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Short sellers have been hiking their bets against Asos this month after the former e-commerce darling slashed its profit forecasts in September.
The City’s eyes will be trained on the Chancellor on Wednesday as he prepares to lay out the government’s spending plans in the autumn statement.
The Chancellor Jeremy Hunt has revealed £250m will be channelled into two new private sector investment vehicles today as ministers look to kickstart the flow of cash from pension funds into tech start-ups.
The London Stock Exchange and Arm would have been slammed by UK media if the chipmaker had floated in London and slumped below its IPO price, the boss of the London Stock Exchange Group has claimed.
The London Stock Exchange has faced a bruising few months as firms head to New York - but the City is now going on the offensive to take on the view they'll automatically fetch a higher valuation.
When Chancellor Jeremy Hunt rolled out plans to scale back research & development (R&D) tax credits for start-ups last year, there followed an almighty backlash from small business groups.
Shares in St James’s Place have bounced today after the firm mounted a defence of its bosses’ paypackets following a small revolt at its annual meeting in May.
KPMG has slashed bonuses for its UK deals team again in the latest sign of the strains facing the firm after a drop off in fees this year, City A.M. has learned.
London’s sluggish IPO market will bounce back as a rapid rate hiking cycle begins to slow and global jitters over inflation and political instability settle, the boss of the London Stock Exchange Group (LSEG) has said. New flotations have fallen off a cliff this year as firms shelve plans to shift on the public markets [...]
Ministers may have breathed a sigh of relief today as the UK economy narrowly dodged recession in the third quarter of the year after eeking out minor growth in September and August.
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