Mothercare shares surge as baby goods seller returns to profitability Mothercare Shares in Mothercare surged by more than 60 per cent today after the British baby-care products retailer said it had swung back into profitability over the past financial year. The Watford headquartered company posted profits of £12.1m for the financial year 2022, compared to a £21.5m loss in FY 2021. The retailer said the “significant [...]
London markets remain open as UK mourns death of Queen Elizabeth II HM Queen Elizabeth II LONDON’s markets continue to operate as usual as the UK enters a period of official mourning following the passing of Her Majesty Queen Elizabeth II. The London Stock Exchange said yesterday its bourses will operate according to their normal schedule today and throughout the “official period of mourning” for the Monarch, which is now set [...]
Short sellers pile into UK firms amid political turmoil short sellers Short sellers piled into bets against UK firms in August as political turmoil and a looming recession continue to drag on London’s markets, new data has revealed. The UK made up 23.46 per cent of all short positions in Europe at the end of August, up from 22.6 per cent in July, followed by Germany [...]
Mishcon de Reya spent £12m on shelved London IPO August 16, 2022 Mishcon de Reya spent almost £12m in readying itself to list on the London Stock Exchange, before shelving its initial public offering (IPO) in June. In a Companies House filing, the law firm said it spend more than £11.7m on preparing for its IPO before calling the public float off for the “foreseeable future due [...]
London Stock Exchange Group says costs for integrating Refinitv after £22bn takeover unchanged August 5, 2022 The London Stock Exchange Group has said costs for the integration of its $27bn (£22.2bn) takeover of data firm Refinitiv remain unchanged. In interim results, the company also announced it was launching a £750m share buy-back programme. “We are managing costs well and we continue to make progress on achievement of synergies,” the group’s chief [...]
Reform London’s capital markets or jeopardise global status, review chief warns July 25, 2022 London is at risk of losing its status as a premier global stock market if it does not act fast to reform rules, the author of a review into London’s capital markets has warned.
Funding platforms hail Austin Review potential ‘watershed moment’ for retail investors July 20, 2022 Investment platforms have hailed the Austin Review a potential “watershed” moment for retail investors today as ministers and regulators look set to widen access to the UK’s capital markets.
London Stock Exchange Group backs new fintech funding review as venture cash dries up July 11, 2022 The London Stock Exchange Group has thrown its weight behind a new review of the fintech funding landscape today as venture cash dries up and valuations plunge in the face of a looming recession.
London IPO activity plunges as market volatility puts a stop to listings boom July 7, 2022 The amount of cash raised via initial public offerings in London plunged in the first half of the year as firms pull back from the public markets amid extreme volatility and historic levels of inflation, new data has revealed.
Head of London Stock Exchange’s data transformation quits after just a year in charge July 1, 2022 The London Stock Exchange’s head of data and analytics transformation has stepped down after just a year in charge. Andrea Remyn Stone quit her post as head of data and analytics citing personal reasons with the LSE’s CEO filling the role until it is permanently filled. The move comes after the London Stock Exchange bought [...]