Could Flutter’s US expansion rock its premium London stock listing? January 4, 2024 Gaming giant Flutter is gearing up for a secondary listing on the New York Stock Exchange (NYSE) at the end of the month.
New York tightens leash on home working as London TWaTs lag behind November 28, 2023 Employees' hesitancy to return to the office full time has had an impact on the health of commercial properties, especially in the City.
Birkenstock share price slides 12 per cent in disappointing debut October 12, 2023 Birkenstock ended its first day of trade as a listed company down 12 per cent, making the frumpy shoes’ highly anticipated debut to the US stock market the worst stock market float in two years, analysts claim. Shares in the German sandal maker started trading at $41 (£33) a share, below its IPO price of [...]
YouGov full year revenue surges as it mulls over listing destiny October 10, 2023 YouGov reported strong 2023 full year results, with revenue shooting up 17 per cent, as it continues to decide the fate of its listing location, currently on London's stock exchange.
Birkenstock: Hippie sandal files for NYSE listing in further boost for US market September 13, 2023 Sandal maker Birkenstock has filed for an initial public offering on the New York Stock exchange, in a further boost for the US market.
Land of milk and honey? Why New York may not be a panacea for UK firms September 6, 2023 When second-hand car platform Cazoo announced a shift onto the public markets in 2021, it looked from most angles to be a true-blue British success story. Just three years after its foundation, this Amazon of old cars would debut on the stock market and pocket its founder Alex Chesterman the multi-million dollar payday most entrepreneurs dream of. [...]
Birkenstock UK profits stumble as brand preps for £8bn IPO August 17, 2023 Birkenstock’s UK arm reported a drop in profits for the year but its sales continued to soar. The German business, whose stripped-back shoes are sometimes called ‘Jesus Sandals’, said total turnover reached £34m in the year ended September 2022 up from £23m in the same period the prior year. Full year retail revenues also more [...]
London takes global tech capital crown from New York May 25, 2023 London has been ranked as the world’s most high-tech city snatching the top spot from New York, according to new research shared exclusively with City A.M. The capital scored top marks for its world-leading financial services, deep talent pool as well as the quality of its business environment and international reputation, according to Z/Yen Group’s [...]
Building materials firm CRH set to move London listing to New York March 2, 2023 Building materials giant CRH is planning to shift its main stock market listing from London to New York, in a fresh blow to the UK markets. The world’s largest construction materials firm told shareholders on Thursday that around three-quarters of its earnings came from North America, as it explained the proposals. CRH, which is headquartered [...]
White-shoe law firm ups new City lawyers’ pay to £160,000 a year December 14, 2022 Cleary Gottlieb has become the latest US law firm to boost salaries in the UK’s legal market after upping pay for newly-qualified (NQs) lawyers in its London office to £160,000 a year. The white-shoe law firm has given its City NQs a 14 per cent pay rise, in offering to boost their salaries by £20,000 [...]