As it happened: FTSE 100 rises as easing Iran tensions offset GDP blow; SpaceX set for blast off Markets Welcome back to the CityAM liveblog. Global equity investors are bracing for Musk’s record-breaking market debut SpaceX is set to begin trading on Nasdaq today after Elon Musk’s rocket, satellite and AI empire pulled off the largest IPO in market history. The company raised $75bn after pricing shares at $135, giving it a $1.77 [...]
‘Pendulum swung too far’: AIM hit with 222 delistings ahead of nomad changes Markets More than two hundred companies have been forced off London’s junior stock market over the last two decades after losing their corporate adviser in a move that has sparked a regulatory pullback by the London Stock Exchange. Some 222 firms on the alternative investment market (AIM) market have de-listed in the last 20 years after [...]
Debenhams and Revolution unveil new beauty collaboration Retail Fast-fashion retailer Debenhams has formalised a royalty-based licensing partnership with Revolution Beauty to develop and distribute beauty and fragrance products across Debenhams’ brand portfolio. The first collections are expected to launch ahead of Christmas, featuring fragrance and gifting lines for PrettyLittleThing, Karen Millen, and boohooMAN. While further beauty and fragrance launches are planned across a [...]
How Young’s is shrugging off hospitality gloom June 3, 2026 Like many of his Square Mile customers, Young’s boss Simon Dodd knows how to schmooze with booze. Three years ago, the listed pub chain exec invited rival Clive Watson, the founder of City Pub Group, for lunch at Smiths, the top-notch bar and grill atop Smithfield market, for a steak and a glass of wine. [...]
Landlords rush to protect income over Renters’ Rights Act fears June 1, 2026 Landlords are racing to protect their income in response to the government’s divisive Renters’ Rights Act, which banned no-fault evictions and fixed tenancies. Private landlords have been rushing to secure income protection and rent guarantees since the reforms became law at the start of May, according to an AIM-listed firm. Rent Guarantor said it saw [...]
Anglo Asian to keep Aim listing ‘under review’ in push to treble copper output May 27, 2026 An Azerbaijani miner has said it was keeping its listing on Aim under regular review as it seeks to evolve into a mid-market commodities group that is on course to more than treble its copper output over the coming year. Anglo Asian vice president Stephen Westhead told CityAM that while the company was “currently [...]
The Works shares soar as families look for ‘screen-free’ fun May 21, 2026 Shares in The Works soared on Thursday morning after the retailer said growing demand for “screen-free” entertainment is driving up revenue. The Aim-listed stock jumped 11 per cent on early trading, to 60p, after it reported revenue growth of more than three per cent to £260m in the year to May. The retailer saw like-for-like [...]
Tortilla Mexican Grill admits multi-million accounting blunder May 19, 2026 Shares in Tortilla Mexican Grill tumbled in early trade on Tuesday after the firm admitted to a multi-million pound accounting blunder. The AIM-listed business said it identified £2.5m of spending in its French arm which was “not expensed through the profit and loss account,” meaning it previously overstated its profits for 2025 and in doing [...]
Time to Aim higher: ‘No visible effect’ of flagship pensions overhaul a year on, industry chief warns May 14, 2026 Britain’s embattled small-cap companies have not yet felt any positive impact from the Mansion House Accord, the boss of an influential industry body has warned, a year on from the UK’s largest pension providers agreeing to plough more cash into unlisted and private assets. In a letter sent to all 17 of the pact’s signatories, [...]
RWS to acquire UK AI platform in £40m deal May 4, 2026 Global AI solutions company RWS Holdings has reached an agreement to acquire UK based AI company Obviously in a bumper £40m deal as it looks to pivot to become a “technology-first business”. AIM-listed RWS agreed to buy the AI platform for an initial cash offer of £16.5m, with an earn-out consideration of up to £23.5m, [...]