Could tech stocks lose their shine in 2022? January 7, 2022 If you wanted to put money in the stock market over the past five years, then a sure-fire bet has been to invest in US tech stocks, which have significantly outperformed the wider markets. That divergence in performance has been particularly noticeable since the start of the pandemic, as the crisis spurred new ways of [...]
London markets shake off Omicron fears as investors brace for Christmas break December 22, 2021 London markets have shaken off fears over the Omicron variant’s impact on the UK’s economic recovery from the pandemic as investors brace for the Christmas break. The capital’s premier FTSE 100 index closed 0.61 per cent higher at 7,341.66 points, while the mid-cap FTSE 250 index, which is more aligned to the health of the [...]
FTSE: Lloyds, Barclays and Natwest shares surge on Bank of England surprise interest rate hike December 16, 2021 London markets are up around one per cent this lunchtime after a surprise interest rate hike from the Bank of England saw Lloyds Bank, Barclays and Natwest shares take off. The capital’s premier FTSE 100 index was still up 0.99 per cent after the rates call from Threadneedle Street, while the mid-cap FTSE 250 index, [...]
Pure Gym shelves IPO for £300m KKR equity fundraising December 14, 2021 The UK’s largest gym chain Pure Gym today announced it has raked in £300m equity investment from private equity giant KKR, choosing to funnel fresh funds into its expansion plans before hitting public markets. KKR will become a significant minority investor in Pure Gym following the fundraising, alongside the company’s management and its existing majority [...]
London markets climb again as investors brush off Omicron fears December 8, 2021 London markets climbed again this morning as investors continue to brush fears over the Omicron variant. The capital’s premier FTSE 100 index added 0.37 per cent to reach 7,366.76 points, while the mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, rose 0.51 per cent to 23,356.58 points. This [...]
Darktrace begins a share buyback of up to 4m shares in quest to boost shareholder value December 6, 2021 Former tech darling Darktrace announced this morning that it will commence a share buyback programme of up to four million of its ordinary shares to be completed on or before 31 December 2022.
Powered by Darktrace and Wise: IPOs in UK jump 310 per cent in a year with 113 companies listing in London November 29, 2021 The number of initial public offerings (IPOs) on the UK stock market has jumped over 310 per cent in a year, with 113 companies listing in 2020/21 compared to just 36 in the previous 12 months, according to new data shared with City A.M. this morning. The market value of the companies listing has also [...]
Darktrace says its ‘uniquely positioned’ to lead the way in cyber tech despite ongoing controversy November 24, 2021 Darktrace, tech cyber security darling, announced at its Annual General Meeting this morning that the company was "uniquely positioned to lead new phase in cyber security".
Real estate stocks build foundation for positive day in the City November 24, 2021 A strong performance among real estate stocks built the foundations for a positive day on London markets this morning. The capital’s premier FTSE 100 index climbed 0.46 per cent to 7,299.88 points, while the mid-cap FTSE 250 added 0.08 per cent to hit 23,240.57 points. The City was lifted by the likes of housebuilder Barratt [...]
US prosecutor demands emails from Darktrace following Mike Lynch fraud case November 21, 2021 US authorities are attempting to force Darktrace to hand over emails and documents following the ongoing fraud case against technology entrepreneur Mike Lynch.