Peel Hunt revenues slump to £22.8m as IPO slowdown hits July 7, 2022 Investment bank Peel Hunt said a slump in the IPO market was weighing on performance today as revenues hit £22.8m in the three months to the end of June.
Watches of Switzerland hails ‘tremendous’ growth as profits hit £126m July 7, 2022 Boss of luxury goods retailer Watches of Switzerland said it had been a “tremendous” year for the firm today as it reported a 98 per cent jump in pre-tax profits for the full year.
Currys commits to price freeze as full year profits jump July 7, 2022 Electrical retailer Currys committed to a price freeze on dozens of products today as it reported a jump in profits to £126m for the full year.
London IPO activity plunges as market volatility puts a stop to listings boom July 7, 2022 The amount of cash raised via initial public offerings in London plunged in the first half of the year as firms pull back from the public markets amid extreme volatility and historic levels of inflation, new data has revealed.
UK firms slash debt levels as interest rates rise July 6, 2022 UK firms are paying off debt for the first time in eight years as rising interest rates dissuade further borrowing and strong cash flows are channelled into repaying existing debt, a new survey has revealed.
Abrdn launches £300m share buyback programme July 6, 2022 Asset manager Abrdn announced a £300m share buyback programme this morning as it looks to put excess cash back in shareholders’ pockets.
AO World looks to raise £40m amid cash crunch fears July 6, 2022 British electrical retailer AO World revealed it is looking to raise £40m today to shore up its balance sheet just days after its share price plunged amid fears over its cash reserves. It was revealed earlier this week that a third-party credit insurer serving some of the firm’s suppliers had slashed its cover in light [...]
Recruiter Robert Walters notches record quarter amid hypercompetitive labour market July 6, 2022 London-listed recruiter Robert Walters said today it enjoyed a record quarter in the three months to June as firms jostled for talent in a hypercompetitive jobs market.
FCA brings in six directors and hires ‘almost 500’ to meet expanding remit July 5, 2022 The City watchdog said today it had bolstered its senior leadership team and hired almost 500 people in the past six months as it races to keep up with a rapidly expanding remit.
Clamp down on ‘rogue pension providers’ preventing transfers, PensionBee boss tells ministers July 5, 2022 The boss of fintech firm PensionBee has called on the government and regulators to clamp down on “rogue providers” preventing the transfer of pension pots, as ministers prepare to assess the impact of freedoms granted to retirement savers seven years ago.
