Wise profit slides as costs racks up from US listing Fintech Money transfer firm Wise saw its profit fall in its latest financial year as costs related to its new primary listing on Wall Street helped take a chunk out of the company’s bottom line. The UK fintech’s profit before tax slid eight per cent to $660m (£500m) – down from $717.5m – in its first [...]
‘Pendulum swung too far’: AIM hit with 222 delistings ahead of nomad changes Markets More than two hundred companies have been forced off London’s junior stock market over the last two decades after losing their corporate adviser in a move that has sparked a regulatory pullback by the London Stock Exchange. Some 222 firms on the alternative investment market (AIM) market have de-listed in the last 20 years after [...]
European fintechs ride the Trump train to Wall Street Fintech The new set of aspiring American dreamers are landing on the shores of the Atlantic. But these digital-first visionaries printed in venture capital green aren’t looking for a white picket fence. Instead, their sights are locked on a federal banking charter. Last week Europe’s most valuable fintech company Revolut became the latest in a boat-load [...]
Wise reports jump in users ahead of US dual listing January 20, 2026 Money transfer firm Wise delivered a bumper third-quarter as the UK fintech continued to lay the groundwork for its US dual listing. The payments firm recorded a 26 per cent surge in cross-border volumes to £47.4bn in its latest quarter as its customer base swelled. Wise said it now served near-11m users, up by a [...]
Wall Street ‘mocks’ idea of London listing, fintech boss says August 26, 2025 The founder of one of Britain’s fasest-growing fintech firms has said Wall Street “mocks” the idea of a London Stock Exchange listing. Barney Hussey-Yeo, chief executive of Cleo, said the head of investment banking at a global bank had “laughed” at the notion of his company listing in London. He added they had “assumed” Cleo, [...]
Smith & Nephew hits back at claims it massaged profit margins October 14, 2024 Embattled hip and knee implant maker Smith & Nephew has hit back at a report claiming that it deployed aggressive accounting techniques to bolster its profit margins.