Costain shares jump after Peel Hunt, Panmure raise target price June 16, 2025 Shares in Costain jumped as much as 10 per cent in early London trade after raised price targets from analysts at both Peel Hunt and Panmure Liberum. The London-listed construction company’s target price was upgraded to 150p from 135p by Peel Hunt and to 170p from 150p by Panmure Liberum. The firm unveiled a £10m [...]
Metro Bank shares soar after takeover interest from Shawbrook owner June 16, 2025 Shares in Metro bank boomed as markets opened on Monday after reports the high street lender had been approached for a takeover. The FTSE 250 bank’s stock was up nine per cent to 122.00p during early trading. On Friday, shares closed at 112.2p, giving it a market capitalisation north of £750m. This follows private equity [...]
Peel Hunt: City broker makes a loss amid economic headwinds June 16, 2025 Investment bank Peel Hunt faced the pinch of economic and market struggles in its latest financial year as cost-cutting measures took a chunk out of the firm’s bottom line. The City broker made a loss before tax of £3.5m, which the firm said was due to restructuring costs. But the company recorded a profit of [...]
Metro Bank receives private equity-backed takeover interest June 14, 2025 High street lender Metro Bank has been approached for a takeover which could take it off the London Stock Exchange, Sky News has reported. Bosses at Metro Bank have reportedly been approached in the last two weeks by private equity firm Pollen Street about an offer to take it private. The takeover would follow a [...]
Dignity: Funerals giant returns to profit after ditching London and shedding hundreds of jobs June 12, 2025 Funerals giant Dignity retuned to profit in its first full year since ditching the London Stock Exchange as it shed hundreds of jobs. The Sutton Coldfield-headquartered group delisted in May 2023 after it accepted a £281m cash offer to sell itself to a group of investors in January. Dignity was established in 1994 and listed on the [...]
Pod Point valued at £10.6m as EDF set to takeover June 12, 2025 Struggling Pod Point is to be taken over by France’s EDF in a deal that values the company at just £10.6m. The London-listed chargepoint provider had a market capitalisation of £352m when it began trading on the stock exchange in 2021. EDF will take full control of the group via the transaction, having previously held [...]
Will Pret a Manger’s IPO be a tasty treat for the City? June 12, 2025 There are few better ways to start the morning than with a bacon sandwich. Outside City AM‘s offices on Cheapside, a coterie of cafes and sandwich shops open at 6am to sate City workers’ cravings for the greasy, umami-rich bap. There is often a line stretching out the door at Greggs, which charges £3 for [...]
Could Pisces replace AIM, or will it crash and burn? June 12, 2025 The FCA’s rules on the new Pisces private market framework have been published. It’s now over to exchange groups to apply to become operators, with trading expected to commence before the end of the year. It’s hoped these new types of platform, which facilitate the trading of shares in private companies, will address a long-standing [...]
Bargain Britain: UK firms under siege by foreign takeovers June 12, 2025 The London Stock Exchange has suffered a bruising week as private equity firms and foreign giants continue to snap up British bargains. Markets were hit with a double blow on Wednesday after Canadian consultancy giant acquired engineering firm Ricardo and KKR returned with a final bid for GP Landlord Assura. Assura has recommended a cash [...]
Private equity giant KKR returns with final bid for Assura June 11, 2025 UK healthcare property firm Assura has received its “best and final offer” from KKR, which is set to trigger another delisting blow for the London Stock Exchange. Assura has recommended a cash offer from Sana Bidco, a vehicle owned by KKR and Stonepeak, which values the firm at 52.1p per share. Shares in Assura closed [...]