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 [...]
City sends an SOS to fix London markets ‘before it’s too late’ June 26, 2025 Fears over the health of the City’s stock market have been laid bare after trading platform IG became the latest firm to sound the alarm over the “crisis unfolding” on the London bourse. The FTSE 250 firm has launched a “Save our Stock market” initiative – aptly dubbed the SOS campaign – which serves as [...]
Liontrust profit slides after billions more outflows June 25, 2025 Profit at Liontrust slid by more than a quarter after the fund manager suffered billions more in outflows. The London-based business reported an adjusted pre-tax profit of £48.3m for the year to end March 2025, a drop of 28 per cent compared to last year. Liontrust saw nearly £5bn in outflows over the period, though [...]
Tritax Big Box makes £485m swoop for Warehouse REIT after Blackstone snub June 25, 2025 Tritax Big Box has reached a £485m deal to acquire rival Warehouse REIT, fending off a previous offer from US private equity giant Blackstone. The cash and shares offer, which has been recommended by the Warehouse board, values the company at £485m. Warehouse has withdrawn its recommendation that shareholders approve an earlier Blackstone offer as [...]
Cavendish shares eye year high after rejecting deals unit takeover June 24, 2025 Shares in investment bank Cavendish spiked on Tuesday as the firm confirmed it had rejected takeover interest in its deals unit after facing private equity-backed interest. Cavendish had been approached regarding a deal that would break up the London-listed investment bank by Smith and Williamson (S&W). The value of the offer remains unclear, Sky News [...]
FTSE 100 held back by Shell and BP as pound hits three-year high June 24, 2025 The FTSE 100 edged up and the pound hit a new high as investors flocked back to risk on Tuesday, but London’s blue-chip index’s rebound was held back by the falling price of oil. The UK’s flagship index nudged up 0.3 per cent in early trading to around 8,7883. But significant gains were held back [...]
Qatar closes airspace as region braces for Iran response June 23, 2025 Qatar shut down its airspace minutes after markets in London closed, with City analysts fearing the conflict involving Iran, Israel and the US could yet escalate further. The UK government followed the US in telling its British nationals in the country to take shelter until further notice. The US said the warning was made out [...]