AAF Airtel Africa Plc

SIMON MAINA/Getty Images The London Stock Exchange might be expecting its biggest listing in years, but a recovery is still in doubt. Airtel Mobile Commerce, the mobile payments arm of London-listed telecoms and financial services provider Airtel Africa, published an intention to float on the LSE on Sept. 23. The listing would allow existing investors to sell their shares, including TPG, Mastercard and the Qatar Investment Authority, which together acquired a stake in 2021 for $550 million. The

An Indian billionaire is preparing to test the London market with plans for an $8bn (£6bn) float in what will be the London Stock Exchange’s biggest listing in five years.

The plans to launch an initial public offering (IPO) is expected to bring about one of London’s biggest listings in recent years.

The African digital financial services platform plans to list existing shares on the London Stock Exchange but won’t raise new capital.

By Sudeshna Ghoshal and Ragini Mathur Sept 18 (Reuters) - Europe's STOXX 600 tumbled on Friday in broad-based losses led by automobile and telecom shares, while also logging a weekly decline in a week

Sept 18 (Reuters) - London's FTSE 100 pulled back from a more than one-week high on Friday as financial stocks weighed, ending a week packed with economic data and central bank decisions.

Airtel Africa slid around 9% after its mobile-money arm reportedly cut the size and valuation of its planned IPO following investor pushback.

Stocks linked to the build-out in artificial intelligence continued to rally premarket. Intel rose 2.3%, Sandisk and Micron Technology rose 1.6% and 1.1% respectively.

Investing.com -- British and European stocks extended their losses on Friday after a tanker was hit by an unknown projectile in the Strait of Hormuz and Saudi Aramco told European refiners they will receive no crude allocations next month, deepening fears the U.S.-Iran war is tightening its grip on global oil supply.