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Boost for the City as tinned tuna maker Princes makes £1.2bn debut

31/10/25 02:26
Princes Group became the latest company to debut on the London Stock Exchange on Friday, with the tinned tuna maker floating at 475p per share. The group, which also makes Branston baked beans and Napolina olive oil, attracted a valuation at the bottom end of its target range at £1.16billion with the initial public offering....read

Moonpig names Autotrader exec as its next CEO
31/10/25 11:23Moonpig has named former Auto Trader executive Catherine Faiers as its next boss, as Nickyl Raithatha prepares to step down after seven years leading the business.
Manufacturer accuses investor of 'different agenda' after refusing to back takeover
31/10/25 10:45Components manufacturer TT Electronics has accused its top investor of having a 'different agenda' after it refused to back the group's acquisition by a Swiss rival.
WPP cuts guidance again as new CEO vows to end 'unacceptable' performance
30/10/25 11:14WPP shares nosedived on Thursday as the FTSE 100 advertising and marketing giant slashed annual guidance for the second time last year after another difficult quarter.
Shares in challenger bank Shawbrook surge on London debut in biggest UK IPO of 2025
30/10/25 10:38Shawbrook shares soared in early trading on Thursday after the challenger bank made its London Stock Exchange debut.
Shell prepares fresh shareholder payouts as profits soar
30/10/25 10:32Shell plans to hand a further $3.5billion to investors before the end of the year after profits came in higher than expected for the third quarter of the year.
Cost of car finance scandal could cause 'significant' hit to UK economy, Santander boss warns
29/10/25 08:50The group's chief executive Mike Regnier said current proposals 'could significantly impact jobs, growth and the broader UK economy'.
Packaged food giants' £1.2billion merger faces questions over own-brand sauce
27/10/25 11:18The merger of two food manufacturing giants could lead to a 'substantial lessening of competition' for the supply of chilled supermarket sauces, regulators have warned.
Thousands of jobs at risk as oil and gas firm calls in administrators
27/10/25 09:44Thousands of North Sea jobs are at risk after oil and gas services group Petrofac announced plans to appoint administrators on Monday.
HSBC takes $1.1bn hit as fallout from Bernie Madoff's Ponzi scheme lingers
27/10/25 08:45HSBC has set aside $1.1billion to cover potential costs arising from a lawsuit related to Bernard Madoff's Ponzi scheme.
CVS seeks stock market upgrade after CMA climb-down on sector shake-up
24/10/25 11:33Pet healthcare giant CVS is hoping to move to the main market of the London Stock Exchange after regulatory crackdown on the sector was less ambitious than feared.
Scrap stamp duty or risk £4.5bn City exodus, warns broker
24/10/25 10:36Rachel Reeves must scrap stamp duty charged on shares or risk a looming exodus of major companies from the London Stock Exchange, a City broker has warned.
Fund bosses warn Chancellor against personal tax raid as Budget fears rattle investors
23/10/25 10:47Speculation over a fresh tax raid on investors and savers at the upcoming Budget in November is weighing on Briain's financial services sector.
Oil prices jump as US sanctions major Russian oil firms in hopes to end Ukraine war
23/10/25 09:44Oil prices rose sharply on Thursday morning in response to fresh US sanctions imposed on Russia's biggest oil companies.
Fintech raises $15m for AI tools it says will slash cost of financial advice
22/10/25 02:20A London-based fintech firm has raised £15million from investors to fund artificial intelligence-powered tools it claims can dramatically cut the cost of financial advice.
Shawbrook targets valuation of up to £2bn with London IPO
21/10/25 12:25Shawbrook is targeting a share price range of 350p to 390p when it debuts on the London Stock Exchange early next month, the challenger bank said on Tuesday.
US government shutdown forces Unilever to delay ice cream spin off
21/10/25 11:19Consumer goods giant Unilever has been forced to delay the demerger of its ice cream business as a result of the US government shut down.
Segro seeks planning permission for lucrative data centre joint venture
21/10/25 09:44Property developer Segro is betting on data centres to power returns next year and beyond, as the AI revolution supercharges demand for critical infrastructure.
28,000 British businesses face bankruptcy this year
21/10/25 06:14UK business insolvency rates will remain at up to 30 per cent above pre-pandemic levels next year after another 27,650 firms go bust in 2025, research suggests.
Warning sounded that 28,000 British businesses face going bust this year
21/10/25 04:00UK business insolvency rates will remain at up to 30 per cent above pre-pandemic levels next year after another 27,650 firms go bust in 2025, research suggests.
