Shawbrook’s private equity owner eyes another £3bn IPO Markets The private equity owner of specialist lender Shawbrook is eyeing another blockbuster listing for one of its portfolio companies, fresh reports have suggested. Pollen Street Capital is understood to be laying the groundwork for an IPO for its UK insurer Markerstudy with conversations underway with investment bankers over a listing that could value the firm [...]
FTSE 100 Live: Diageo taps new top chief; private equity swoop Markets Good morning from the City AM liveblog team, It’s a new week in the City and markets will be hoping for a recovery rally after tech jitters sent stocks deeper into the red on Friday. There’s a mixed bag of factors weighing on global indexes, namely the ongoing government shutdown in the US and the [...]
CMA targets Apple and Google’s market dominance to strengthen UK app market Tech The UK’s competition watchdog has proposed a sweeping shake-up of the mobile app economy, with plans to designate Apple and Google as having “strategic market status” (SMS) – a move that could open the door to new rivals, lower development costs, and broadly loosen the tech giants’ tight grip on the mobile ecosystem. In a [...]