News of two new floats raise hopes of an end to a barren period for City dealmaking
(Picture: PA)There was a much-needed boost for the City today, with two companies announcing plans to float on the stock market and confirmation that the UK economy grew in July, easing the worst fears about a looming recession.
The pound found some relief as the mood improved, rising up past the $1.17 mark, adding 4 cents to its valuation in a week.
