UK on track for biggest year of takeovers since 2021 July 2, 2025 The UK is on course for its biggest year of takeovers since 2021 as more and more companies exit the London stock market after being snapped up by private equity. As much as £74bn in offers was made to UK firms in the first half of the year, according to an analysis by Peel Hunt, [...]
Exclusive: Revolut, Octopus mull joining Pisces July 2, 2025 Revolut, Octopus and Oaknorth are among billion-pound businesses weighing joining the new Pisces private stock market after being courted by prospective operator London Stock Exchange Group, City AM can reveal. The fast-growing firms were part of a group of around two dozen major businesses who attended a private conference hosted by LSE boss Julia Hoggett [...]
Astrazeneca chief ‘wants to shift London listing to US’ July 1, 2025 The boss of Britain’s most valuable company, Astrazeneca, has reportedly voiced his preference to move the firm’s stock market listing to the United States. Sir Pascal Soriot, who has been at the helm of the pharma juggernaut since 2012, is said to have spoken privately about his desire to abandon the UK listing in favour [...]
FCA ‘concerned’ over number of takeovers leaked to press July 1, 2025 The UK’s financial watchdog has expressed its concern after fresh figures found nearly two in five takeovers were reported in the press before being formally announced. The Financial Conduct Authority (FCA) warned the leaks, which can constitute a breach of market abuse rules, were triggering “price moves…caused by financial analysts or the media correctly predicting [...]
Polar Capital: Profit jumps as boss departs June 30, 2025 Asset manager Polar Capital reported a surge in profit for the latest financial year but a tough final quarter and the threat of market volatility lingered over results. The London-listed firm recorded a 27 per cent jump in core operating profit to £56.7m for the year ending March 31 2025. Pre-tax profit dipped six per [...]
Ex LSEG boss slams London stock market ‘gimmicks’ June 29, 2025 The London Stock Exchange Group (LSEG)’s former boss Xavier Rolet has blasted stewards of UK capital markets for focussing on “gimmicks and quick headline-grabbing fixes” to liquidity levels. Officials at the London Stock Exchange and at the Treasury have mooted possible reforms to savings as part of a bid to revive capital markets. London Stock [...]
Cavendish chiefs: Markets need tax incentive to turn heads June 27, 2025 The bosses of investment bank Cavendish have joined calls to use more attractive tax policy to boost market listings, amid a waning backdrop for the London Stock Exchange. The London-listed company swung back into profit on Wednesday, but did so battling against woeful mergers and acquisition volumes. Takings from M&A slumped 55 per cent on [...]
ABF confirms plans to shut bioethanol plant despite last-minute government negotiations June 26, 2025 Associated British Foods has confirmed plans to shut its Yorkshire bioethanol plant despite the government entering formal negotiations to rescue the site, in a blow to Labour’s new industrial strategy. The food producer, which also owns the retail giant Primark, said it had now begun consultation with employees to effect an orderly wind-down, with purchases [...]
Cavendish shakes off M&A woes to swing to profit June 26, 2025 Cavendish swung back into profit in the latest financial year despite a sharp drop in revenue in its mergers and acquisitions division. The London-listed investment bank turned a slim £700m in pre-tax profit for the year ending March 31 but this marked a hefty shift from the £4.3m loss in 2024. The firm said its [...]
A tin of baked beans could decide the fate of the LSE June 26, 2025 A lot was riding on Shein’s plans to float in London. Too much, probably. The Asian e-commerce giant’s IPO was set to be the UK’s biggest in years, and was seen as our best bet to revive the market. But plans changed, and Hong Kong now looks the likely home. Is that such a loss [...]