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Today’s news in brief – 12/4/2024

EY UK&I has reported a positive uptick in London stock market activity during Q1 2024, with three IPOs raising £283.8m, marking a significant increase from the previous year. Air Astana leads as the largest listing on the main market. Despite global economic uncertainties, Scott McCubbin, EY UK&I IPO leader, anticipates a market upturn in the second half of the year, urging businesses to monitor election outcomes for potential impacts on industrial strategies and economic environments.

GS Verde Group has advised TMA Security Services in acquiring Glevum Security Ltd, expanding TMA’s service area and client base. The deal marks TMA’s strategic growth initiative and allows for additional service offerings. Mark Telford, TMA managing director, emphasises the shared commitment to safety and innovation. Mark Baker and Steve Barnett, Glevum Security directors, express enthusiasm for the partnership, foreseeing expanded services and enhanced security solutions.

Michael Davidson has joined Mazars as banking audit partner in Leeds, tasked with growing the audit team in Yorkshire and expanding banking sector practices. With extensive experience from KPMG, Davidson brings expertise in audit services, technical accounting advice, and structured finance. Pauline Pélissier, head of Banking Audit at Mazars, highlights Davidson’s contribution to enhancing audit practices and exceeding client expectations.

PKF has assisted Helix Exploration PLC in their acquisition, fundraise, and admission to trading on AIM, raising gross proceeds of £7.5m. The company focuses on the commercial development of helium-rich gas in Montana. PKF’s Capital Markets team, led by Adam Humphreys, facilitates a successful IPO, meeting accelerated timelines and delivering an oversubscribed listing. David Minchin, Helix Exploration PLC executive chairman, acknowledges PKF’s role in the IPO’s success, emphasising their speed, accuracy, and contribution to the company’s growth.

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