London Stock Exchange
Выбор редакции
16 августа, 22:17

Aston Martin: uncertain fate awaits James Bond’s favourite carmaker

With share prices at record low, luxury carmaker faces struggle to realise ambitious ‘second century plan’The Aston Martin Lagonda chief executive, Andy Palmer, clearly had his eye on his place in automotive history when he launched a grandiose “second century plan” for the carmaker in 2016. With seven new models in seven years, his vision prepared the way to the firm’s landmark stock exchange listing last October, which heralded a new era for the 106-year-old British marque.The 10 months since then have not quite followed Palmer’s script. Aston Martin floated at £19 per share, valuing the firm at £4.3bn. If it had held that value it would now be in the FTSE 100 index of blue chip British businesses. Instead, the shares have lost three quarters of their value and they hit a record low on Thursday of less than £4, making it the worst-performing listing on the London Stock Exchange’s main market in the last two years. Aston Martin is now worth £1bn. Continue reading...

Выбор редакции
16 августа, 13:56

London Stock Exchange hit by worst outage since 2011

Software glitch prevented investors trading for more than an hour and a halfThe London stock market has experienced its worst outage in eight years after a systems failure prevented trading in the shares of Britain’s biggest companies.A software glitch struck the London Stock Exchange early on Friday, leaving investors unable to buy or sell shares for more than an hour and a half. Continue reading...

Выбор редакции
12 августа, 13:15

City regulator intervenes as Burford alleges market manipulation

Litigation finance firm hits back after attack by Muddy Waters hedge fundThe City regulator has begun “wide-ranging enquiries” following the US hedge fund Muddy Waters’ attack on the UK-listed Burford Capital last week that sent its shares plummeting by 65% in 24 hours.In what is fast becoming one of the most extraordinary financial battles in recent years, Muddy Waters – a so-called short seller, which makes money when share prices fall – made a string of accounting and poor management allegations against Burford, a business that specialises in providing funding for lawsuits. Continue reading...

Выбор редакции
02 августа, 14:05

Goals Soccer Centres to delist in fresh blow for Mike Ashley

Tycoon has significant stake in football pitch operator that has revealed an accounting scandalMike Ashley has been dealt a fresh blow as Goals Soccer Centres, the struggling five-a-side football pitch operator in which he has a significant stake, is to delist from the London Stock Exchange after revealing an accounting scandal stretching back at least a decade.Goals, which is 19% owned by Ashley’s Sports Direct, has uncovered “improper behaviour” by a number of individuals in the company in the preparation of its financial accounts dating back to at least 2010. Continue reading...

Выбор редакции
01 августа, 17:34

London Stock Exchange: more than 300 years and counting

From its coffee house roots to becoming a data and markets giant, LSE’s history has been eventfulLike many British financial institutions, the London Stock Exchange (LSE) sprang up informally rather than being organised by the government. The exchange’s 300-year history from its roots in City of London coffee houses to a $27bn (£22bn) deal to form a financial data and markets giant have been eventful.The exchange was formally established in 1773 by a group of stockbrokers who had been trading in the area’s coffee houses. This set-up was in place for more than a century because stockbrokers were deemed too uncouth to be allowed into the Royal Exchange which was established as the City’s centre of commerce in 1571. Continue reading...

Выбор редакции
01 августа, 11:17

London Stock Exchange agrees £22bn deal to buy Eikon-owner Refinitiv

Deal will increase LSEG’s presence in US and allow expansion into AsiaThe London Stock Exchange Group has agreed a $27bn (£22bn) deal to buy Refinitiv in a move that will transform it into a UK-headquartered, global rival to Michael Bloomberg’s financial news and data business.The all-share deal will allow LSE to take control of Refinitiv, whose Eikon terminals on trading floors challenge those provided by Bloomberg, from a consortium led by Blackstone and including Thomson Reuters, which owns the Reuters news service. Continue reading...

Выбор редакции
03 июля, 13:26

Gas and oil firms reclassified under non-renewables on LSE

Trade group says change may have opposite intended effect towards low carbon futureOil and gas companies listed on the London Stock Exchange have been reclassified under a non-renewable energy category in a move designed to distinguish between heavily polluting companies and greener producers.The change has been made by the index provider FTSE Russell, which now groups companies such as BP, Royal Dutch Shell, Cairn Energy, Petrofac, Premier Oil and Tullow Oil, formerly labelled oil and gas producers, in the non-renewable energy sector. Coal companies, previously classified under basic materials/mining, also now come under non-renewable energy. Continue reading...

Выбор редакции
21 июня, 16:24

Trainline valued at nearly £2bn after first trading day

Shares rose by as much as 18% after float bucked the recent trend of weak stock market debutsShares in Trainline jumped 18% on their first day of public trading, valuing the online rail and bus ticketing service at nearly £2bn.The company, which raised £110m in an initial public offering on the London Stock Exchange, is likely to join the FTSE 250 index of mid-cap firms. Continue reading...

10 мая, 17:00

Labour weighs up delisting UK firms if they fail to fight climate change

John McDonnell’s tough message likely to trip City alarm bells as party puts climate battle at heart of agendaUK companies failing to tackle climate change would be delisted from the London Stock Exchange under radical plans for greening the economy being drawn up by Labour.John McDonnell, the shadow chancellor, said he would consider changing the law if necessary to force UK-listed firms to take adequate steps to fight the “climate emergency” facing the planet. Continue reading...

Выбор редакции
24 апреля, 18:08

Extinction Rebellion protesters stop traffic in City of London

Climate campaigners target financial district before ending occupations and blockadesUp to 400 Extinction Rebellion activists have been stopping traffic in moving protests across the City of London to highlight the role of the finance industry in fuelling climate change.Protesters are periodically forming human blockades across roads in the capital’s financial hub, occupying the street and halting traffic for seven minutes before allowing vehicles to pass, and then repeating the action. Continue reading...

