Aston Martin flop leads to reported IPO devaluation for law firm Vannin Capital
The news was followed by another poor showing from the luxury car maker on Monday as its shares began the first day of full trading
Company
Funding Circle Holdings PLC
LON:FCH
Funding Circle is a peer-to-peer lender that claims to have created a better way for small businesses to access finance, leading to high loyalty and high repeat rates. It connects creditworthy businesses looking for finance with people and organisations with money to lend.
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Funding Circle rival Zopa narrows losses as it invests in digital banking
Zopa is currently pursuing a banking licence for its financial services arm
Archive
Aston Martin and Funding Circle deserve the cold shoulder
Two high-profile flotations this week have both received flat receptions and it may just be that the book-runners got a bit too greedy
Hardware & electrical equipment
Funding Circle tumbles further as official trading begins
If the company's advisers thought that by cutting the IPO price the shares had been "priced to fly", they made a misjudgement
Investments and investor services
FTSE 100 closes higher midweek, but Tesco takes a hit
Mid-cap cousin FTSE 250 also closed in positive territory - up around 35 points to stand at 20,300
Funding Circle trims price range for upcoming London IPO
Last week, the lender said it would issue shares at between 420-530p as part of the IPO but that figure has reportedly been cut to between 440-460p