Apax backs down from Kin and Carta bidding war March 11, 2024 In a stock exchange notice today, Apax said that its offer for a takeover of the digital transformation company formerly known as St Ives has lapsed.
Loopup: Stock price crashes after cancelling listing to benefit from private markets boom March 11, 2024 Loopup estimated that it needs to raise around £9m, to pay off its £6m in debts and to continue growing its cloud telephony business.
Will a British ISA really boost the London Stock Exchange? March 9, 2024 Jeremy Hunt confirmed much trailed plans for a British ISA in the budget on Wednesday in a bid to get cash flowing into London’s beleaguered stock market.
US jobs report ‘all over the place’ as unemployment ticks up March 8, 2024 The US economy presented a muddled picture in February, as the economy added 275,000 jobs, above expectations of 200,000, while the country’s unemployment rate increased by 0.2 percentage points to 3.9 per cent. Wage inflation came in at 4.3 per cent on a yearly basis, below market expectations and January’s figure of 4.4 per cent. [...]
IWD: There are more FTSE 100 CEOs with these two names than women March 8, 2024 There are more CEOs named Andrew and Simon than female CEOs in the FTSE 100, a new report has revealed on International Women’s Day. With 12 different CEOs called Andrew and Simon, women are outnumbered in the top job in the 100 biggest listed companies in the UK, a report from People Managing People has [...]
Just Group shares up 7.3 per cent after profits surge March 8, 2024 The firm reported an underlying operating profit of £377m in its full-year results for 2023, four per cent ahead of consensus.
Mega-merger on the way as Mondi set to buy UK rival DS Smith for £5.1bn March 8, 2024 Mondi is set to buy its smaller rival DS Smith for £5.1bn, the firms revealed in a stock exchange announcement. The deal, which had been rumoured since last month, saw Amazon packaging giant DS Smith’s shares jump 11 per cent on the day. Now, the two firms confirmed the agreement for a possible takeover, which [...]
IWD: Who are the four FTSE 100 firms with both female CEOs and CFOs? March 8, 2024 Out of the 100 companies in the FTSE, only 10 have a female CEO, compared to 24 CFOs. 14 of the female CFOs have been in their current role for less than two years, data from AJ Bell revealed.
Embattled energy trust crashes after relisting on London Stock Exchange March 7, 2024 The trust began trading on the London Stock Exchange from 3:30pm yesterday after the trust published its delayed annual and interim results in January.
UK’s gender investment gap now bigger than the entire GDP of Argentina March 7, 2024 The gap between the amount invested by men and women widened again this year to £567bn, £54bn more than last year and largely due to young men investing far more than young women. Only nine per cent of women aged 18-24 invest, compared to 22 per cent of young men, research conducted by Boring Money [...]