21 января, 03:01

Shareholders received record dividends of almost £100bn in 2018

But Brexit could take a bite out of future returns from UK-listed companies, says reportUK-listed firms paid record dividends last year, thanks to rising profits, but a report warns that shareholder payouts could take a big hit if Brexit goes badly.Companies listed on the UK’s main market shelled out £99.8bn in dividends over 2018, marking a 5.1% rise from a year earlier, according to the latest dividend monitor report by Link Asset Services. Continue reading...

29 ноября 2018, 19:06

Unilever boss quits after failed move

Unilever chief Paul Polman is to retire after a decade at the helm of the consumer giant, following a failed plan to move the firm’s headquarters from London to the Netherlands.

Выбор редакции
16 ноября 2018, 16:42

Justin Bieber remix of Despacito part of £200m song catalogue sale

Hipgnosis Song Fund offers investors the chance to cash in on royalties of famous artistsA London-listed firm offering investors the chance to cash in on the royalties from songs by famous artists has struck a multimillion pound deal for a catalogue including the Justin Bieber remix of global hit Despacito.Hipgnosis Song Fund, founded by the Merck Mercuriadis, the former manager of mega acts including Sir Elton John, Guns N’ Roses, Iron Maiden and Beyoncé, made its debut on the London stock exchange in July. Continue reading...

Выбор редакции
26 октября 2018, 12:51

London's former Stock Exchange Tower sold to Singaporean group for £385m

Uncertainties over Brexit give CDL ‘opportunities to acquire assets with deep value’The former Stock Exchange Tower in London’s Square Mile has been sold for £385m to a Singaporean group that said it took advantage of Brexit uncertainty to strike the deal.The Singapore-listed City Developments Ltd, which is chaired by the billionaire businessman Kwek Leng Beng, has bought the freehold building at 125 Old Broad Street from the US-based private equity group Blackstone. Blackstone acquired the building for £320m in 2014, with reports suggesting it might sell for as much as £430m. Continue reading...

Выбор редакции
05 октября 2018, 15:47

Man who got swagger back for Aston Martin is ready for long game

Despite carmaker’s disappointing stock market debut, Andy Palmer says investors feel ‘pretty good’Andy Palmer has written himself into the history books. The Aston Martin chief executive has done something this week that nobody has done for almost 30 years – float a car company on the London Stock Exchange.It doesn’t sound like much. But UK investors are notoriously averse to the thrills and spills offered by car manufacturers, preferring the more esoteric world of outsourcers, service providers and financial firms. Continue reading...

05 октября 2018, 15:23

Unilever board cannot wash its hands of Rotterdam HQ mistake

Directors of Dove and Persil maker should apologise after spending months defending a plan that would never workEven as it executed a humiliating U-turn, the board of Unilever could not bring itself to admit it made a crass error in proposing to move the headquarters to the Netherlands.Instead, it comforted itself with the idea there was “widespread support for the principle behind simplification” – a line that ignored the heart of the quarrel. This affair was about practicalities, not principles. Unilever never made a good case for picking Rotterdam over London. Continue reading...

Выбор редакции
03 октября 2018, 21:18

Peer-to-peer lender Funding Circle's shares plummet on float day

Analysts say company was overvalued as City’s ‘tech hub’ aspirations are dealt a blowShares in the peer-to-peer lender Funding Circle have fallen by as much as a quarter on its first full-day of trading on the London Stock Exchange, dealing a blow to the City’s aspirations to become a financial technology hub.The shares fell 24% from the float price of 440p to a low of 334.5p on Wednesday before recovering slightly to end the day at 365p. Continue reading...

Выбор редакции
03 октября 2018, 10:17

Aston Martin IPO disappoints as luxury carmaker's value falls

Share debut puts value of James Bond car marque at lower end of spectrum as sale tests investor appetite for UK firmsAston Martin has made a disappointing stock market debut, with shares in the luxury carmaker dipping as low as £17.75 when trading got under way, having opened at £19.The share price fall on Wednesday left the 105-year-old firm, James Bond’s favourite car marque, with a market value of just above £4bn, sharply lower than its initial hopes for a price tag of over £5bn. Continue reading...

Выбор редакции
14 сентября 2018, 15:44

Mike Ashley launches tirade against Sports Direct shareholders

Founder says shareholders stabbed him in the back and hounded his former chairmanMike Ashley, the billionaire founder and chief executive of Sports Direct, has accused the retailer’s shareholders of stabbing him in the back and “repeatedly hounding” the former chairman Keith Hellawell.In an extraordinary tirade, made in an official statement to the stock market, Ashley said: “It is blatantly apparent that true entrepreneurs will never be accepted in the public arena. The media circus surrounding Sports Direct … only proves that whatever progress Sports Direct makes, it will always be subject to disproportionate scrutiny and misrepresentation.” Continue reading...

29 августа 2018, 20:02

'British to our core' Aston Martin brushes off Brexit concerns

As it revs up for London flotation its confidence differs from wider UK car industryAston Martin has brushed off concerns over Brexit after announcing plans to press ahead with a flotation on the London Stock Exchange that could value the luxury carmaker at about £5bn.James Bond’s favourite carmaker said that while it had given detailed consideration to what impact Britain’s departure from the EU might have on business, it did not believe it would pose a major threat to the 105-year-old firm. Aston Martin’s confidence over Brexit differs from the wider UK car industry, which has expressed strong concerns over the state of post-EU planning. Continue reading...