Waste collection company Biffa is planning a return to the London Stock Exchange next month. The company has published details of an October listing, which would value the company at around £270m. It is looking to raise the additional funds to grow organically but also act as a consolidator in the fragmented UK waste sector. Biffa was taken private in 2008, having been demerged from Trent Water and listed two years earlier. It has, in its industrial and commercial division, […]
Eddie Stobart Logistics returns to the stock market next month with a listing on the Alternative Investment Market (AIM) that will value the operator at more than half a billion pounds.
Eddie Stobart Logistics management made it difficult for KPMG to obtain “sufficient audit evidence” as it tried to compile the company’s annual accounts, which prompted the accountancy firm to resign as its auditor.
Telematics market leader Microlise became a PLC when it listed on the London Stock Exchange’s AIM at 8am on 22 July. The privately-owned group sold £61.2m of shares to investors at 135p per share, valuing the company at £156.5m. The shares opened at 137.5p and quickly rose to 146.5p in early trading.