AIM: IPOs on London’s junior market stayed at rock bottom January 10, 2025 The number of IPOs on AIM has continued at its record low numbers in 2024, sailing below the level of the financial crisis. IPOs on London’s junior stock market totalled just 11 last year, the same number as in 2023 and below the 13 recorded during the 2008 financial crisis. While the amount of money [...]
Elizabeth Line has helped create 400k jobs in and around London January 10, 2025 The area around the City of London’s Liverpool Street Station has been one of the biggest benefactors of the new Elizabeth Line research shows. London’s most popular route has carried more than 0.5bn passengers since its inception. Fresh figures from Transport for London (TFL) and Arup show Crossrail has helped create thousands of new jobs by [...]
Late Leicester City owner’s family sue helicopter maker for record £2.15bn January 10, 2025 The family of former Leicester City owner Khun Vichai Srivaddhanaprabha is suing a helicopter manufacturer over his fatal 2018 crash for a record £2.15bn. The legal claim is the largest relating to a fatal accident in English history and was launched today at the High Court in London by the Thai family. They blame helicopter [...]
Lawyer hourly fees at US firms boom January 10, 2025 The hourly fees charged by lawyers in the US have jumped nearly seven per cent in the last year, the fastest rate since the global financial crisis
Abraham and Wilson invest in Andy Murray-backed padel business January 10, 2025 England footballers Tammy Abraham and Callum Wilson have invested in Andy Murray-backed Game4Padel, the biggest UK operator of padel courts. AC Milan striker Abraham and Newcastle United forward were joined by Bournemouth defender Marcus Tavernier in a funding round that values Game4Padel at £27m. Former tennis world No1 Murray and his brother Jamie were among [...]
Former Wales First Minister Carwyn Jones joins City of London PR firm January 10, 2025 Former First Minister of Wales Carwyn Jones has been hired by a City of London PR firm. Lord Jones, who was made a life peer at the end of 2024, has been hired by NorthPoint Strategy as a senior counsel. NorthPoint Strategy’s clients include Polygon, UK Cryptoasset Business Council, Andreessen Horowitz and CEO Club Ukraine. [...]
Property analysts forecast strong spring as stamp duty deadline looms January 10, 2025 Activity in the UK’s property market closely followed government policies on tax last year, something set to continue as the reality of the stamp duty deadline sinks in for first-time buyers. Real estate experts have predicted a burst of activity in early spring ahead of the end of stamp duty relief for first homes, which [...]
The runners and riders to replace under-fire City minister Tulip Siddiq January 10, 2025 Downing Street is reportedly weighing up a number of potential candidates to replace Tulip Siddiq as her position as City minister comes under increasing pressure. Siddiq, the niece of ousted Bangladeshi leader Sheikh Hasina, has been in the headlines since last month when she was named in an investigation into whether her Bangladeshi family embezzled [...]
Another private takeover: Alliance Pharma offered £350m January 10, 2025 The London Stock Exchange is facing yet another private takeover, with Alliance Pharma offered £349.7m in an all-cash deal. The AIM-listed firm, which sells over-the-counter drugs in over 100 countries, has seen its board recommend the takeover unanimously by asset manager DBAY Advisors and Edmond de Rothschild’s ERES IV fund. The group’s stock price jumped [...]
Share price down after Sainsbury’s reported bumper Christmas January 10, 2025 Sainsbury's claims to have won the grocery market share for the fifth consecutive Christmas, with sales up nearly four per cent