The relaxation of AIM's listing rules by the London Stock Exchange has attracted a host of fresh applicants to the junior market, but lawyers say that only a consistent stream of investor cash will ensure it can stand up to competition from overseas growth exchanges.
The relaxation of AIM's listing rules by the London Stock Exchange has attracted a host of fresh applicants to the junior market, but lawyers say that only a consistent stream of investor cash will ensure it can stand up to competition from overseas growth exchanges.
Nigerian manufacturer Dangote Cement PLC said Tuesday that it has paused plans for a secondary listing in London, the latest blow to the U.K. bourse which is struggling to attract and retain IPO candidates.
Anthropic said Tuesday that individual investors in the U.K. will be able to take part in its global sale of shares worth approximately $61.1 billion in its high-profile initial public offering on the U.S. Nasdaq exchange.
LetterOne, an investment group founded by Russian billionaires, told the U.K. Supreme Court on Tuesday that the government unlawfully deprived it of the market value of a broadband business by forcing its sale on national security grounds without adequate compensation.
British property investor Peel Group said Tuesday that it will squeeze out any remaining shareholders that have not backed its £631.7 million ($842 million) offer for property developer Harworth after the acceptance period for the deal ended.
Samsung Fire & Marine Insurance said Tuesday that a consortium it leads, including investment firm KKR and the sovereign wealth fund of South Korea, has agreed to acquire an additional 60% stake in international insurer Canopius.
Saniona said Tuesday it has agreed to offload its shareholding in biotechnology firm AstronauTx Ltd. for £3.36 million ($4.5 million) cash, exercising an option it had under a partnership that was set up to discover novel treatments for neurodegenerative conditions.
Managing general agent Optio has bought a rival Norwegian marine insurance business, marking the latest in a string of acquisitions for the London-based outfit.
Businessman and ex-solicitor Mohamed Amersi said that the daughter of the then-Uzbekistani president was not a "bribeable person" and instead extorted funds as he denied involvement in corruption at a London trial on Tuesday.
Banco Santander and TSB have begun seeking court approval to merge TSB's operations into Santander UK following their £2.65 billion ($3.6 billion) deal, paving the way for full integration in 2027, TSB said Tuesday.
An amateur trader has been handed a two-year suspended sentence by a London court for faking a £154 million ($205 million) takeover bid for a Canadian oil company in an effort to boost its share price.
