Power Probe launches dividend bonanza after growth surge Markets One of the newest members of AIM is gearing up for a dividend bonanza just months after its London IPO. North Carolina-based Power Probe, which makes power tools for the motor industry and debuted on AIM in December, raising $15m (£11.1m), declared an initial dividend of 1.6per share on Monday. The firm, founded in California [...]
FTSE 100 Live: Stocks dip as oil prices surge to three-week high Markets Good morning and welcome back to the City AM liveblog. There’s set to be little relief in markets this morning as investors return from the weekend to oil hitting a three-week high. The price of Brent crude – the international benchmark for oil prices – rose two per cent to over $107 on Monday morning. [...]
‘We chose AIM over Nasdaq and Euronext’: Power Probe boss Markets The boss of US toolmaker Power Probe said he felt the AIM market was the best international venue for the company after completing a London stock market float. In an interview with City AM, Power Probe chief executive Chema Garcia said: “With 90 per cent of our revenue in the US, the first option was [...]
Why this Californian company is listing in London December 11, 2025 As a high growth company with ambitious plans to expand our business, enter new markets and build on our commercial success to date, Power Probe wanted to select an accessible, capital-rich, and globally respected market that truly understands and nurtures ambitious smaller and mid-sized companies, says Chema Garcia Power Probe, a business that started life [...]