Tinned tuna maker Princes floats at nearly £1.2bn in boost for London

Princes Group, a well-known tinned tuna maker, has launched its initial public offering (IPO) with a valuation of nearly £1.2 billion, marking a significant boost for the London stock market. The business secretary hailed this move as a 'huge vote of confidence' in the market, despite the shares being offered at the lower end of the target range. This IPO not only highlights the resilience of established brands but also reflects investor interest in the food sector, especially in a time when many are looking for stable investments.