Angela Rayner pushes for tax hikes on savers, in split with Reeves May 21, 2025 Angela Rayner reportedly pushed for a £4bn tax raid on wealthier Brits in the lead up to the Spring Statement, in signs of a senior Cabinet level split on economic policy. According to a leaked note reportedly seen by The Telegraph, the Deputy Prime Minister lobbied the Chancellor to introduce billions of pounds of taxes [...]
Exclusive: Oberon AIM VCT relaunches in search of small cap rebound May 21, 2025 Oberon is relaunching its AIM VCT led by a team of City veterans as the firm prepares for a swell in valuations for small cap stocks. In a strategic repositioning of the former New Century AIM VCT 2, the venture capital trust will relaunch with an aim to raise £5m, with an over-allotment facility of [...]
Exclusive: First AIM VCT in 18 years launches on London Stock Exchange May 15, 2025 The first AIM-focused venture capital trust (VCT) in 18 years has launched on the London Stock Exchange, City AM can reveal. Puma AIM VCT, run by Puma Investments, has launched on the market and already made its first investment in quantum science company Quantum Base, in one of AIM’s only IPOs of 2025. The authentication [...]
FD Technologies shares surge on US takeover offer May 7, 2025 Shares in Newry-based tech firm FD Technologies rocketed on Wednesday as its odds of a US takeover increased. The AIM-listed company’s board of directors issued a statement on Wednesday addressing offers of a takeover from US private equity firm TA Associates. The most recent proposal from TA related to “a possible cash offer” of 2,450p [...]
Argentex shares crash as firm fights to survive May 6, 2025 Argentex shares plummeted nearly 90 per cent in early Tuesday deals as the firm resumed trading on London’s AIM. The embattled currency firm suspended its shares from trading on April 22 after it said its liquidity had significantly worsened as the US dollar weakened. The company then agreed to a takeover from rival IFX on [...]
Argentex agrees to IFX takeover as boss steps down April 25, 2025 Currency management firm Argentex confirmed on Friday it had agreed to a takeover by IFX Payments just hours after its chief executive exited the company. IFX will pay 2.49 pence per share in the takeover deal, which values Argentex at near £3m. The company will also provide the AIM-listed firm with secured bridge funding of [...]
Fevertree: £1m pay day for top boss after Molson Coors tie-up April 24, 2025 The chief executive and co-founder of Fevertree has been rewarded with a pay packet of more than £1m after agreeing a “transformational” tie-up with Carling owner Molson Coors. Tim Warrillow, who set up the AIM-listed business with Charles Rolls more than 20 years ago, has taken home almost £1.1m for the company’s latest financial year. The [...]
Argentex considers sale to IFX Payments after tariffs trigger cash squeeze April 23, 2025 Currency management company Argentex is in “advanced discussions” over an acquisition by IFX Payments after the firm faced a critical cash crunch amid President Donald Trump’s erratic tariff agenda. In a statement on Wednesday, Argentex said whilst discussions had progressed with IFX, no certainty had been reached. But, its board had “unequivocally rejected” an offer [...]
ITM Power: Shares in green hydrogen specialist skyrocket April 22, 2025 Shares in ITM Power soared on Tuesday after the green hydrogen specialist hiked full-year guidance for revenue and cash generation. The London-listed firm said it expects annual revenue of between £25.5m and £26.5m, a 30 per cent increase on its prior forecast of £18m and £22m. It also lifted forecasts for cash generation to between [...]
Finance bosses bet on London amid US market jitters April 21, 2025 Financial services leaders have banked on London’s growth potential, according to a fresh survey from KPMG, as sentiment sours over the prospects for US financial markets. Over half of the UK’s finance bosses believed the negativity of London’s health as a financial hub was overplayed. KPMG’s latest UK Financial Services Sentiment Survey, which quizzes over [...]