Vista Equity Partners and London-listed Blue Prism near £1bn buyout September 27, 2021 Private equity firm Vista Equity Partners is reportedly nearing an agreement with British automation software developer Blue Prism for a £1bn buyout. While it looks like smooth sailing for Vista, an investment firm with more than $81bn in assets under management, other suitors could emerge. Blue Prism’s shares slipped 2.27 per cent to 1,162p per [...]
Wave of redundancies looming: 70 per cent of UK employers expect job cuts as furlough scheme ends September 27, 2021 Nearly 7 in 10 employers expect to make redundancies within the next year, the majority of which will take place within the coming months, according to new research shared with City A.M. this morning. According to the study from Renovo, 69 per cent of all UK employers anticipate job losses, with 46 per cent of organisations [...]
The ICAS public voice – tax administration post-covid September 27, 2021 | City Talk As we begin to emerge from Covid-19, a key strand of the public policy work undertaken by ICAS relates to tax administration. ICAS has a public interest remit, a duty to act not solely for its Members but for the wider good. From a public interest perspective, our role is to share insights, shaped and [...]
‘Triple-whammy’ of inflation, energy bills and tax rises to eat into household budgets September 26, 2021 Incoming budget pressures over the next six months could squeeze the budgets of many Brits. In fact, a “triple-whammy” may leave low income families more than £1,000 worse off annually, according to a think tank. Inflation, rising energy bills and the looming health and social care tax could leave households worse off even after increases [...]
FTSE 100 dips as investors mull BoE’s hawkish tilt September 24, 2021 London’s FTSE 100 dipped during afternoon exchanges today driven by investors fearing the Bank of England’s hawkish tilt could be a looming headwind for markets. The capital’s premier index dropped 0.22 per cent to 7,062.47 points heading into the final session of the week. Retail and property stocks led the blue-chip index lower today. The [...]
Renters return: London rental market makes up 4.3 per cent of city GDP September 24, 2021 Around £21.4bn is generated in rental income in London alone, which equates to some 4.3 per cent of the city’s GDP according to new research. The research, from Sequre Property Investment, found that – unsurprisingly – the capital topped the list as the region with the highest rents and the most privately rented homes. Across [...]
Planes, trains and automobiles – how is Europe’s transport sector curbing its emissions? September 24, 2021 | City Talk Greenhouse gas emissions in the EU fell by 3.8% in 2019, according to the European Environment Agency, bringing them to 24.0% below the levels seen in 1990. However, the EU is targeting a 55% reduction by 2030 (compared to 1990) with the aim of reaching net zero by 2050. There is still a long way to [...]
Exclusive: Fund managers say UK equities are still undervalued despite Brexit and Covid bounce back September 24, 2021 Nearly nine in ten professional investors from the UK, US and Germany believe UK equities are undervalued, according to new research shared exclusively with City A.M. this morning. The investors, who collectively manage over $300bn, said in a MBH survey that one of the key reasons for optimism around UK equities is that the country [...]
Mexican food brand Tortilla announces AIM float intention September 24, 2021 Mexican fast food chain Tortilla has announced its intention to seek admission of its shares to trading on London’s AIM market. The restaurant brand Tortilla boasts 62 sites across the country including 50 venues operated by the group and two franchise sites in the UK. The group also operates 10 franchised sites in the Middle [...]
Peel Hunt raises £112m in AIM IPO September 24, 2021 Investment bank Peel Hunt has announced it has successfully raised £112m in its AIM IPO. This fund included £40m of new capital which will go towards supporting the next phase of the company’s growth, the mid and small-cap specialist investment bank said on Friday. The placing was described as comfortably over-subscribed after attracting strong support [...]