Charles Capel

Chancellor Rachel Reeves’s plan to give newly listed companies on the London Stock Exchange a three-year exemption on stamp duty tax was welcomed by City of London executives as a step to boosting the capital markets, though they would rather it be scrapped altogether.

The London Stock Exchange has lost its mojo. The more than 300-year-old bourse is shrinking as companies opt to go public elsewhere, shift their existing listings to the US, and accept deals to be taken private.

Measures in the UK budget to attract more companies to the London Stock Exchange will help the bourse compete against the Nasdaq for financial technology listings, the chair of challenger bank Revolut Ltd. said.

Qatar’s sovereign wealth fund plans to sell a stake worth about £273 million ($360 million) in J Sainsbury Plc, marking a significant selldown by the supermarket’s largest shareholder.

TK Elevator, the industrial firm backed by Advent and Cinven, said it’s considering an initial public offering among other strategic options.

Ammunition maker CSG NV approached the family that owns tank maker KNDS NV with an offer to buy a stake in the firm, the Financial Times reported.

Danish conglomerate Schouw & Co. set the price range for its initial public offering of fish feed producer BioMar on Tuesday, in what would be Copenhagen’s largest IPO since 2018.

SpaceX will reserve up to 5% of shares in its upcoming initial public offering for certain employees and friends and family of its executive officers, the company disclosed in an amended filing.

SpaceX reservará hasta un 5% de las acciones de su próxima oferta pública inicial para determinados empleados y familiares y amigos de sus ejecutivos, según reveló la compañía en una presentación modificada.

SpaceX will reserve up to 5% of shares in its upcoming IPO for certain employees and friends and family of its executive officers, the company disclosed in an amended filing.