UK - Alternative Investment Market (AIM), the London Stock Exchange's (LSE) international market for growing companies, has added five new companies to its ranks - a record for a single day.
Cabouchon Collection, Expomedia, Inditherm, Stagecoach Theatre Arts and Telford Homes are between them aiming to raise over £14m through their initial public offers (IPOs).
Simon Brickles, head of AIM, said: AIM has bucked the global trend of lacklustre IPO markets – a remarkable achievement for a smaller companies' market.
For 2001, AIM has seen a total of 169 admissions, including 89 IPOs for the year to date, with more new admissions expected before the end of the year. AIM alone has accounted for one third of IPOs in Europe this year.
By Janet Du Chenne
Some of the UK's biggest pension schemes will be forced to report on climate risk in line with recommendations from the Taskforce for Climate-related Financial Disclosures (TCFD).
TPT Retirement Solutions has launched a pension scheme for the education sector which offers schools both defined contribution (DC) and defined benefit (DB) pension provision.
The People's Pension has revealed plans to overhaul its charging structure, cutting fees and returning profits to members with an aim to help people save more money for retirement.
Data consultancy ITM has appointed Akash Rooprai as head of client management to lead its de-risking business.