led higher by mining giants regaining ground following yesterday’s sharp losses. The capital’s premier index climbed 0.59 per cent to 7,490.28 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the [...]
FCA urges Woodford’s burnt investors to ‘seriously consider’ £235m redress deal June 1, 2023 The Financial Conduct Authority has urged Neil Woodford’s burnt investors to “seriously consider the offer on the table” after it struck a redress deal with the fund’s administrator earlier this year.
Markets welcome US debt ceiling deal passing first hurdle in Congress June 1, 2023 Investors gave a muted welcome to the U.S. House of Representatives passing a bill that would suspend the government’s borrowing limit and avert default, with market focus now turning to the Senate and the interest rate outlook. Asian markets were trading higher when the bill cleared the house and held their gains. Investors nudged S&P 500 futures from slightly [...]
FTSE 100 close: Softening China economy hits London index as WH Smith and B&M soar May 31, 2023 London’s FTSE 100 was dragged lower today by softer than expected data from China signalling the world’s second largest economy is on the wane. The capital’s premier index slid 0.98 per cent to 7,448.01 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, dropped 0.45 [...]
World’s biggest natural soda ash producer plots rare London listing in boost to the City May 31, 2023 The world’s biggest soda ash producer has revealed plans for a rare London listing today in a boost to the London Stock Exchange after a barren period to start the year.
The taste of freedom May 31, 2023 | Sponsored Describing the most popular dish on her menu, Caroline Gardner leaves little to the imagination. That would be “our papadias which are like quesadillas but with crispy mashed potato and grilled onions. And then fried, but crispy on the outside and fluffy on the inside. And covered in salsa.” Caroline, with help from her mother [...]
Revealed: KPMG slashes UK bonuses as dealmaking drought hits fees May 31, 2023 KPMG has slashed the bonus pool of its UK workforce and reined in commission for salespeople as its profits falter amid a slowdown in the dealmaking environment this year, City A.M. has learned.