Post-Brexit listing: Czech payment giant Eurowag planning £1.4bn IPO in London May 27, 2021 Private equity firm TA Associates is planning to list Czech Republic-based W.A.G. Payment Solutions, better known as Eurowag, on the London Stock Exchange, two sources told Reuters this evening. If the listing goes ahead, it would be seen by many as a reaffirmation of London’s attractiveness to European companies in the aftermath of Brexit. The [...]
Investors ‘begin to drop’ star stock picker Terry Smith as £360m flows out of UK’s largest fund May 26, 2021 Nearly £360m was pulled from the UK’s largest investment vehicle during the first three months of this year, putting the spotlight on the performance of City stock picker Terry Smith. Investors pulled roughly £360m from Fundsmith Equity Fund, which has an estimated £24.4bn in assets, according to Morningstar Data and reported by Wealth Manager. The [...]
Refinitiv boss David Craig to leave London Stock Exchange May 26, 2021 London Stock Exchange Group today said David Craig, the boss of its Refinitiv data and analytics business, would depart at the end of the year
LSE warns Reuters paywall plan breaches Refinitiv deal terms May 20, 2021 Reuters has reportedly been warned by the London Stock Exchange Group that its plan to instigate a paywall on its content is in breach of the London bourse’s purchase of data provider Refinitiv. A letter from the LSE to the news provider, which was reported by Barron’s, says that the plan, which was announced in [...]
Alphawave shares lift slightly, after 22 per cent plunge in London stock market debut May 14, 2021 Following a turbulent market debut yesterday, Alphawave’s shares rebounded slightly in its second day of trading in the capital. The tech firm’s share price bounced to 366.2p per share this morning, down 1.03 per cent, after prices fell as low as 310.85p yesterday. Over half a billion pounds was wiped from the Canadian computer chip [...]
IPO: London commodities dealer Marex looks to float on LSE in £500m move May 14, 2021 London commodities dealer Marex looks to float on LSE in £500m move
City Moves: Who’s switching jobs in the Square Mile this week? May 12, 2021 City A.M.‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Capital Group strengthens UK sales team Investment firm Capital Group, which has £1.7 trillion assets under management, has expanded its UK financial intermediaries team this week by hiring a new managing [...]
Darktrace races out of the blocks: A boost for London’s IPO market after Deliveroo’s flop April 30, 2021 In a welcome boost for the London IPO market after the Deliveroo flop, UK cybersecurity company Darktrace launched this morning well above its initial price of 250p per share, jumping sharply to 350p in opening trade. There were early indications that the initial valuation might be higher than this, at around £3bn, however it appears that [...]
London Stock Exchange Group sees income increase after Refinitiv deal completes April 28, 2021 The London Stock Exchange Group (LSEG) posted a small increase in income for a first quarter in which it finally completed the acquisition of data firm Refinitiv. Total income at the firm was up 3.9 per cent at £1.8bn for the period, while gross profit climbed 4.0 per cent on a constant currency basis to £1.5bn. [...]
London Stock Exchange opens investigation after Refinitiv data outage April 8, 2021 The owner of the London Stock Exchange today said it was opening an investigation into a long outage at Refinitiv, the markets data platform it acquired earlier this year. The outage at Refinitiv’s Eikon software, which provides market prices, began at roughly 7.30 this morning. Subscribers who use the service to access data for trading [...]