Qualified advisers answering your
Financial Questions
call 0800 092 1245

Fairfield Energy pulls floatation

Fairfield Energy, the private equity owned North Sea oil company, has today confirmed that its £300 million stock market listing has been shelved. This comes only hours after rumours began circulating the market that the fund raising was experiencing difficulties and may indeed be pulled today. So where does this leave other new issues planned for the UK market?

Speculation has now shifted towards Ocado, the Internet grocer, which is in the midst of a £1 billion flotation on the UK market. Again, there was speculation yesterday that the management of the online grocer were looking to meet sometime this week to discuss the floatation amid indications, albeit unofficial, that the float may also be postponed.

It is not the fact that these companies coming to the UK stock market lack any credibility or any value it is simply the fact that many investors are very concerned about the UK economy in the short to medium term. Massive budget cuts are on the way, taxes will rise and this is set against problems in the European Union were Greece and Portugal in particular are experiencing significant financial issues. Against this background, it is difficult to say when the UK new issues market will make a comeback.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details