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The Guardian - UK

Business

Sarah Butler

London stock market boost as beauty group lists and tinned fish brand confirms IPO plan

LSE IPO Princes Group Fish London Princes United Kingdom

a picture of skyscrapers in the City of London skyline, including the Gherkin and Walkie Talkie — The flurry of new City business coincides with reports the Treasury could give newly listed companies an exemption on 0.5% tax on share transactions. Photograph: Vuk Valcic/ZUMA Press Wire/Shutterstock

London’s stock market was given a boost on Friday as an LED face mask maker listed its shares on the same day as the maker of tinned fish brand Princes and Napolina tomatoes confirmed plans to do the same.

Laurence Newman, the co-founder of the Cheshire-headquartered The Beauty Tech Group, which owns beauty gadget brands CurrentBody, ZIIP Beauty and Tria Laser, said he was proud to choose London for the firm’s £300m initial public offering (IPO). “I’m also hoping this will be the start of other people coming to the market,” he told the PA news agency.

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