Canadian semiconductor firm Alphawave plans $4.5bn London IPO April 22, 2021 Toronto-based Alphawave is planning a London listing after setting a valuation of $4.5bn from cornerstone investors. The company is just four years old and develops technology that pushes data through data centres and phone networks. Alphawave said funds and accounts managed by Blackrock and Janus Henderson have entered agreements to subscribe $510m of offer shares [...]
Bank of England plots closure of Leeds distribution centre April 22, 2021 The Bank of England is closing its cash distribution hub in Leeds but plans to open another centre in the North. The central bank said that the dwindling use of cash, alongside the new polymer notes, would slash demand for distribution. The bank said its Leeds centre is set to close when the lease expires [...]
Lockdown pushes Domino’s UK sales higher April 22, 2021 Domino’s Pizza reported “exceptional” sales in the first quarter as lockdowns pushed pizza delivery orders higher. Sales in the UK and Ireland jumped 18.7 per cent to £371.3m in the three months to March. Like-for-like system sakes were up 18.5 per cent maintaining the company’s momentum. In March Domino’s announced plans to open 200 new [...]
AJ Bell assets jump as customers continue to flock to its platform business April 22, 2021 AJ Bell attracted a record number of customers to its platform in the second quarter, delivering a 35 per cent increase in its total assets. In a trading update, AJ Bell said its total customer numbers increased 32 per cent over the last year to 346,797, with total net inflows of £1.5bn. Its total assets [...]
Quilter’s revamped investment platform helps deliver jump in total assets April 21, 2021 Stimulus measures and the vaccine rollout helped push Quilter’s total assets 26 per cent higher in the first three months of the year. The FTSE-listed wealth manager and England rugby sponsor said assets under management and administration (AUMA) totalled £119.9bn in the three months to March, compared to £95.3bn a year earlier. It was partly [...]
Kier Group plans to raise up to £240m to ease debt pile April 21, 2021 Kier Group has said it plans to raise up to £240m by offering new shares as it looks to ease its debt burden. The construction firm said the proposed raise, which it plans to launch in the coming weeks, will help to bolster the group’s balance sheet by reducing net debt. The construction firm has [...]
Pensionbee valued at £365m ahead of London IPO April 21, 2021 Pensionbee has priced its IPO at 165 pence per share valuing the company at £365m ahead of its listing this month. The pension consolidation business is set to join the high growth segment of the London Stock Exchange. Last week it announced an offer price range of between 155p and 175p per share. The offer [...]
Heineken sales flat following increases in Africa and Asia April 21, 2021 The world’s second largest brewer Heineken reported stable beer sales in the first three months of the year after a strong performance in Africa and Asia. Net profit for the first three months of the year was €168m, up from €94m a year earlier. Beer volume in the first quarter was in line with last [...]
Plus500 moves into US with $30m acquisition of futures platform April 21, 2021 After a strong year Plus500 is dipping its toe in the US market with a $30m deal to buy a futures trading platform. The online trading platform this morning announced it has bought the membership interests of Cunningham Commodities, a regulated Futures Commission Merchant, and trading platform Cunningham Trading. The deal represents a growth opportunity [...]
Financial services leaders team up to launch net zero alliance April 21, 2021 Leading financial services firms have today announced the launch of a new alliance to reach net zero emissions ahead of President Biden’s climate summit. The Glasgow Financial Alliance for Net Zero (GFANZ) will bring together existing and new net zero initiatives and will be made up of 160 of the world’s biggest banks, asset managers [...]
