Busy time for London flotations

The London Stock Exchange (LSE) is set to benefit from another wave of flotations this autumn as more households names follow the likes of AO World, Just Eat and Poundland

Malaysian-born shoe designer and entrepreneur Jimmy Choo, whose company is reported to be preparing an IPO. Picture: Getty

Reports at the weekend suggested that after a summer lull, up to £7 billion worth of floats was expected in September alone.

It comes days after LSE reported a 40 per cent rise in profits, driven by the raft of new entrants.

Shoe brand Jimmy Choo, housebuilder Countryside, breakdown service the RAC and challenger bank Aldermore were among those said to be preparing initial public offerings.

Buy-to-own lender BrightHouse, which has been criticised in some quarters for charging sky-high interest rates to customers buying household goods, is said to have appointed advisers for a float that would value it at more than £500 million.