Alphawave reaches deal on Qualcomm takeover June 9, 2025 Alphawave is poised to become the latest tech firm to quit the London Stock Exchange after reaching a $2.4bn (£2.8bn) deal to be acquired by Qualcomm. The British semiconductor business said its board would now recommend to shareholders the terms of the acquisition after weeks of talks, which began in April. The cash offer of [...]
Invidior: Drug maker ditches London for US June 2, 2025 The London Stock Exchange suffered another blow on Monday after drug maker Invidior said it intends to abandon its London listing and focus on its primary listing in the US. The firm said it had reviewed its listing structure and considered liquidity, the location of shareholders and red tape associated with its London listing. Its [...]
London Stock Exchange boss takes home almost £8m despite high-profile delistings March 27, 2025 The chief executive of the London Stock Exchange Group saw his pay packet swell to almost £8m despite the stream of high-profile delistings in 2024. David Schwimmer took home £7.8m for the group’s latest financial year, up from the £5.3m he was paid for 2023. His remuneration was made up of £1.3m in salary, a [...]
Gusbourne: Wine maker faces delisting from London’s AIM as shares plummet February 10, 2025 Shares in Gusbourne dropped more than 34 per cent this morning after the English winemaker announced it would consider delisting from London’s junior stock market, AIM. In an announcement to the London Stock Exchange, Gusbourne said it had received a letter from majority shareholder Lord Ashcroft, requesting it to hold a meeting to consider going [...]
Firm slams City as it plans to leave the London Stock Exchange December 31, 2024 DG Innovate has announced plans to cancel its listing on the London Stock Exchange due to a lack of investor demand for early-stage companies. DG Innovate is an R&D company specialising in sustainable transport and energy storage. Although the firm said it has made “significant operational progress” over the past year, it has still struggled [...]
A turbulent year for London’s markets… in four graphs December 19, 2024 “There’s always light at the end of the tunnel,” said one London Stock Exchange executive in March, just after two more firms announced they were heading for the exit. “Don’t lose your head amongst all the doom-mongering.” It is a mantra that London’s bourse has had to hold onto over the past 12 months as [...]
Just Eat set to abandon London listing November 27, 2024 Just Eat Takeaway has announced it will be delisting from the London Stock Exchange due to the administrative burden of a dual listing. When Just Eat Takeaway.com was created in 2020 between a merger of the London-based Just Eat and the Amsterdam-listed Takeaway.com, it had initially planned to to scrap its Dutch listing. However, in [...]
Mattioli Woods: Profit slashed at wealth manager as it quit London November 19, 2024 Profit at wealth manager Mattioli Woods was slashed by more than 90 per cent as it prepared to delist from the London Stock Exchange’s AIM, it has been revealed. The Leicester-headquartered was acquired by London-based private equity firm Pollen Street Capital after the deal was first announced in March. In its latest accounts, which have been filed [...]
Ashtead: Profit down at equipment giant as revenue slows September 3, 2024 Equipment rental group Ashtead’s revenue grew just two per cent, and profit fell during the three-month period ending 31 July, as a construction slowdown across the US hit the company. The equipment hire giant, the FTSE 100’s 25th largest firm, reported revenue of $2.75bn (£2.1bn) for the period, up from $2.7bn (£2.06bn) in the prior [...]
Ashtead: Equipment firm looks to manage expectations ahead of results September 1, 2024 Expectations have been kept low for equipment hire specialist Ashtead Group as it reports its first quarterly results of the firm’s fiscal year on Tuesday. The FTSE 100-listed firm has seen its shares slump 12 per cent from the two-and-a-half-year highs it reached in the spring. It had been one of the big beneficiaries of [...]