London Stock Exchange chief slams pension schemes over attempt to block City reform June 29, 2023 The chief of the London Stock Exchange has hit back at a group of top pension funds today after they warned that reforms to boost the appeal of London risked “watering down” investor protections.
Hotel Chocolat shares plummet 13 per cent after profit warning on flagging consumer sentiment June 23, 2023 Hotel Chocolat shares have plummeted by around 12 per cent as the premium brand is expected to be back in the red. The retailer, which has fallen victim to cash-strapped Brits cutting back on luxuries, said it now anticipates revenue of £201.8m and underlying profit before tax of £0.3m for the 2023 financial year. It [...]
ITV ‘actively exploring’ Traitors producer All3Media acquisition June 16, 2023 Broadcaster ITV has confirmed it is “actively exploring” an acquisition of Traitors producers All3Media. It follows reports the TV channel was seeking to buy the production company from its joint owners Warner Bros Discovery Inc., which is facing a debt issue, and Liberty Global. The business would be combined with ITV’s Studios unit, according to [...]
Simply Be and Jacamo owner hit by revenue fall and warns 2024 will be tough June 6, 2023 The owner of Simply Be and Jacamo has told investors that it expects the hangover of high inflation and low consumer confidence to continue to impact the business next year, as the retailer posts a 82.6 per cent decline in profit before tax. N Brown, which trades solely online posted a 5.3 per cent decline [...]
Amicorp’s fund services arm will float in London and eyes £100m valuation in boost to the City June 5, 2023 Amicorp’s fund services arm will float on the London Stock Exchange this week with plans to raise $6.47m (£5.21m) in new ordinary shares and scale up its IT operations. The Hong Kong-based global management services group said the official price of the IPO will be revealed following a book building process – with the group [...]
Simply Be and Jacamo owner hopes for a rebound after bumpy few months June 4, 2023 Investors in online retailer N Brown will be looking for signs of recovery in its full year results this week after the firm paid out a hefty legal settlement and has struggled amid a broader slowdown in consumer spending. N Brown, which owns brands such as Simply Be and Jacamo, reported a 7.6 per cent [...]
London Stock Exchange chief: FCA rule changes won’t stop the City’s decline on their own May 3, 2023 New rule changes designed to boost the appeal of UK capital markets are “just one element” of arresting the City’s decline, the chief of the London Stock Exchange warned today.
The City’s flagship markets still matter – despite a changing Square Mile April 11, 2023 London’s markets are something of a hot topic in the City at the moment, and the smattering of rather unspectacular floats so far this year will do little to calm concerns that our capital markets are not the global hotspot they once were. The question is whether it matters to anything other than our collective [...]
Mark Austin interview: The City needs a culture change – we have to celebrate success March 30, 2023 The City of London is at an “inflection point” reckons the man who wrote last year’s capital raising review – but a year on, with Arm gone and others plotting New York floats, there remains much to do You’d be forgiven for thinking the Square Mile is in rather dire straits at the moment. Firms [...]
Succession star Brian Cox opened financial markets at London Stock Exchange March 24, 2023 Succession star Brian Cox swapped TV for LSE this morning, as the actor behind Logan Roy opened the London Stock Exchange. Ahead of the much-vaunted fourth and final season of the show on 27 March, the Scottish actor opened financial markets accompanied by a musical quartet playing the series’ iconic theme tune. Speaking after opening [...]