Arm Mk 2: Another British tech firm snubs London for New York float September 17, 2023 Imagination, which licences designs to companies including Apple, has quietly registered for a public listing in New York
City workers are ignoring ‘ego driven’ calls to return to offices November 29, 2022 City workers are ignoring calls from ‘C Suite’ executives for staff to come into the office for a minimum number of days each week, according to a new report. Workers and managers in the financial and professional services sectors are instead employing their own “bespoke” working models that align with their specific operational needs, the [...]
Trucking tech platform Eurowag to buy Polish rival for £265m as CFO steps down October 25, 2022 Trucking tech platform Eurowag is set to buy Polish software company Inelo for up to €306m (£265m) to strengthen its hold on the country’s market. Prague-based Eurowag said that an additional €12.5m could be paid to Inelo depending on its performance for the year ending 31 December. “This strategically important transaction not only brings additional [...]
Marshalls’ shares plummet as firm warns of slowdown in sales October 7, 2022 Shares in building materials manufacturer Marshalls fell almost 20 per cent today after the firm warned of a slowdown in sales due to faltering demand. The West Yorkshire firm said its outturn will be “slightly below the bottom end of the current range of market expectations” as its sales start to slow. The warning comes [...]
French titan Schneider snatches Aveva in £9.5bn deal September 21, 2022 French industrial giant Schneider has snatched London-listed software developer Aveva in a £9.5bn deal. Schneider already owns a majority stake in the Cambridge developer as in 2017 it acquired 60 per cent of Aveva for £3bn. The £31 per-share deal, which implies an enterprise value of £10.2bn, was announced today by the companies. The offer [...]
Ocado shares sink after HSBC downgrade September 20, 2022 Shares in Ocado sank on Tuesday after HSBC analysts downgraded the grocery delivery firm from a Hold to a Reduce rating. HSCB’s notes caused shares in the middle-class favourite to drop by more than eight per cent after Ocado warned last week that soaring inflation will weigh on its profitability in Q4. The firm warned [...]
Naked Wines founder turns advisor in bid to weather financial storm September 16, 2022 Naked Wines’ founder and former chief executive Rowan Gormley has been appointed to an advisory role as the winemaker weathers the current financial storm. The company, which connects shoppers and wine makers, recently said it was “reviewing potential operational and financial plans for the next 18 months.” It will publish an update during the week [...]
Keystone Law ready to poach lawyers hit by downturn, firm chief James Knight says September 15, 2022 Keystone Law’s head has said the listed law firm is readying itself to profit on the looming economic downturn, with a view to poaching lawyers laid off from other firms. Speaking to City A.M. Keystone chief executive James Knight said the remote-first law firm is ready to pick up those lawyers facing heightened pressure to [...]
Shares in Naked Wines plummet following shock stock market announcements September 14, 2022 INVESTORS gave Naked Wines a sniff yesterday after two shock stock market announcements – and sent the sommellier back to the cellar. Shares were down almost 40 per cent yesterday after the firm this week announced the departure of a non-executive director after just two weeks and a worrying business update. Wayne Brown, an analyst [...]
Mothercare shares surge as baby goods seller returns to profitability September 13, 2022 Shares in Mothercare surged by more than 60 per cent today after the British baby-care products retailer said it had swung back into profitability over the past financial year. The Watford headquartered company posted profits of £12.1m for the financial year 2022, compared to a £21.5m loss in FY 2021. The retailer said the “significant [...]