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The Guardian

Canal+ listing is ‘vote of confidence’ in UK stock market, says Reeves

The Guardian on
Canal+ listing is ‘vote of confidence’ in UK stock market, says Reeves



TV channel spun off from France’s Vivendi could climb to £5bn in biggest new listing in London for two yearsCanal+, the international pay-TV company and owner of the studio behind the Paddington film franchise, is to make its multi-billion-pound stock market debut in London on Monday, providing a much-needed shot in the arm for the capital’s stock exchange.The flotation, which the chancellor, Rachel Reeves, has said is a “vote of confidence” in the UK’s capital markets, is set to be the largest new listing in London in two years with some projecting its market value will climb to about €6bn (£4.99bn). Continue reading…



Source link : https://www.theguardian.com/media/2024/dec/15/canal-listing-vote-confidence-uk-stock-market-reeves

Author : Mark Sweney

Publish date : 2024-12-15 15:46:40

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Tags : The Guardian

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