Stock Market

WE Soda has scrapped plans to float on the London Stock Exchange (LSE), citing cautious investors as a reason for pulling back. The producer of natural soda ash originally announced its intention to list on June 7 and proceed with an initial public offering. The initial offer looked to raise $800 mn, which would have been used to reduce the company’s net debt. Given the ever-changing market and macro environment conditions, however, WE Soda CEO Alasdair Warren says the company is ‘unable to arrive at a valuation’ at this time....