Afreximbank IPO: African bank confirms plans to list in London October 16, 2019 An African trade finance group has confirmed its plans to plough ahead with a listing in London, giving a boost to the capital’s ailing initial public offering (IPO) market. The African Export-Import Bank, which provides trade finance for large infrastructure projects across the continent, is hoping to raise $250m (£196m) in its float on the [...]
Housing market ‘in limbo’ as London house prices drop 1.4 per cent October 16, 2019 London house prices booked a steep 1.4 per cent annual drop in August as UK house prices grew at a lower level than last year, according to the latest data. While UK house prices posted annual growth of 1.3 per cent to beat that of 0.8 per cent in July, growth dipped below last year’s [...]
UK unemployment rate rises as Brexit fears hit labour market October 15, 2019 The UK’s unemployment rate rose in the latest quarter, according to data released today, coming off a long running 45-year low as Brexit hit the labour market. Unemployed workers rose by 0.1 percentage points compared to the previous quarter to 3.9 per cent between June and August, Office for National Statistics (ONS) figures showed. Read [...]
City Moves for 14 October – Who’s switching jobs at Trident Resources, Mazars and Hymans Robertson? October 14, 2019 Today’s City Moves includes Trident Resources, Mazars and Hymans Robertson Trident Resources Adam Davidson has been appointed director and chief executive officer of Trident Resources, the investment vehicle formed to identify, assess and acquire near term mining development and production assets. Adam joins the board of directors with over 10 years of experience in the [...]
Auditors slapped with rising fines after turbulent year October 14, 2019 Britain’s beancounters faced rising fines over the last year, as the industry’s watchdog upped its penalties following a series of major accountancy scandals. The Financial Reporting Council (FRC) fined audit firms roughly £24.3m in the year to the end of September, rising 44 per cent on the previous year, according to new Thomson Reuters research. [...]
IPO and M&A markets braced for further headache in 2020 October 14, 2019 Corporate dealmakers are bracing themselves for a further slowdown in business next year, with a new report forecasting a sharp slump in activity as geopolitical uncertainty mounts. Initial public offerings (IPO) and merger and acquisitions (M&A) are set to drop in both activity and value during 2020 amid trade wars and growing fears of a [...]
Hire dyslexic people to cover skill shortages, says report October 14, 2019 Hiring dyslexic people will help companies cover skills shortages as workplaces become increasingly automated, according to a new report. People with dyslexia possess “specific strengths” that will be increasingly in demand as companies adopt technologies such as machine learning, say EY and charity Made by Dyslexia. Read more: Job losses mount as no-deal Brexit fears [...]
African trade finance group Afreximbank eyes London listing October 9, 2019 The African Export-Import Bank, is considering an initial public offering (IPO) of global depositary receipts on the London Stock Exchange (LSE), in what could be a rare boost for the UK’s stock market. The bank, which is also known as Afreximbank, said it was weighing a listing on London’s main exchange. It is already listed [...]
BDO profits jump as partners enjoy pay rise October 7, 2019 BDO has reported a double-digit rise in profit and revenue for the last 12 months, as the accountancy giant ramped up the pressure on its larger under-fire Big Four rivals The beancounter enjoyed its seventh consecutive year of growth after profits rose 26 per cent to £134m and revenues jumped 25 per cent to £578m. [...]
London remains main target for foreign investment October 7, 2019 London continued to attract more foreign direct investment than any other UK city last year, prompting calls for a wider distribution of funds across the country. The capital attracted 73 per cent of the total 624 projects secured in 2018, according to research by EY and the Centre for Towns. Read more: Five reasons why [...]