UK firms pull multibillion-pound floats in latest sign of stock market jitters
Moves by mobile mast owner Arqiva and M&S supplier Bakkavör raise fears over London’s position as a ..
Moves by mobile mast owner Arqiva and M&S supplier Bakkavör raise fears over London’s position as a financial centre
TV and mobile mast owner Arqiva and Bakkavör, one of the biggest providers of ready meals to British supermarkets, have both pulled plans to float on the London stock exchange citing concerns over the volatility of the market.
Arqiva – which just last week announced plans for a £6bn flotation, in what would have been the UK’s largest stock market listing so far this year – said it intended to “postpone” its initial public offering until UK market conditions improve.
CATEGORIES TV