TI Fluid Systems agrees to £1bn takeover as London exits accelerate November 29, 2024 ABC Technologies has reached an agreement to buy London-listed British manufacturer TI Fluid Systems for £1bn, following previous rejected proposals
London Stock Exchange takeover bonanza tops £50bn November 29, 2024 This year's barrage of takeover bids for firms lsited on the London Stock Exchange has jumped to £52bn, igniting fears over the future of Britain's equity markets.
Direct Line shares surge after £3.3bn Aviva takeover approach November 28, 2024 Shares in Direct Line surged as much as 40 per cent on Thursday morning after the insurer rejected a £3.3bn takeover approach from larger rival Aviva.
Exclusive: City grandees look to Asia in bid to solve IPO drought November 28, 2024 City grandees are looking to capitalise on European political volatility and tempt a wave of international and Asian companies onto the London Stock Exchange next year, according to a memo seen by City AM. London’s public markets have “tailwinds” behind them and the capital could benefit from being the “adult in the corner of the [...]
Just Eat delisting ‘blow to the City’ and setback for Reeves November 27, 2024 Just Eat Takeaway abandoning the London Stock Exchange “highlights a troubling trend” for UK markets as the government struggles to keep companies listed in Britain. The takeaway delivery company cited low liquidity, burdensome regulatory requirements, and high costs as key reasons for its move, which analysts said underscored the uncompetitiveness of London’s equity markets. “If [...]
Mitchells & Butlers: All Bar One operator set for £100m Budget tax hit November 27, 2024 All Bar One owner Mitchells & Butlers has become the latest hospitality business to warn of higher costs due to the tax changes outlined in Labour’s inaugural Budget at the end of October. The group made the comments within its full year results release for the year to 28 September 2024, which was published this [...]
Just Eat set to abandon London listing November 27, 2024 Just Eat Takeaway has announced it will be delisting from the London Stock Exchange due to the administrative burden of a dual listing. When Just Eat Takeaway.com was created in 2020 between a merger of the London-based Just Eat and the Amsterdam-listed Takeaway.com, it had initially planned to to scrap its Dutch listing. However, in [...]
Hays: Recruitment giant’s shareholders stage major revolt against PwC November 20, 2024 Shareholders in recruitment giant Hays have staged a major protest over the reappointment of PwC as its auditor. Just over 20 per cent voted against the reappointment of the accountancy giant to the role it has served since 2016 at Hays’ annual general meeting. At the same meeting, 19.8 per cent of shareholders voted against [...]
Superdry issues warning as struggling fashion label cuts jobs after quitting London November 20, 2024 Superdry has warned its sales will continue to fall significantly during its current financial year after quitting the London Stock Exchange in an attempt to stay afloat. The Cheltenham-headquartered fashion brand delisted earlier this year as part of a radical restructuring plan to keep the company trading. At the time, the company said that cutting [...]
FTSE 100 drops as investors flee European stock markets over Russia-Ukraine fears November 19, 2024 Investors fled FTSE 100 stocks and European markets for safe haven assets this morning amid fears of fresh escalation in Russia’s war in Ukraine. Markets were spooked by Vladimir Putin’s move to approve an updated Russian nuclear doctrine, which could pave the way for the Kremlin to consider using nuclear weapons if it is subject [...]