‘Incredible undervaluations’: Why this boss thinks the time is right to float on AIM October 22, 2024 A new acquisition vehicle announced plans to float on AIM last week despite a barrage of warnings over its future ahead of the budget. Its boss, Iain McDonald, tells City AM why. In a letter to the City minister, Tulip Siddiq, last month, the boss of the London Stock Exchange had some stark words on [...]
London Stock Exchange Group sacks US staff member over ‘racist’ video October 18, 2024 The London Stock Exchange Group has sacked one of its staff after a “concerning video” was shared online. In a Linkedin post, the FTSE 100 firm said today it had been made aware of a video involving one of its US staff members and it had now fired the person. “You may be aware of [...]
Scrap AIM to save London’s capital markets, think tanks say October 13, 2024 London's junior stock exchange should be ditched, according to a new report, as part of a "radical surgery" to save the UK's ailing capital markets.
THG raises over £95m to aid Ingenuity demerger October 11, 2024 THG has raised more than £95m to help fund its planned demerger of its Ingenuity division. The Manchester-headquartered group, which includes City AM, confirmed on Thursday, 10 October, that it would press ahead with the demerger and revealed plans for a £75m fundraise led by boss Matthew Moulding. The London-listed firm said the demerger of [...]
London-listed firms say uncertainty over AIM tax relief is hurting investor confidence October 10, 2024 Over 100 major London-listed companies, including Fevertree Drinks and YouGov, have written to the Chancellor warning that the uncertainty surrounding the future of a key tax relief tied to London’s junior stock market is battering investor confidence.
Prepare to flee London’s AIM if Reeves mounts inheritance tax raid, bank warns October 10, 2024 Companies listed on London’s junior AIM market are being told to prepare to flee the exchange or announce emergency share buybacks amid fears that a punishing inheritance tax raid could trigger a sell-off, City AM has learned. In a letter seen by City AM, one investment bank has urged all of its AIM-listed clients to [...]
Shein parks tanks on Boohoo’s lawn as UK sales pass £1.5bn ahead of IPO October 8, 2024 UK sales at Shein, the Chinese-founded online retailer on track for a bumper IPO on the London Stock Exchange, passed £1.5bn last year, the company has revealed. The division generated a revenue of £1.55bn for 2023, up from the £1.12bn it achieved in 2022. Shein also posted an annual profit of £18.7m, a significant rise [...]
Rachel Reeves promises to ‘revolutionise’ UK capital markets and boost London listings October 8, 2024 Ministers and regulators have made urgent efforts to inject more life into Britain's capital markets amid a dearth of IPO activity and heavy outflows from UK equity funds.
Don’t turn the City into the ‘best regulated graveyard’, pension funds told October 7, 2024 A group of pension funds has been warned against turning the City into the “best regulated graveyard” today after they called for the boss of the London Stock Exchange to stop lobbying for reform of financial services rules. In the latest of a series of letters to the London Stock Exchange Group (LSEG), a coalition [...]
Applied Nutrition confirms plans to list this month October 7, 2024 It will be targeted at institutional investors in the UK as well as retail investors through the Retail Book platform. Following its IPO, the firm is targeting a free float of at least 25 per cent