Two more car finance lenders question FCA's compensation plan
20/10/25 12:16Both Bank of Ireland and Secure Trust Bank were also forced to significantly ramp up provisions set aside for compensation.
B&M finance chief resigns after blunder: Shares crash another 23% to record low
20/10/25 09:14The retailer admitted £7m of overseas freight costs were 'not correctly recognised' at the time of its half-year trading update two weeks ago.
More banks hit out at £11billion car finance compensation plan
20/10/25 08:57Both Bank of Ireland and Secure Trust Bank were also forced to significantly ramp up provisions set aside for compensation.
Stock markets plunge as small US banks spook investors with losses
17/10/25 11:46The FTSE 100 plunged more than 1.5 per cent on Friday morning as mounting fears over the health of regional US banks sparked a sell-off across global stock markets.
Stock markets plunge as small US banks spook investors with bad loan losses
17/10/25 09:40The FTSE 100 plunged more than 1.5 per cent on Friday morning as mounting fears over the health of regional US banks sparked a sell-off across global stock markets.
Pubs 'will deliver for this country' if Rachel Reeves doesn't hike their taxes, Greene King boss says
17/10/25 08:09The chief executive of Greene King has urged the Chancellor to avoid another round of 'surprise' tax hikes next month.
BT CFO warns Labour's business rates shake-up will hurt infrastructure investment
16/10/25 02:04Government plans to hike business rates on large properties risks backfiring and sparking a downturn in investment in critical infrastructure, BT CFO Simon Lowth has warned.
Ensilica profits hit as clients suffer cash crunch and cyber security woes
16/10/25 10:47EnSilica is set to slump to a loss for the year after the British chipmaker suffered further delays to a major project and the knock-on effects of a 'cybersecurity issue' in the automotive sector.
Vet sector shake-up set to bring down pet medicine costs as prices soar
15/10/25 08:08UK veterinary practices will be forced to be more transparent on pricing from next year as part of a suite of proposals designed to clamp-down on the surging cost of vet care.
Close Brothers ups car finance compensation pot to £300m as it hits back at redress plan
14/10/25 10:18Another bank has criticised the City watchdog's plans for billions of pounds to be handed out to motorists in compensation related to the car finance commissions scandal.
Shoppers slash festive spending ahead of November Budget as retailers brace for further tax raid
14/10/25 09:25British retailers have seen a sharp sales slowdown ahead of the all-important 'golden quarter' as shoppers slash spending in fear of looming tax hikes in the November Budget.
Jobs in financial services soar thanks to tech boom, defying hiring slowdown
13/10/25 01:49London's financial services sector bucked the national trend in recent months as advertised job vacancies continued to grow.
Lloyds hikes cash set aside for car finance scandal payouts to £2BN
13/10/25 12:05Lloyds on Monday said it would raise its concerns with the Financial Conduct Authority as it ramped-up provisions for potential costs by £800million.
Challenger bank Shawbrook targets £50m fundraise from London listing
13/10/25 09:52Shawbrook hopes to raise £50million from the issue of new shares when the lender makes its debut on the London Stock Exchange early next month.
Lloyds hikes cash set aside for car finance scandal payouts to £2BN - as it fires a broadside at the FCA
13/10/25 07:27Lloyds on Monday said it would raise its concerns with the Financial Conduct Authority as it ramped-up provisions for potential costs by £800million.
Financial watchdogs told to 'raise their game' over AI risks
10/10/25 09:56The BIS, known as the 'central bank for central banks', said there was an 'urgent need' for regulators to boost their oversight of AI use.
Britain's biggest brickmaker Ibstock hit by construction slump
10/10/25 09:27Shares in Britain's biggest brickmaker fell on Friday after it warned the ongoing construction slowdown will hit profits this year.
Emerging markets stocks have soared in 2025: Is this time different - and should you invest?
10/10/25 06:00Investors will be familiar with many of the biggest tech names driving the rally - Taiwan's TSMC, China's Tencent and South Korea's Samsung.
Fat jabs take the fizz out of Pepsi sales: Health aware consumers cut back on snacks and drinks
09/10/25 09:01PepsiCo, which owns Walkers, Doritos and Pipers Crisps, said the volume of goods sold by its food and drink arms fell 1% in the third quarter.
German recession fears as industrial output flounders
09/10/25 12:07The German economy could be on track to shrink for a second quarter after struggles in the country's all-important automotive sector saw industrial output slump in August.
