Latvian airline Airbaltic considers secondary listing in London September 16, 2024 Chief executive Martin Grauss told City A.M. the UK capital was one of its top destinations for a secondary listing alongside a primary listing in the Latvian flag carrier's home country on the Nasdaq Riga exchange.
Henry Boot: Property developer takes key step toward 3,000-plot goal with major Coventry land sale September 16, 2024 Property developer Henry Boot has taken a significant step toward its goal of selling 3,000 plots this year, after completing a sale of nearly 500 plots to a national house builder. The London-listed firm, which is headquartered in Sheffield, confirmed its land promoter Hallam had sold 491 residential plots at Pickford Gate, Coventry, to the [...]
JTC snaps up Citi Trust as it continues transatlantic takeover spree September 16, 2024 FTSE 250 corporate solutions firm JTC has struck an $80m (£60.7m) deal to expand its financial services division with a new acquisition – the latest in a string of recent takeovers. The London-listed company, which is headquartered in the city, revealed it had bought out the US-based fiduciary business Citi Trust from Citi Bank in [...]
Thought Machine boss backs London listing for $2.7bn fintech September 16, 2024 The chief executive of Thought Machine, one of Britain’s most valuable fintechs, has thrown his weight behind a London IPO, but admitted he is under pressure to list in New York.
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 [...]
Rupert Murdoch-backed REA Group set to increase takeover bid for Rightmove September 15, 2024 The Australian real estate giant REA Group owned by Rupert Murdoch is reportedly considering upping its bid for the British property platform Rightmove.
London Security: Acquisition spree boosts revenue September 13, 2024 London Security has reported a modest rise in revenue, driven by a series of acquisitions across Europe. However, the London-listed company noted that its overall financial performance has been impacted by the weakening Euro, which has offset some of these gains. In the six months ending 30 June 2024, London Security’s revenue increased to £110.9m, [...]
Volvere: Shire Foods owner sees profit rise again as costs stabilise September 13, 2024 Turn-around investment firm and frozen pie maker Volvere has seen its profit more than double after its food manufacturing division saw the cost of raw materials stabilise, it said today. The London-listed company, which owns frozen pie producer Shire Foods, saw its revenue increase to £22.2m in the six months ending June 30, 2024 – a record [...]
FTSE 100 boosted by US inflation print and watering down of banking rules September 12, 2024 London markets received a boost on Thursday morning following a strong performance from US stocks and the Bank of England watering down proposals for new bank capital rules.
UK’s biggest residential landlord praises government’s new Renters’ Rights Bill September 12, 2024 The UK’s largest listed residential landlord Grainger has praised the government’s new Renters’ Rights Bill, which was presented in Parliament on Wednesday. If approved, the bill would introduce a range of measures aimed at balancing the scales between tenants and landlords, as the government pledges to “clean up the mess” left in the rental market by [...]