‘Misperceived and undervalued’ office renting firm IWG urged to quit London listing September 10, 2024 A leading shareholder in International Workplace Group (IWG) has called for the co-working firm to quit its London listing and relocate to the US to boost its value. Miami-based investment firm Buckley Capital Management, which said it was a top 15 shareholder of IWG, argued that the London market ‘misperceived and undervalued’ IWG. “We believe that [...]
Draper storms into first ever slam quarter-final at US Open September 2, 2024 Brit Jack Draper stormed into his first ever Grand Slam quarter-final on Monday, beating Tomas Machac to reach the last eight at the US Open. Prior to Monday’s win against the Czech athlete at Flushing Meadows, the 22-year-old had only ever reached the fourth round at the four major annual tournaments. But Draper dominated his [...]
New York float worth £1.2bn involving Michael Klein abandoned August 20, 2024 The planned $1.6bn (£1.2bn) merger involving a Cheshire investment group founded by the brother of former Take That singer Jason Orange, that would see it float on the New York Stock Exchange, has collapsed. The deal between Corpacq, which was founded by Simon Orange, and Churchill Capital Corp VII, a special purpose investment vehicle set [...]
‘Open for business’: Top US finance chiefs to attend UK investment summit August 6, 2024 The first US CEOs have confirmed they will attend the UK government’s international investment summit this autumn.
Firmdale: Record year for luxury London and New York hotel group amid expansion plans August 5, 2024 Turnover at the group behind luxury hotels in London and New York edged to almost £200m during its latest financial year, it has been revealed.
Sotheby’s hands huge pay day to billionaire owner Patrick Drahi July 10, 2024 Sotheby's paid a huge dividend to its billionaire owner Patrick Drahi despite a tick down in its financial performance amid reports a minority stake could be sold to ease debt concerns.
Corpacq’s $1.6bn New York float nears after six-month delay June 24, 2024 A $1.6bn (£1.26bn) merger involving an investment group founded by the brother of a former Take That singer is on the verge of being approved after being delayed by six months.
The threat of a listing exodus must spur on bolder risk-taking June 11, 2024 Just as the arrival of Shein onto London’s equity markets, and the Raspberry Pi float, are more indicative of individual company circumstances than a wider trend, so too would be Ashtead’s departure from London – if they choose to move ahead with it. This is a company after all which, though listed in the capital, [...]
India beat Pakistan in T20 Cricket World Cup as bowlers shine June 9, 2024 India’s bowlers won them the biggest match in cricket with Pakistan failing to take advantage of a superb first innings at the T20 Cricket World Cup yesterday. Pakistan restricted India to just 119 in New York but a stunning effort with the ball gave the favourites a six-run win over their fierce rivals. Captain Rohit [...]
Tables turned? Cambridge pharma firm launches hostile bid for New York-listed peer June 7, 2024 Vanda Pharmaceuticals, based in Washington DC, confirmed the receipt of Cycle’s “unsolicited, non-binding indication of interest” and stated it would carefully review and evaluate the proposal.