Business
Princes Group valued at £1.16bn as food firm launches London float
Tinned tuna maker Princes Group has kicked off its major London stock market float with a £1.16 billion valuation.
The almost 150-year-old firm, which is best known for its Princes Tuna and Napolina brands, will therefore be valued at the bottom end of a £1.16 billion to £1.24 billion target range set out last week.
Princes said conditional dealings being launched on Friday would see shares in the business priced at 475p per share.
The company, which has headquarters in Liverpool’s landmark Liver Building, was bought last year by Italian food firm Newlat, which will keep an investment in the business.
The float is the latest in a fresh flurry of activity for the London Stock Exchange after a dearth of listings in recent years.
It comes only a day after small business lender Shawbrook Group launched its initial public offering (IPO) at a £1.92 billion valuation.
It then saw shares rise by around 8% in its first day of trading.
Meanwhile, The Beauty Tech Group – which owns beauty gadget brands CurrentBody, ZIIP Beauty and Tria Laser – floated with a valuation of around £300 million earlier this month.
Princes, which also owns Crisp N Dry and licenses brands such as Branston, said it will raise around £400 million through its listing.
The food firm said the cash injection will help support the company to grow further through acquisition deals.
Simon Harrison, chief executive of Princes Group, said: “Today marks a defining moment in Princes Group’s journey as we proudly begin our chapter as a publicly listed company.
“Our listing on the London Stock Exchange reflects not only our heritage but also our ambition for future growth.
“As we look ahead, we remain focused on expanding our international footprint, deepening our category leadership, and delivering sustainable, long-term value for all our stakeholders.”
Business and Trade Secretary Peter Kyle said: “The London Stock Exchange is a renowned global trading hub and the Princes Group is a great British success story.
“The firm’s decision to list is not only a huge vote of confidence in this Government’s reforms to capital markets but in British business.”
The UK’s competition watchdog says it is looking at five firms in its investigation into misleading online reviews.
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Gold price today (March 25, 2026): How much 24K and 22K gold cost in Delhi, Mumbai & more- Check rates – The Times of India
Gold futures traded higher on the Multi Commodity Exchange (MCX) on Friday with key contracts registering gains of up to 1.6 per cent amid firm buying interest and supportive global cues.The April 2026 gold contract rose by Rs 2,290, or 1.64 per cent, to trade at Rs 1,41,783 per 10 grams. The contract moved between an intraday low of Rs 1,40,287 and a high of Rs 1,42,800. The June 2026 contract, which saw higher trading activity, gained Rs 1,921, or 1.35 per cent, to Rs 1,44,435 per 10 grams. During the session, it touched a low of Rs 1,43,652 and a high of Rs 1,45,773. Meanwhile, the August 2026 contract advanced by Rs 1,480, or 1.02 per cent, to Rs 1,47,100 per 10 grams, with an intraday range of Rs 1,47,040 to Rs 1,48,600.Here is how gold prices stand across major cities today:
Gold price in Delhi today
Gold prices in the national capital declined, with 24K gold quoted at Rs 14,486 per gram, down Rs 218, while 22K gold slipped Rs 200 to Rs 13,280 per gram.
Gold price in Mumbai today
Mumbai bullion markets also saw a drop, with 24K gold priced at Rs 14,471 per gram, down Rs 218, and 22K gold at Rs 13,265 per gram, lower by Rs 200.
Gold price in Chennai today
Chennai recorded a sharper decline, with 24K gold selling at Rs 14,651 per gram, down Rs 262, while 22K gold dropped Rs 240 to Rs 13,430 per gram.
Gold price in Kolkata today
In Kolkata, 24K gold was quoted at Rs 14,471 per gram, down Rs 218, while 22K gold stood at Rs 13,265 per gram, lower by Rs 200.
Gold price in Hyderabad today
Hyderabad markets reflected a similar trend, with 24K gold priced at Rs 14,471 per gram, down Rs 218, and 22K gold at Rs 13,265 per gram, slipping Rs 200.
Gold price in Bangalore today
In Bangalore, 24K gold was quoted at Rs 14,471 per gram, down Rs 218, while 22K gold was selling at Rs 13,265 per gram, lower by Rs 200.
Gold price in Ahmedabad today
Ahmedabad bullion markets showed declines, with 24K gold at Rs 14,476 per gram, down Rs 218, while 22K gold fell Rs 200 to Rs 13,270 per gram.
Gold price in Lucknow today
In Lucknow, 24K gold was priced at Rs 14,486 per gram, down Rs 218, while 22K gold moved lower by Rs 200 to Rs 13,280 per gram.
Gold price in Patna today
Patna markets also recorded weaker rates, with 24K gold quoted at Rs 14,476 per gram, down Rs 218, and 22K gold at Rs 13,270 per gram, lower by Rs 200.
Gold price in Jaipur today
In Jaipur, 24K gold was quoted at Rs 14,486 per gram, down Rs 218, while 22K gold stood at Rs 13,280 per gram, down Rs 200.
A key survey indicates growing doubt among shoppers over prospects for the UK economy in the next year.
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Gold price today (March 25, 2026): How much 24K and 22K gold cost in Delhi, Mumbai & more- Check rates – The Times of India
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