Klarna changes share trade rules ahead of planned £16bn listing May 29, 2024 Buy-now pay-later giant Klarna has reportedly ditched rights held by large shareholders to block smaller investors' share trades as it gears up for a blockbuster public.
Funding Circle: Fintech to cut 120 jobs as finance chief steps down May 29, 2024 Small business lender Funding Circle plans to cut around 120 jobs as part of efforts to reduce costs and boost its flagging share price. It also announced the departure of its finance chief.
Oaknorth: London looking ‘less attractive’ than peers as listing destination May 29, 2024 The boss of Oaknorth has said London’s public markets are looking “less attractive” than their international peers in a signal of the bank's thinking as it plans for a potential IPO.
Why one US fintech boss reckons London is about to create ‘a lot of new winners’ May 28, 2024 The boss of a US fintech heavyweight has said London boasts more innovative firms than rivals across the pond, with a rebound in funding set to create "a lot of new winners" in the sector.
Why buy-now pay-later firms are still waiting for regulation three years on May 27, 2024 As officials from the Treasury and Financial Conduct Authority sat down with a buy-now pay-later (BNPL) boss to chat through their impending regulatory clampdown last year, frustration boiled over.
FTSE 100 today: Footsie to open lower amid political uncertainty and wavering rate cut bets May 24, 2024 Asian stocks fall on speculation of delayed Fed rate cuts; US approves Ethereum ETFs; eyes on UK retail sales, US consumer confidence.
FTSE 100 today: London markets set to open lower as rate cut bets ease May 23, 2024 Asian markets mixed post-US stock dip, Nvidia up 6% post-bell on strong revenue. Focus on UK-US PMI data for economic cues.
Nvidia’s revenue surges 262 per cent and unveils stock split; shares top $1,000 milestone May 23, 2024 Nvidia's revenue surged 262% last quarter due to AI chip sales, pushing shares over 6% to cross $1,000 for the first time.
Where are all the UK’s female tech millionaires? May 22, 2024 Research shows that the male-dominated funding ecosystem is holding back female-led tech firms. If the UK wants to become a tech superpower, this has to change, Jess Jones argues
Vitesse: London insurtech lands £73m funding round led by US private equity giant KKR May 21, 2024 London-based insurtech Vitesse has secured a new $93m (£73.2m) funding round to support its expansion in the US.