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The Guardian - UK
The Guardian - UK
Business
Sarah Butler

Tinned tuna maker Princes floats at nearly £1.2bn in boost for London

Princes tinned tuna
Princes Group is controlled by the Italian family company Newlat. Photograph: James McDowall/Shutterstock

The tinned tuna maker Princes Group has kicked off a float with a valuation of nearly £1.2bn in a boost for the London stock market.

The debut of the shares in the almost 150-year-old company, which is best known for its Princes tinned tuna and Napolina tinned tomatoes, olive oil and pasta, marks a rare bright spot in the UK’s lacklustre market for flotations.

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