The Financial Conduct Authority has said it will allow the launch of crypto exchange-traded notes (ETNs), but only for institutional investors. ETNs are similar to exchange-traded funds (ETFs), but they …
March 2024
True extent of losses at publicly-owned Teeside Airport revealed
New documents have revealed the true extent of losses at Teeside Airport during its latest financial year after limited financial information was released at the end of 2023. The newly-filed …
Elliott says it’s no longer interested in making an offer for Currys after two rejections
Elliott Advisors has said it’s no longer interested in making an offer for electrical retailer Currys after it was rebuffed twice by the company. The activist investor said this morning …
Loopup: Stock price crashes after cancelling listing to benefit from private markets boom
Cloud technology provider Loopup has moved to cancel its listing on London’s AIM market due to the better funding opportunities available on private markets. The move has sent its stock …
Winter half term helps Heathrow to record February flyers as Brits seek sun
A record number of passengers flew from Heathrow in February with travellers seeking out the sun over the winter half term. Just under 5.8m people flew from the West London …
British Land crowns former Lazard man as chair
Property giant British Land has appointed banking veteran William Rucker as its new chair, replacing Tim Score. As part of the move, the boardroom heavyweight will step down as chair …
Will Hunt’s tax changes push non-doms out of London?
Policy changes announced in Hunt’s Spring Budget will make it more expensive for non-doms to live in London which could spell trouble for London’s prime property market. Non-doms, or non-domiciles, …
Vanquis warns of ‘substantially lower’ profit than expected in 2024 as motor finance claims surge
Vanquis Banking Group has said it expects profit to come in “substantially lower” than analysts’ estimates in 2024 as the specialist lender faces rising costs tied to restructuring and a …
FRP Advisory snaps up GWC in eighth acquisition since London IPO
Professional services firm FRP Advisory confirmed this morning it had acquired GWC, an Isle of Man based business advisory firm. The deal, FRP Advisory’s eighth acquisition since its London IPO …
Apax backs down from Kin and Carta bidding war
Private equity heavyweight Apax has bailed on its takeover bid for Kin and Carta after it was outbid by a rival. In a stock exchange notice today, Apax said that …