Pisces edges closer to fruition after Avenir launches securities register June 17, 2025 Pisces edged a step closer to fruition today after one of Britain’s best-known share registrars launched a new set of products set to be compatible with the new market framework. London-based Avenir Registrars has launched its new “Register-lite” suite of products, designed to accommodate the needs of growth companies, including those who may be considering [...]
Metro Bank shares soar after takeover interest from Shawbrook owner June 16, 2025 Shares in Metro bank boomed as markets opened on Monday after reports the high street lender had been approached for a takeover. The FTSE 250 bank’s stock was up nine per cent to 122.00p during early trading. On Friday, shares closed at 112.2p, giving it a market capitalisation north of £750m. This follows private equity [...]
City regulators’ growth mandate ‘pointless’ without major reform June 13, 2025 The “entrenched culture of risk aversion” at the City’s two flagship regulators has stymied meaningful progress on their mandates to aid economic growth, a House of Lords report has argued, despite persistent pressure from Westminster for them to boost UK competitiveness. In a withering assessment of the efforts made by the Financial Conduct Authority (FCA) [...]
Could Pisces replace AIM, or will it crash and burn? June 12, 2025 The FCA’s rules on the new Pisces private market framework have been published. It’s now over to exchange groups to apply to become operators, with trading expected to commence before the end of the year. It’s hoped these new types of platform, which facilitate the trading of shares in private companies, will address a long-standing [...]
FCA boss: Buy now, pay later regulation is a trade off June 10, 2025 The chief executive of the Financial Conduct Authority (FCA) said the new clamp down on buy now, pay later (BNPL) regulation would be a “trade off” as he faced a grilling from MPs. Nikhil Rathi, who was reappointed as the regulator’s boss in April, told the Treasury Committee the crackdown would have “beneficiaries and downside [...]
FCA lays out Pisces rules with trading to begin later this year June 10, 2025 The UK’s financial regulator has published its rulebook for the new Pisces market framework, laying the ground for trading to commence later this year. The new type of platform, which facilitates the trading of shares in private companies, promises to address a long-standing liquidity gap for growth companies and early investors, offering a potential bridge [...]
Exclusive: Nikhil Rathi’s FCA is ready to go on the offensive June 10, 2025 Nikhil Rathi’s first five-year term at the helm of the FCA was dominated by difficult situations – most beyond his control, some firmly in it. But after being reappointed by Rachel Reeves in April, and with the added pressure of a new growth mandate from government, he outlines to Ali Lyon what he hopes his [...]
MPs demand answers from Meta on finfluencers complaints June 6, 2025 An influential group of MPs has demanded that Meta outline its track record responding to requests to remove damaging content from finfluencers, after the Financial Conduct Authority (FCA) named the Facebook and Instagram owner as the sector’s worst offender. Chair of the Treasury Committee Meg Hillier issued a letter to the social media giant earlier [...]
Pisces: FCA’s private stock market will worsen FOMO investing June 5, 2025 The FCA's new private stock market Pisces comes into force today, but Carrie Osmon warns the framework risks worsening FOMO investing.
Neil Woodford: ‘I could not have been more transparent’ June 5, 2025 Neil Woodford has denied misleading investors over the contents of his collapsed investment fund, insisting that he “could not have been more transparent” to his thousands of retail shareholders. Speaking exclusively to City AM, Woodford said he regularly published information on his fund’s portfolio and his investment strategy prior to its implosion, arguing that the [...]