Latest news with #AIMmarket
Bloomberg
a day ago
- Business
- Bloomberg
London's Biggest 2025 IPO Rallies 33% After Braving Tariff Storm
In early April, Rakesh Shaunak made a decision few executives in his position were willing to make at the time — to go ahead with an initial public offering just as US President Donald Trump was kicking off his trade war, roiling markets. Since Shaunak's company, the auditing firm MHA Plc, pulled the trigger on the £98 million ($132 million) IPO on the London Stock Exchange's AIM market, the shares have rallied 33% amid a wave of optimism that economic growth will hold up even in the face of tariffs.
Bloomberg
13-05-2025
- Business
- Bloomberg
FTSE 100 Live: UK Unemployment Rises to Highest Since August 2021
Chancellor Rachel Reeves is speaking to Bloomberg TV on the agreement reached with pension funds to invest more in UK assets. UK pension fund managers agreed to invest at least 5% of their assets in UK private markets, with 17 large providers signing up to the voluntary commitment. Speaking to Lizzy Burden, Reeves said that there was no need to mandate that pension fund managers invest in UK private assets, with the voluntary commitment seen as enough. Reeves noted that the agreement includes the AIM market, with the view toward keeping startups in the UK. She said that each time those companies raise money right now, they do so in the US. The point of this plan, Reeves said, is that those fast-growing companies will be able to raise money from UK pension funds and will 'stay in the UK, and list in the UK stock market.'
