A Wise storm has rocked the London Stock Exchange’s fintech dream June 6, 2025 Hopes of a fintech-powered City markets revival may have been crushed on Thursday after money transfer firm Wise ditched its primary listing. The embattled London Stock Exchange was dealt its latest blow as the UK fintech opted for a dual listing across the Atlantic but with the US acting as its primary base. It’s no [...]
Wickes jumps up to FTSE 250 as National Express owner axed June 5, 2025 Wickes is set to be promoted to the FTSE 250 amid a reshuffle by the London Stock Exchange, while firms such as Mobico, the owner of National Express, and Ferrexpo are expected to be relegated. Wickes has entered the index after its stock price has soared 35 per cent in the last three months, launching [...]
Mitie Group makes bid for Lord Ashcroft-founded Marlowe June 5, 2025 Mitie Group has made a £366m offer for Lord Ashcroft-founded Marlowe, as revenue surged 13 per cent at the outsourcing giant. The FTSE 250 firm said the takeover of the AIM-listed testing and inspection group would deliver £30m of cost synergies as part of its full-year results today. “Adding Marlowe’s 3,000 highly respected colleagues to [...]
Wizz Air: Shares tank as profit tumbles June 5, 2025 Wizz Air reported a hefty drop in annual profit as it grapples with long-running supply chain issues and conflict in Ukraine and the Middle East. Shares tanked 22.7 per cent as markets opened on Thursday. Annual operating profit fell 51.7 per cent year-on-year to €167.5m (£141m), below analyst expectations, even as passenger traffic hit a [...]
B&M: FTSE 250 shares plunge as profit and job cuts revealed June 4, 2025 Shares in B&M have plunged by more than ten per cent after the retailer revealed a lower profit, rising debt and job cuts. The Liverpool-headquartered company, which is a member of the FTSE 250 index, reported a pre-tax profit of £431m for the 12 months to 29 March, 2025, down from the £498m it achieved [...]
IG Group stock dips after UBS downgrade June 4, 2025 IG Group has been downgraded by UBS, sending its stock price down amid fears over the weakness of the US dollar. The FTSE 250 trading firm was downgraded from a ‘Buy’ to ‘Neutral’ by UBS analysts, who cited its relatively high valuation and growth challenges. IG Group’s stock price surged more than 15 per cent [...]
WH Smith nears sale of high street chain as revenue rises June 4, 2025 WH Smith has confirmed it remains on track to sell its high street division to the owner of Hobbycraft by the end of the month. In March, the FTSE 250 company announced it had agreed to offload the arm to private equity firm Modella in a deal which valued it at £76m. When complete, the [...]
Ninety One: Asset manager hopeful of ending years of outflows June 4, 2025 Ninety One was hopeful of ending years of fund outflows after the FTSE 250 firm recorded a positive second-half performance. The asset manager, which is based in London and Johannesburg, has recorded only a single year of net inflows since its 2020 flotation after clients pulled a combined £25bn from the firm. But on Wednesday, [...]
Paragon Bank: Stamp duty boost offsets motor finance provision June 4, 2025 Specialist lender Paragon Banking Group bolstered its profit in the first half of the financial year as increased lending managed to offshore a motor finance provision. The FTSE 250 bank’s pre-tax profit surged 26.7 per cent to £149.4m, up from £146.4 in the first half of 2024. This was driven by 4.9 per cent expansion [...]
Pennon Group: FTSE 250 water firm swings to loss after parasite scandal June 3, 2025 Pennon Group, the British utility firm which owns South West Water, swung to a loss in the latest financial year after struggles driven by the Brixham water supply scandal. The FTSE 250 company made a loss of £35.1m for the year, which the firm said was in line with management expectations. It marked a steep [...]