Rachel Reeves must act now to save pubs, City broker warns February 20, 2025 Peel Hunt has become the latest broker to issue a warning that British pub culture is at risk due to structural pressures and tax hikes. Hospitality was the biggest driver of economic growth in both November and December, according to the latest government figures. But tax rises in the October budget “halted and reversed a [...]
UK IPOs set to ‘spring back to life’ in 2025 February 7, 2025 The UK IPO market is set to “spring back to life” in 2025, according to City brokers Peel Hunt. “A number of issuers are currently monitoring windows in the second quarter, which we expect to be the first real test of the UK IPO market in 2025,” said Peel Hunt analysts. In 2024, the UK [...]
Ashmore: Emerging markets giant stock jumps after beating expectations February 7, 2025 Emerging markets specialist Ashmore has once again beaten expectations despite recording yet more outflows, leading its stock price to rise 1.6 per cent. The FTSE 250 money manager’s half-year results revealed adjusted operating profit totalled £33.7m over the last six months of 2024, compared to the £31m forecast by analysts. Assets under management stood at $48.8bn (£39.2bn) [...]
Saga hikes profit expectations following Ageas deal January 30, 2025 Saga, the financial services and travel provider for over-50s, has said it expects to report an underlying profit before tax above previous guidance. In a trading update, the firm said it expected underlying profit before tax for the last six months of 2024 to come in marginally higher than the year before. Saga’s travel arm [...]
Raspberry Pi stock dips after profit forecast at lower end January 29, 2025 Raspberry Pi’s stock price has dipped by 2.2 per cent after it said adjusted operating profit was expected to come in on the low end of what had been expected by markets. The Cambridge-based tech firm said it expected its full year adjusted operating profit to be above $36m (£28.9m), compared to a range of [...]
Galliford Try: Shares rise as construction firm continues hot streak January 15, 2025 Galliford Try has continued to its strong streak of performance over recent years, reporting profit and cash ahead of analyst expectations. The construction firm had £210m in cash by the end of 2024, while its order book had grown from £3.7bn to £3.9bn throughout the year, it said in a trading update today. In early [...]
London Stock Exchange exodus hits £107bn as Ashtead eyes the US December 10, 2024 The value of companies fleeing the London Stock Exchange for foreign markets has reached £107bn this year after FTSE 100 Ashtead announced it would be heading across the Atlantic today. In a statement this morning, the construction equipment firm confirmed a long-rumoured move to swap its primary listing to the US, where it has its [...]
Another London-listed firm goes private as deals bonanza accelerates December 4, 2024 Another London Stock Exchange-listed firm waved through a take-private deal today in the latest of a torrent of exits from the City’s bourse this year. Learning Technologies, an AIM listed edtech company, agreed to an £836m takeover from US private equity behemoth General Atlantic, making it one of 45 listed companies to sell-up or enter [...]
Lord Mayor criticises ‘misalignment’ of tax in call to unleash the City December 2, 2024 The Lord Mayor of London will rebuke the government for a “misalignment” in its fiscal policy tonight as he calls for ministers to “look again” at a tax on share trading and incentivise investors to back London Stock Exchange-listed companies. In his first major speech since becoming Lord Mayor in November, Alastair King will urge [...]
Ministers must act to slow London Stock Exchange investor ‘exodus’, says Peel Hunt chief December 2, 2024 Ministers must do more to stop the “exodus” of cash from the London Stock exchange after 41 consecutive months of outflows from UK equity funds, the boss of Peel Hunt has warned. In an interview with City AM, Steven Fine, who heads the AIM-listed broking house, said the speed of money leaving the market was [...]