Mark Kleinman: Pay compass points towards a defiant City October 3, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the Square Mile talking in his weekly City AM column. This week he tackles executive pay, Rightmove subs and firm YNAP window-shopping Pay compass points towards a defiant City Who says work doesn’t pay? That’s not been the case in the last [...]
Ab Inbev: Budweiser, Stella Artois and Corona producer continues to make huge loss despite price rises September 30, 2024 The UK arm of Ab Inbev, which brews Budweiser, Stella Artois and Corona, continued to make a substantial loss during its latest financial year despite raising its prices. The London-headquartered division not made a pre-tax profit since the £40.9m it reported in 2020. Since then the business has lost £6.4m in 2021, £89.5m in 2022 [...]
With London IPOs on the wane, the private equity market needs to stay competitive September 27, 2024 Private equity deals have gone through a rocky patch but there is still plenty of capital looking for a home, says Edwin Richards Whilst popular in decades gone by, the age of the conglomerate has long been over. Most investors want to decide which sectors they invest in and want to be associated with champions [...]
Raspberry Pi shows London’s public markets are still sweet September 24, 2024 Investors woke up to a sweet surprise from Raspberry Pi on Tuesday, as the computer maker’s first post-IPO report topped expectations. The British tech darling posted a 47 per cent rise in gross profit and a 56 per cent growth in adjusted earnings (EBITDA) for the first half of the year, driven by the sale [...]
London edges closer to New York in battle for financial centre top spot September 24, 2024 London is closing in on New York for the title of the world's top financial centre, according to a survey by an influential think tank, as the capital pulled away from its European rivals.
Viking River Cruises: Record UK profit as sales recover to pre-Covid level September 20, 2024 The UK arm of Viking River Cruises has achieved its highest revenue figure since the Covid-19 pandemic while its profit hit a new record. The London-headquartered division has reported a revenue of £119.9m for 2023, up from the £94m it achieved in 2022, according to newly-filed accounts with Companies House. The last time Viking River [...]
Thought Machine boss backs London listing for $2.7bn fintech September 16, 2024 The chief executive of Thought Machine, one of Britain’s most valuable fintechs, has thrown his weight behind a London IPO, but admitted he is under pressure to list in New York.
UK at risk of losing out on Unilever ice-cream float September 15, 2024 The UK is at risk of losing out on a key deal for London because it hasn’t appointed an investment minister, according to a former Barclays chairman. Gerry Grimstone, who also worked as investment minister at the Treasury from 2020-2022, said that Labour’s lack of focus on boosting the UK’s stock market may see Unilever’s [...]
Revolut founder Storonsky saw ‘up to £230m’ windfall in employee share sale September 12, 2024 Revolut's billionaire founder and chief executive Nik Storonsky reportedly sold up to $300m (£230m) worth of his stake in the fintech during an employee share sale last month.
‘Game over’ for TGI Fridays’ UK owner Hostmore as shares crater almost 90 per cent September 9, 2024 TGI Fridays’ UK owner Hostmore is set to be wound down in a move that could wipe out its shareholders, after revealing it had dropped plans to buy the US restaurant chain for £177m. Shares in the London-listed company tanked by almost 90 per cent following the announcement on Monday. Hostmore, a hospitality firm which [...]