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Londons Junior Market Suffers Fresh Blow as Biotech Firm Exits
The Alternative Investment Market (AIM) in London has faced another setback with the announcement from Reneuron, a biotechnology company, regarding its departure from the junior stock exchange. Once valued at over £500 million, Reneuron has…
Caxton Associates Hedge Fund Gains 270 Million Dollars Amid Market Volatility
Caxton Associates, one of the City's prominent hedge funds, has reportedly amassed gains of approximately $270 million this month following successful trades made during recent financial market turbulence. The London-based macro fund, which…
Bellway Abandons Crest Nicholson Takeover at the Eleventh Hour
In a surprising turn of events, Bellway has decided to abandon its £720 million takeover bid for Crest Nicholson, just as the deal seemed poised for completion. After two months of negotiations, Bellway confirmed it would not proceed with…
Chinas Economic Woes Pose Greater Threat to Global Markets than US Recession Fears
As financial markets fixate on the specter of a potential US recession, they may be overlooking more significant threats to global economic stability. While the US economy shows resilience, with unemployment rising from historically low…
Reeves Considers Capital Gains Tax Hike as UK Faces 22bn Shortfall
As Chancellor Rachel Reeves grapples with a £22 billion shortfall in public finances for the 2024-25 fiscal year, speculation is mounting that she may turn to capital gains tax (CGT) to bridge the gap. With limited options available due to…
TP ICAP Mulls New York Listing for Parameta Solutions, Dealing a Blow to the London Stock Exchange
In a move that could further dampen the appeal of the London Stock Exchange, TP ICAP, the City's top inter-dealer broker, has revealed that it is considering listing its data business, Parameta Solutions, in the United States. This…
Hargreaves Lansdown Agrees to £5.4 Billion Takeover by Private Equity Consortium
In a significant development in the UK's financial sector, Hargreaves Lansdown, the country's largest DIY investment platform, has agreed to a £5.4 billion takeover by a consortium of private equity firms. The deal, which is expected to end…
Warren Buffett’s Berkshire Hathaway Sells Significant Apple Stake, Increases Cash Reserves
In a surprising move, Warren Buffett's Berkshire Hathaway has sold off a substantial portion of its Apple shares and bolstered its cash holdings, raising questions about the company's outlook on the US economy. The conglomerate's cash…
Analyzing Pennpetro’s Recent Surge: A Charting Perspective
In this analysis, we delve into the recent performance of Pennpetro following its significant royalty deal. With shares experiencing notable growth, we explore the factors influencing this momentum and potential future targets.…
Oasis is taking a bigger bite out of sandwich maker Greencore
Oasis management, an activist fund, has become Greencore’s largest shareholder. This puts pressure on the UK sandwich manufacturer to accelerate its turnaround plan following years of lax share price performance.
The Hong Kong fund,…
Li Ka-shing’s CK Infrastructure is considering secondary listing in London
Hong Kong's CK Infrastructure Holdings is being controlled by the family that controls the richest man in Hong Kong, Li Ka-shing. The company has been considering a secondary listing at the London Stock Exchange as the UK's reputation as a…
London is now Europe’s biggest equity market, replacing Paris
Investors reacted negatively to the political turmoil in France since Emmanuel Macron announced snap elections.
Bloomberg data shows that the value of Euronext Paris stocks is about $3.13tn, after $258bn has been taken off the market cap…
London Stock Market: ‘Switch has now been flicked’
Peel Hunt's boss predicts a rebound in activity amid a'shift of sentiment'
According to the stockbroker who predicted last year a "doomsday loop" at the exchange, the London stock market is turning a corner.
Steven Fine, the chief…
Ashtead, a FTSE-listed company, is considering a £25bn transfer to the US as a new blow to London
One of Britain's most prominent blue-chip firms is considering a move from London to New York, which would be the biggest blow to the London Stock Exchange yet.
Ashtead is a FTSE 100 company that specializes in plant hire. It is…
LSE Chief pushes for big screens outside the HQ to celebrate market success
The London Stock Exchange is planning to install a screen in front of its Square Mile headquarters, to highlight the success stories of the market and to combat pessimism about its future.
Julia Hoggett LSE Chief Executive said that she…
Chill Brands asks for suspension of shares while investigation is underway
The shares of a London listed vaping company were suspended after the board was unable to provide an "accurate" update on the financial situation, as the chief executive is still under investigation.
Chill Brands requested the London…
After glitch, NYSE has canceled erroneous Berkshire Hathaway trades and other stocks
The New York Stock Exchange announced that it would cancel all erroneous trading after a technical problem led to the suspension of dozens US listed companies and exchange traded fund trades.
On Monday morning, Class A shares of Warren…
Golden Goose announces £2.6bn stock market listing
The Italian stock exchange is considering a floatation of the "dirty" luxury shoes worn by Taylor Swift. This could be worth more than €3bn.
Golden Goose, a company based in Venice, has announced that it plans to raise €100m by listing…