Flutter inches closer to primary US listing as more firms fall out of love with London April 28, 2023 London-listed gambling company Flutter yesterday won shareholder approval to launch a secondary listing in the US, paving the way for it to switch its primary listing in the future. 99 per cent of shareholders approved the secondary listing at Flutter’s annual general meeting on Thursday. The listing is expected to take place later this year, [...]
London Stock Exchange chief: Risk aversion is holding back our capital markets April 26, 2023 British investors need to better understand risk if the UK is to realise the potential of its capital markets, the chief of the London Stock Exchange said today, as top City figures were grilled by MPs on an exodus of firms away from London.
Sunak arrived late to the business charm offensive and still can’t catch up April 26, 2023 Rishi Sunak spent Monday flirting with business leaders, but Keir Starmer and Rachel Reeves are still winning the battle to court corporates.
Manchester United sale: Will bidders call the Glazers’ bluff? April 25, 2023 Five months after Manchester United’s owners, the Glazers, fired the starting pistol on a potential sale, bidding is finally expected to draw to a close on Friday. The Glazers’ bankers, the Raine Group, surprised some earlier this month by extending the process to a third round of offers for the 20-time English champions. It has [...]
In a global tech downturn, startups have a mountain to climb April 21, 2023 Tech startups in the UK have had a rocky time. London faces competition from US and European markets, and there are still struggles with raising funds. But those who survive could emerge more resilient, writes Russ Shaw
Coinbase HQ move to London could happen in the future, CEO says April 18, 2023 The chief executive of cryptocurrency exchange platform Coinbase said today that switching its headquarters to the UK was “on the table” if the regulatory regime does not improve in the US. In response to a question asking whether the firm could move its headquarters to the UK, chief executive Brian Armstrong replied saying “anything is [...]
How do you value a football club? Why luxury brands may hold the secret April 3, 2023 It is a question playing on the minds of Sir Jim Ratcliffe, Sheikh Jassim Bin Hamad Al Thani and Manchester United’s other suitors. The Glazers have already come up with their own answer, while Todd Boehly and Clearlake Capital had to grapple with it before buying Chelsea last year. How exactly do you value a [...]
WANdisco CEO and CFO quit as investigation finds $115m of false sales April 3, 2023 The chief executive and finance boss of troubled tech firm WANdisco have stepped down today after an investigation found that $15m of revenues and $115m of sales last year were completely made up. Sheffield-based WANdisco suspended trading on the London Stock Exchange in March after an internal investigation uncovered “potentially fraudulent irregularities” on its books, [...]
Mark Austin interview: The City needs a culture change – we have to celebrate success March 30, 2023 The City of London is at an “inflection point” reckons the man who wrote last year’s capital raising review – but a year on, with Arm gone and others plotting New York floats, there remains much to do You’d be forgiven for thinking the Square Mile is in rather dire straits at the moment. Firms [...]
Succession star Brian Cox opened financial markets at London Stock Exchange March 24, 2023 Succession star Brian Cox swapped TV for LSE this morning, as the actor behind Logan Roy opened the London Stock Exchange. Ahead of the much-vaunted fourth and final season of the show on 27 March, the Scottish actor opened financial markets accompanied by a musical quartet playing the series’ iconic theme tune. Speaking after opening [...]