Princes Group valued at £1.16bn as food firm launches London float

Liverpool-based tinned tuna and Napolina firm Princes Group has confirmed aims to list on the London market later this month with a reported £1.5 billion valuation (Alamy/PA) -

Tinned tuna maker Princes Group has kicked off its major London stock market float with a £1.16 billion valuation.

The almost 150-year-old firm, which is best known for its Princes Tuna and Napolina brands, will therefore be valued at the bottom end of a £1.16 billion to £1.24 billion target range set out last week.