Growth capital business a key focus for long-term strategy at Numis, says co-CEO December 8, 2021 City broker Numis this morning reported its full year revenue swelled nearly 40 per to hit £215.6m, as a buoyant IPO market coupled with stabilised markets and rising deal fees helped the firm deliver its second record annual revenue performance in a row. Profit before tax doubled in the year to September 30, which Numis [...]
The Hut Group raises £1.88bn in biggest London stock market listing since 2015 September 16, 2020 The Hut Group began trading on the London Stock Exchange this morning, raising £1.88bn in the largest UK initial public offering (IPO) since 2015. The Manchester-based online retail giant is valued at around £5.4bn following its stock market listing, which the firm said is the UK’s largest ever technology IPO. The Hut Group, which owns [...]
The Hut Group confirms £4.5bn stock market listing September 10, 2020 The Hut Group has confirmed it is set to price its initial public offering at £5 per share, valuing the e-commerce retailer at £4.5bn The £920m float will make it the largest listing of a British company since 2013. The Hut Group will list at least 20 per cent of its stock. It is also [...]
The Hut Group plots mega £4.5bn London initial public offering August 27, 2020 The Hut Group today unveiled plans for a £4.5bn float on the London Stock Exchange in a move that is set to land its co-founder a bumper payday. The consumer brands retailer, which is based at Manchester Airport, said in a filing that it intends to carry out a free float of at least 20 [...]
Events & Awards May 8, 2024 City A.M. is renowned for hosting award events within the City, to celebrate the people and companies that make London the greatest city in the world for business. The Awards recognise both individuals and companies that have made a significant contribution to the dynamism and strength of the UK economy and social fabric. With the [...]
London’s IPO market proves resilient despite choppy conditions December 17, 2020 Despite rocky conditions caused by Covid-19 and Brexit-related uncertainties, the London Stock Exchange (LSE) retained its title as Europe’s most active market this year. LSE proceeds have accounted for almost a third of total European proceeds in 2020. So far there have been 26 London IPOs this year, which is in line with 2019’s 27. [...]
The Hut Group wards off potential buyers as it gears up for Acheson & Acheson takeover September 3, 2018 Online beauty retail company The Hut Group (THG) has rebuffed a series of takeover deals as it looks to expand its own acquisition spending spree. A number of offers valuing the firm at almost £4bn have been turned away by the fast-growing technology company, according to reports from Sky News last night. While strategic and [...]
The Hut Group snaps up new office space at MediaCityUK in Salford for tech team August 22, 2018 The Hut Group, one of the UK's largest private companies, has taken up extra office space to accommodate its rapidly expanding head count. The company, which owns beauty and health brands including Skinstore and Lookfantastic as well as range of ecommerce sites, has snapped up space in Salford's MediaCityUK. The area is also home to large [...]
Journalism job openings at City A.M. February 20, 2020 City A.M., a THG company, is a digital first newspaper and website publishing from the heart of the City of London focused on becoming number one in the UK in the provision of business and finance content. Launched in 2005, it covers the latest economic, political and business news as well as comment, sport and [...]
Dwain Chambers comeback: Veteran sprinter sparks age-old doping debate with British Indoor Championship return February 6, 2019 “I’m good at it, I enjoy it. I get joy from the reaction to it all, I love the crowd cheering my name. If you enjoy that, why walk away from it?” That’s how a 36-year-old Dwain Chambers explained his decision to continue competing ahead of the 2014 European Championships. Five years later and two [...]