Leg up for UK listings as Labour backs £50bn pension ‘growth fund’ May 23, 2023 A Labour government would push pension funds to pump cash into UK start-ups and growth firms as part of plans to boost the City and keep homegrown firms in Britain, Rachel Reeves has said. Speaking in New York today, the shadow chancellor said her party aimed to rocket-launch investment in the UK by accelerating consolidation [...]
The Square Mile and Me: Dan Howe on the Jugged Hare and his first IPO celebration April 13, 2023 Where we ask the big questions of the City’s big names. This week, Janus Henderson’s head of investment trusts Dan Howe tells us about the Jugged Hare and his first IPO celebration What was your first job?I had the dream first job – as a lifelong watersports enthusiast, my first job was driving the chase [...]
Gary Neville’s content company Buzz16 gets ‘multi-million pound investment’ as it looks at £200m IPO February 27, 2023 Miroma Group has acquired a majority stake in Gary Neville’s content company Buzz16, which is now planning a £200m plus IPO. Buzz16 was launched by the former footballer and current Sky Sports presenter in 2016. The exact amount Miroma paid for its share has not been disclosed but it said the “multi-million pound investment”, “solidifies” [...]
Big Four look to hire London’s laid-off bankers to bolster their M&A teams February 6, 2023 The Big Four accounting firms – Deloitte, EY, KPMG and PwC – are seeking to hire laid-off bankers to bolster the ranks of their M&A advisory arms in the City. Top execs told City A.M. the world’s biggest professional services firms are seeking to capitalise on the downturn in big M&A deals by poaching talent [...]
UK shouldn’t start a ‘regulatory race to the bottom’ to lure Arm into London float, top City group warns February 5, 2023 A top City lobby group has hit out at the UK’s financial watchdog over claims it is planning to bend its own rules to persuade microchip designer Arm to float on the London Stock Exchange. The Institute of Directors (IoD) warned the Financial Conduct Authority’s (FCA’s) offer to waive market rules “undermines the integrity of both [...]
Is this the end of law firm IPOs? January 30, 2023 British law firms have traditionally stayed away from public markets. Yet following a series of IPOs over the past eight years, there are now six UK law firms listed on the stock exchange. Gateley became the first UK law firm to launch an IPO in 2015 after floating on London’s alternative investment market (AIM). In [...]
EY builds £2bn war chest to fund M&A spree for newly-separated consulting arm January 8, 2023 EY is creating a $2.5bn war chest to finance acquisitions of consulting businesses as it pushes ahead with plans to spin off its advisory arm into an entirely separate firm. The Big Four accounting firm is setting aside a sum of $2.5bn (£2.07bn) to fund an M&A spree for its newly-separated consulting arm, with a [...]
Conviction Life Science pushes back IPO deadline as winter investment freezes December 13, 2022 Investment manager Conviction Life Science has pushed back the funding deadline for its London float into the new year, as investors hibernate for the Christmas period. The soon-to-be listed fund said it wanted to extend its book-building period after seeing many large professional investors close their books and shelve new potential investments until the new [...]
Conviction Life Science to float in London to pounce on undervalued biotech firms December 6, 2022 Investment fund Conviction Life Science will float in London in an £100m IPO to capitalise on a stream of undervalued biotech and pharma firms, its investment chief told City A.M. yesterday. While the UK is home to Nobel-winning science, the industry gets a bad rap for being too risky and lossmaking. The company had mulled [...]
Supported housing firm Independent Living to raise £150m in London IPO September 12, 2022 Real estate investment trust Independent Living is set to float on the London Stock Exchange, in a bid to raise £150m. The company, which seeks to address the shortage of high-quality supported housing, is currently undergoing an acquisitions spree to build up its initial portfolio of so-called “target assets”, the company announced today. Potential acquisition [...]