Latest News

Airtel Money set for one of UK’s biggest IPOs in decades


By Goran Nastic

Airtel Money confirmed the final terms of its London IPO on Friday, paving the way for one of the City's largest listings in recent years.

The African mobile payments group is set to debut with a market value of about £5.3 billion, with the offering expected to raise up to £582m and becoming London's biggest IPO since Wise listed in 2021


Highlighted Content

Why the most effective default pension investments are built to evolve

For most employees, pension saving happens in the background. Contributions are paid in each month, but few people make an active investment choice.


Story 2

Tesco raises profit guidance as half-year profit rises

Tesco has raised the lower end of its annual profit guidance and increased its share buyback after reporting a better-than-expected a 6.5% rise in interim operating profit to £1.78bn.

The UK's largest supermarket now expects group adjusted operating profit of between £3.15bn and £3.30bn, compared with its previous £3bn to £3.3bn range

Story 3

Oxford Metrics shares fall as profit warning overshadows Move AI acquisition

Oxford Metrics shares fell after the technology group warned it expected an adjusted operating loss of up to £3.9m, overshadowing its £525,000 acquisition of AI-powered motion-capture specialist Move AI on Friday

Story 4

Vodafone upgrades VodafoneThree savings target to £1bn

Vodafone has upgraded its annual cost-savings target for VodafoneThree to £1bn by FY32 from £700m by FY30, as it outlined plans to accelerate growth and cash generation from its UK joint venture

Story 5

SSP slips despite £50m buyback

Shares in FTSE 250 travel food operator SSP Group fell on Friday despite the Upper Crust owner launching a new £50m share buyback, as investors focused on softer North American trading and a slightly weaker profit outlook

Story 6

Carlsberg Britvic proposes closure of Marston’s Brewery

Carlsberg Britvic has announced that it is proposing to close Marston’s Brewery in Burton-upon-Trent, along with its primary logistics operation based on the site

Story 7

Imperial Brands launches new buyback for FY27

Imperial Brands has announced that it has launched a new £1.5bn share buyback scheme for the 2027 financial year, following the recent completion of a £1.45bn scheme earlier this month

Story 8

Boots sold to Canadian billionaire family for £6.7bn

Boots has been sold to the holding company of Canada’s billionaire Weston family for $8.9bn (£6.7bn).

The deal marks the second time that the pharmacy and retail chain has been acquired in the last 12 months, with Whittington Investments acquiring the British company from the private equity firm, Sycamore Partners

Story 9

Brooks Macdonald appoints new CFO

Lucy Tilley has been appointed as the new CFO at the UK wealth management firm, Brooks Macdonald

Story 10

Royal Mail to cut 2,500 jobs in operational review

Royal Mail has announced that it is to cut up to 2,500 jobs by the end of 2027 as the business implements universal service reform as part of its transformation programme.

The postal service said that the reduction equates to less than 2% of its current workforce, and is subject to a consultation, after briefing the unions on its proposals

Aberdeen halves stake in Standard Life in £436m sale

Aberdeen has reduced its stake in Standard Life by half to about 5.2%, selling around 52 million shares in the insurer
Kenmare confirms takeover approach from Abu Dhabi-backed investor

Kenmare Resources has confirmed that it has received a non-binding proposal from International Resources Holdings RSC (IRH) regarding a possible cash offer for the entire London-listed company.

The Irish-headquartered miner said talks with IRH are ongoing, but cautioned that there is no certainty that a formal offer will emerge or what terms any bid might contain
Pennon plans £550m rights issue and cuts dividend

Environmental utility infrastructure company Pennon shares fell more than 15% after the company unveiled a £550m rights issue, cut its dividend and announced a major "operational reset" aimed at improving performance, particularly at South West Water
Asos shares drop following alleged hacking

Shares in Asos have fallen by over 13% after the online fashion retailer was allegedly hacked earlier today

View More News

BANNER

MPU

FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Tick here to confirm you are happy to receive news and promotions sent by Corporate Finance News that you can opt out of at any time.


© 2019 Perspective Publishing     Privacy & Cookies