Lloyds: £1.2BN provision for car finance payouts may be insufficient
09/10/25 11:56Lloyds Banking Group has warned the £1.2billion it has set aside for potential compensation payouts related the motor finance commissions scandal may not be enough.
National Express owner's shares accelerate after £434m deal with new Saudi city
09/10/25 10:47Mobico shares jumped after the National Express owner revealed an eight-year deal with Saudi Arabi to provide transport services for a new city in the country.
Lloyds admits £1.2bn set aside for car finance compensation may not be enough
09/10/25 07:43Lloyds Banking Group has warned the £1.2billion it has set aside for potential compensation payouts related the motor finance commissions scandal may not be enough.
German recession fears as industrial output flounders
08/10/25 01:41The German economy could be on track to shrink for a second quarter after struggles in the country's all-important automotive sector saw industrial output slump in August.
Aston Martin calls on Labour for support as it faces heavy losses
06/10/25 11:34Aston Martin is set for heavy losses this year after the luxury carmaker was forced to slash production volume forecasts in response to macroeconomic disruption.
French stocks and bonds slump as another PM resigns
06/10/25 11:29French stocks and bonds were sold off on Monday morning after Prime Minister Sebastien Lecornu unexpectedly resigned after just less than a month in charge.
French stocks and bonds slump as ANOTHER Prime Minister resigns
06/10/25 09:54French stocks and bonds were sold off on Monday morning after Prime Minister Sebastien Lecornu unexpectedly resigned after just less than a month in charge.
Aston Martin calls on Labour for support as British luxury carmaker faces heavy losses
06/10/25 08:11Aston Martin is set for heavy losses this year after the luxury carmaker was forced to slash production volume forecasts in response to macroeconomic disruption.
Santander UK boss to exit ahead of merger with TSB
03/10/25 04:28The chief executive of Santander's UK business Mike Regnier will leave ahead of its merger with TSB, the lender said on Friday.
Santander's WFH boss who stayed home up to two days a week steps down from £3.3m-a-year role to pursue 'other interests'
03/10/25 02:34Mike Regnier, who said previously he would never have taken the role if he was not allowed to work from home, has been chief executive of the lender's British arm since April 2022.
Wetherspoon's warns inflation will rise this winter after costs soar
03/10/25 11:53Pub giant JD Wetherspoon sounded the alarm over the price of a pint and a meal, with new subsidies for nuclear power set to drive businesses' energy costs even higher.
Wetherspoon's warns inflation will rise this winter after its energy and labour costs soar
03/10/25 07:33Pub giant JD Wetherspoon sounded the alarm over the price of a pint and a meal, with new subsidies for nuclear power set to drive businesses' energy costs even higher.
AI power provider launches biggest London IPO since 2020
02/10/25 05:45The London Stock Exchange will see its biggest initial public offering since 2020 as Texas-based Fermi completes the first US-UK dual listing in 30 years.
Boost for the City as AI power provider launches biggest London IPO since 2020
02/10/25 09:33The London Stock Exchange will see its biggest initial public offering since 2020 as Texas-based Fermi completes the first US-UK dual listing in 30 years.
Thames Water creditors offer to write off £7.5bn in debt to prevent collapse
02/10/25 07:47The senior creditors of Thames Water have proposed writing off £7.5billion worth of the embattled utilities debt pile in efforts to prevent the group's collapse.
Ovo Energy at risk as supplier falls short of regulator's financial resilience target
01/10/25 10:45The future of one of Britain's biggest energy suppliers could be at risk after bosses flagged a 'material uncertainty' over its ability to continue as a going concern.
House sales sink at Taylor Wimpey as Budget fears weigh on buyer demand
01/10/25 08:50Housebuilder Taylor Wimpey has blamed the upcoming November Budget for a further deterioration in buyer demand in recent weeks.
BlackRock says fossil fuels AND green energy are needed to power future - as it shares tips on where to invest
01/10/25 08:00The fund manager says soaring global energy demand will require more fossil fuels and also more renewables, creating opportunities for investors across the market.
Higher borrowing, slowing growth and cautious consumers: Five charts that paint a picture of the UK economy
30/09/25 02:21Pressure is building on the Chancellor ahead of her upcoming Budget, as fresh data shows the scale of the economic challenges facing Britain.
ASOS shares plummet as sales continue to disappoint
30/09/25 11:46ASOS shares fell sharply on Tuesday after the online fashion retailer warned annual earnings would be weaker than hoped, as demand has continued to prove 'subdued'.
