LSE Financial News

In an announcement today (28 March), Brooks Macdonald unveiled that its ordinary shares will additionally, be admitted to the equity shares category of the regulator's official list. Brooks Macdonald said it does not intend to raise any funds or offer any new ordinary shares in connection with promotion and that the listing will be effected via an introduction of the company's existing ordinary shares.  Brooks Macdonald completes £51m sale of international wing to Canaccord Genuity Wealth Upon admission, the wealth manager's issued ordinary share capital will be 16,382,539. There a...

In a London stock exchange notice today (13 March) the board cited the «limited liquidity» offered by AIM and the «regulatory burden and cost of maintaining the public quotation» as reasons for its proposed delisting. Hornby, a company dating back to 1901and floated on the public market in 1996, said the decision was «not taken lightly».  Number of UK companies mulling moving their listing doubles in 12 months Hornby's shares once sat as high as 283p per share during the early 2000s, but have struggled in recent years, frequently dipping below the 20p level. According to MarketWatc...

Bank of England on Monday reappointed Indian economist Dr. Swati Dhingra to its Monetary Policy Committee (MPC) until 2028. Her renewed tenure comes as an extension of her initial appointment on May 12, 2022, and she will now hold the position until August 8, 2028.

In its 2024 preliminary results presentation today (19 February), Glencore said it is currently looking at an «optimal location for our primary listing» to bolster value for the company's shareholders. Number of UK companies mulling moving their listing doubles in 12 months «We are not saying the London Stock Exchange is bad,» Glencore's CEO Gary Nagle stated, adding that the firm is considering whether there is «a better exchange for us to trade our securities». «The joy of not doing it immediately but doing it soon is that we continue to buy back our own stock cheap, so before we...

At a general meeting held today (6 January), an overwhelming majority of votes (94.2%) were cast in favour of the voluntary liquidation of the trust. As a result, FRP Advisory Trading's Gareth Rutt Morris and Jonathan Dunn have been appointed joint liquidators of the trust. This morning, as part of the winding down process, Dunedin Enterprise was suspended from trading on the London Stock Exchange. London Stock Exchange suffers lowest IPO volume on record in 2024 However, as shareholders voted for voluntary liquidation, the trust will not seek to cancel its listing on the LSE on...

According to EY's report, there were just 18 IPOs on the main market and AIM last year, with eight of these coming in the final quarter of 2024. However, despite the low volumes of listings, the value of the IPOs significantly trumped the proceeds raised in 2023, with a 256% rise year-on-year from £953.7m to £3.4bn.  IPO activity predicted to return in 2025 as dealmakers turn increasingly bullish Most of this figure was raised by the IPO of French film producer and TV streaming service Canal +, which contributed £2.6bn to the £3.4bn total, marking the largest debut on the LSE since...

The completion of the disposal took place three months after the trust said it was ready to begin its £100m return of capital, including an initial £40m share buyback following the sale of Featurespace to Visa. According to the LSE notice, the sale will bring CHRY initial cash proceeds of £79m, while further proceeds which amount to around £11m have been «deferred in escrow». CHRY's board noted that the total consideration paid by Visa for the purchase of Featurespace remains confidential. Chrysalis eyes fresh investment programme amid hopes of £200m liquidity boost CHRY ha...

According to a Reuters source, the e-commerce giant is exploring this option in order to facilitate its widely-anticipated float on the London Stock Exchange. Friday Briefing: And the exodus continues? If approved, this would likely mark the first time a company has been permitted to list below the 10% rule. Shein is expected to float with a £50bn market cap next year. Its potential launch on the LSE follows controversies surrounding two cases of child labour that the Singapore-headquartered retailer said it had found in its supply chain back in August. FCA pressed to block S...

Computer systems failed across the globe on Friday, taking down services at airlines, banks and the London Stock Exchange after a widely used cybersecurity program crashed and Microsoft Corp. separately reported problems with its cloud services. 

The company, which is owned by the Raspberry Pi Foundation, will publish a registration document and is currently considering applying for admission of its ordinary shares to the premium segment of the Official List and to trading on the Main Market of the LSE, it said in a stock exchange notice today (15 May). Raspberry Pi explained the IPO offer would comprise both new and existing shares, with certain current shareholders including the Raspberry Pi Foundation, selling some of their holdings. Private equity giant CVC chooses Amsterdam for €1.25bn IPO The IPO offer would be target...

Amitabh Kant, the former CEO of NITI Aayog, expressed sorrow over her untimely passing through an online post, recalling her vibrant spirit and academic pursuits. «Cheistha Kochar worked with me on the LIFE programme in NITI Aayog. She was in the Nudge unit and had gone to do her Ph.D in behavioural science at LSE. Passed away in a terrible traffic incident while cycling in London. She was bright, brilliant & brave and always full of life. Gone away too early. RIP,» Amitabh Kant said in a post on social media platform X. Cheistha's life came to an abrupt end as she was struck by a garbage truck while cycling, with her husband Prashant, a software engineer, only a short distance ahead. Prashant, upon hearing the collision, hurried back to find Cheistha critically injured. Despite the swift arrival of police and paramedics, Cheistha succumbed to her injuries at the scene. The involved lorry, suspected to be a waste collection vehicle, remained at the site, with the driver cooperating with the ongoing police investigation, reports said. As of now, no arrests have been made, and inquiries continue.

A Dubai sovereign wealth fund that’s the single-largest shareholder in the Nasdaq stock index plans to sell a third of its shares in the exchange

When Peter Oppenheimer, the impish chief global equity strategist and head of macro research for Europe at Goldman Sachs, gave a talk to students at the London School of Economics (LSE) last week, he invited his father. When he spoke in Hampstead about the launch of his new book a few weeks previously, he invited his children and the juniors on his team. Oppenheimer, who's been a Goldman Sachs partner for nearly 20 years, is gently familial. Relatives and colleagues are part of his gang. 

Bank (ECB) and the U.S. Federal Reserve might be closer to cutting interest rates than the Bank of England (BoE). The pound rose 0.18% to $1.2826, after hitting its highest since August against a weakening dollar. It was set for its sharpest weekly jump against the greenback since November, up 1.4% this week.

According to the Met, activists from Palestine Action had intended to prevent the building opening for trading this morning (15 January).

If the resolution is approved, it is expected the delisting would occur on 24 June 2024.

(Reuters) — Fast fashion firm Shein has held talks with the London Stock Exchange about the possibility of a public listing in the United Kingdom, Sky News reported on Monday, citing sources.

By Foo Yun Chee

By Huw Jones and Carolyn Cohn

Bank of India (India Exim Bank) has listed its maiden 10-year $1billion sustainability bond on the Sustainable Bond Market (SBM) platform at the London Stock Exchange (LSE), the development finance institution said in a statement on Wednesday. Sustainability bonds are issues where proceeds are used to finance a combination of green and social projects.

London | Macquarie has staged a forced retreat from a £665 million ($1.27 billion) takeover bid for European waste management group Renewi, after the target refused to play ball.