Consulting giants face up to AI-reckoning Consulting Shares in major consultancy firms have dropped sharply as investors fret over the impact of AI on the industry. Maria Ward-Brennan and Rosie Harris-Davison look at whether the threat is real. A bloodbath is unfolding across the professional services sector as artificial intelligence (AI) hammers the shares of global consulting giants like Accenture, IBM and [...]
The London Tunnels joins JP Jenkins after ditching Euronext Markets The company behind plans to convert a set of secret Second World War tunnels beneath the City into a major new tourist attraction has today joined private securities venue JP Jenkins after quitting Amsterdam’s Euronext. The London Tunnels Ltd, which was set up in 2023, floated on the Dutch exchange in 2024 in a bid [...]
‘We chose AIM over Nasdaq and Euronext’: Power Probe boss Markets The boss of US toolmaker Power Probe said he felt the AIM market was the best international venue for the company after completing a London stock market float. In an interview with City AM, Power Probe chief executive Chema Garcia said: “With 90 per cent of our revenue in the US, the first option was [...]
Magnum only scoops €8bn valuation on stock market debut December 9, 2025 Unilever’s demerged Magnum Ice Cream Company netted a €7.8bn (£6.8bn) valuation on its stock market debut, heavily undershooting early analyst expectations at an initial public offering overshadowed by a long-running spat with the founders of Ben & Jerry’s. Shares in the ice cream group, which also owns the Cornetto and Wall’s brands, opened 60 cents [...]
UK at risk of losing out on Unilever ice-cream float September 15, 2024 The UK is at risk of losing out on a key deal for London because it hasn’t appointed an investment minister, according to a former Barclays chairman. Gerry Grimstone, who also worked as investment minister at the Treasury from 2020-2022, said that Labour’s lack of focus on boosting the UK’s stock market may see Unilever’s [...]
Life sciences firm hVIVO cancels Euronext listing to focus on London August 5, 2024 The cancellation, set to take effect on 2 September 2024, will remove hVIVO's shares from the Euronext Growth index.
Another snub for the capital’s bourse as London Tunnels heads for Euronext June 24, 2024 London Tunnels has announced plans to list on the Euronext in Amsterdam in the latest blow to the London Stock Exchange.
Amsterdam maintains post-Brexit status as Europe’s share trading hub March 19, 2024 Amsterdam maintained its position as the heart of Europe's equity-trading business, a position it has held over London since July 2021.