Asos shares plummet as sales continue to disappoint
30/09/25 08:42Asos shares fell sharply on Tuesday after the online fashion retailer warned annual earnings would be weaker than hoped, as demand has continued to prove 'subdued'.
BP preps $5BN offshore oil project as it doubles down on fossil fuels
29/09/25 05:09BP will move ahead with a $5billion offshore drilling project as the energy giant continues to re-embrace fossil fuels under chief executive Murray Auchincloss.
Reeves says she wants just one official economic forecast a year
29/09/25 01:57Rachel Reeves has said official forecasts for the British economy should be published just once a year, rather than twice, to give the Government greater flexibility on fiscal policy.
Rachel Reeves says she wants just one official economic forecast a year as pressure grows on fiscal rules
29/09/25 09:45Rachel Reeves has said official forecasts for the British economy should be published just once a year, rather than twice, to give the Government greater flexibility on fiscal policy.
GSK boss Dame Emma Walmsley to step down after nine years
29/09/25 08:57Dame Emma Walmsley will step down after nine years as chief executive of drugs giant GSK at the beginning of next year.
BP confirms $5bn offshore oil project as energy giant doubles down on fossil fuels
29/09/25 08:30BP will move ahead with a $5billion offshore drilling project as the energy giant continues to re-embrace fossil fuels under chief executive Murray Auchincloss.
Eden Project losses more than double as visitor numbers slump
26/09/25 09:51The world-famous Eden Project was forced to axe jobs this year after a sharp drop in visitor numbers and higher labour costs saw losses more than double.
South West Water owner hails 'strong return to profitability' as household bills rise
26/09/25 09:24Water group Pennon expects a 'strong return to profitability' this year, despite paying out millions of pounds to settle historic wastewater and sewage issues.
Borrowing costs jump again as investors snub Government bond auction
25/09/25 06:13Borrowing costs jumped on Thursday after an auction of UK Government debt was shunned by many global investors.
Borrowing costs jump again as investors snub UK Government bond auction
25/09/25 11:56Borrowing costs jumped on Thursday after an auction of UK Government debt was shunned by many global investors.
Goldman Sachs-backed Petershill to quit London stock market after poor run
25/09/25 10:44Petershill Partners said its share price didn't 'appropriately reflect the quality and underlying value' of its assets.
DFS returns to profit despite 'subdued' consumer demand and minimum wage increase
25/09/25 09:28DFS Furniture has returned to profit after recording double-digit growth in customer purchases.
Budget tax hike fears holding back BILLIONS in investment by small businesses says Barclays
25/09/25 09:06Labour must rule out higher taxes on small firms at the November Budget or risk further damage after a sharp fall in confidence in the British economy, Barclays said on Thursday.
England's Chapel Down targets 1% of global champagne market
24/09/25 01:51English winemaker Chapel Down has revealed a strategic shake-up designed to help the group capture a chunk of the lucrative global champagne market.
EnQuest: Government's windfall tax has made North Sea oil 'globally uncompetitive'
24/09/25 08:54Labour must 'act now' to save Britain's oil and gas sector and avert the 'death of the UK's energy transition ambitions', North Sea operator EnQuest has warned.
Is Britain on the verge of stagflation? What the OECD warning over high inflation and low growth means
24/09/25 06:00OECD forecasts underlined Britain's deepening cost of living crisis - with the highest inflation in the G7 - and sluggish economic growth.
Housebuilder says 'under-resourced' councils are slowing new home push
23/09/25 08:18Henry Boot is the latest housebuilder to highlight roadblocks to Labour's goal of building 1.5 million new homes over this parliament - or 300,000 a year.
Trump's $100k visa fee 'puts US at risk of recession,' analysts warn
22/09/25 02:03A new $100,000 fee for skilled worker visas introduced by President Donald Trump will weigh on economic growth, according to an investment bank.
Buffett's Berkshire Hathaway sells off stake in BYD after 17 years
22/09/25 01:25Warren Buffett's investment firm has fully exited its stake in Chinese electric vehicle maker BYD after backing the 'Tesla killer' for 17 years.
Warren Buffett's Berkshire Hathaway sells off stake in Chinese EV firm after 17 years and a 20-fold return
22/09/25 11:32Warren Buffett's investment firm has fully exited its stake in Chinese electric vehicle maker BYD after backing the 'Tesla killer' for 17 years.
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