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23.09.26 - 18:48
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Does Airtel Money mark the end of London′s listing drought? Not yet | Nils Pratley (The Guardian)
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The biggest flotation in five years was a bit of a shoo-in. Let's see what happens when overseas competition is tougherIndian billionaire's payments firm plots biggest London flotation in yearsA win is a win, but we should probably contain our excitement about the biggest flotation in London for five years. Airtel Money, a payments processor that operates in 13 African countries and should be worth between £6bn and £7bn, is a welcome addition to the stock market but it would be a stretch to say the event marks a definitive change in the weather to end the listings drought.Why? Because, in a sense, Airtel Money is already here. It is a 78%-owned subsidiary of Airtel Africa, an established FTSE 100 firm with a market value of £11.3bn ultimately controlled by Bharti Enterprises under the Indian billionaire Sunil Bharti Mittal, also known for his 25% stake in BT. Continue reading......
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23.09.26 - 13:12
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Indian billionaire′s payments firm plots biggest London flotation in years (The Guardian)
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Sunil Bharti Mittal's Airtel Money targets $9bn IPO in boost for ailing UK stock marketA payments business that operates across Africa and is ultimately controlled by an Indian billionaire has announced its intention to float on the struggling London Stock Exchange.Airtel Money, the mobile money arm of Airtel Africa, is planning one of the biggest UK listings in years, in a boost for the shrinking London market that has faced a string of recent departures. Continue reading......
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30.07.26 - 07:36
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SES Reports H1 2026 Results & Reiterates Full-Year Outlook (Business Wire)
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LUXEMBOURG--(BUSINESS WIRE)--SES S.A. announces financial results for the three and six months ended June 30, 2026.
H1 2026 Performance
(€ million)
H1 2026
as reported (1)
H1 2025
as reported (1)
∆ At constant FX (2)
H1 2025
like-for-like(3)
∆ At constant
FX (2)
Average €/$ FX rate
1.17
1.08
1.08
Revenue
1,602
978
+72.4%
1,799
-5.0%
Adjusted EBITDA (4)
725
521
+47.0%
824
-6.2%
1)
'Reported basis' with Intelsat fully consolidated from July 17, 2025
2)
'At constant FX' refers to comparative figures restated at the current period FX rates to neutralize currency variations
3)
'Like-for-like basis' is as if Intelsat was fully consolidated from January 1, 2024
4)
Excluding operating expenses/income recognized in relation to U.S. C-band repurposing, other income non-recurring, fair value movement on contingent value rights and other significant special items (disclosed separately)
Networks revenue up +89.0% yoy(1) supported by growth in Mobility (+169.9% yoy(1); including positive impact from...
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