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      Mike Ashley: I was behind Peter Cowgill’s JD Sports downfall

      Mike Ashley, founder of Frasers Group Plc. Photographer: Chris J. Ratcliffe/Bloomberg via Getty Images

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IPO market

  • Paddy Power owner’s London exit fears mount as shares slide

    Betting

    Flutter Entertainment is facing fresh scrutiny after analysts warned the gambling giant’s battered share price is effectively “pricing in zero US growth”, as fears mount over a potential full London Stock Exchange exit. The Paddy Power and FanDuel owner has come under renewed pressure after cutting guidance despite posting stronger quarterly revenues, with investors increasingly [...]

    Flutter owns gambling firms like Paddy Power and Fanduel.
  • Power Probe launches dividend bonanza after growth surge

    Markets

    One of the newest members of AIM is gearing up for a dividend bonanza just months after its London IPO. North Carolina-based Power Probe, which makes power tools for the motor industry and debuted on AIM in December, raising $15m (£11.1m), declared an initial dividend of 1.6per share on Monday. The firm, founded in California [...]

    Handheld power probe device testing electrical circuits with precision in a professional setting, showcasing advanced diag...
  • Shopping list: London Stock Exchange could welcome £20bn in retail floats within months

    Markets

    The London Stock Exchange is gearing up to welcome as much as £20bn in retailer listings amid hopes that the British high street could be key to reviving the capital’s ailing public markets. Three of the UK’s biggest retail brands – Primark, Boots and Waterstones – each appear to be in the advanced stages of [...]

    Burberry has cut its dividend after a plunge in sales.
  • Revolut’s blockbuster IPO is two years out, says Nik Storonsky

    April 20, 2026

    The boss of Revolut has ruled out a public listing for the next two years in a move that extends the Treasury’s timeline to shore up one of Europe’s most-desired IPO prospects. Nik Storonsky, the straight-talking founder of Revolut, said a public debut was “two years away”. “We’re a bank, and for a bank, it’s [...]

  • Beauty Tech Group profits jump following London IPO

    April 16, 2026

    The Beauty Tech Group has posted stronger-than-expected annual results after its London listing last year, with revenue and profits surging as demand for at-home beauty devices continued to grow across international markets. The Manchester-founded business, which floated on the London Stock Exchange in October at a valuation of about £300m, told markets on Thursday that [...]

  • Morgan Stanley and Goldman Space X IPO plan to curb post-float selloff

    April 14, 2026

    The Wall Street banks elected to work on Space X’s anticipated listing are drawing up plans to curb a post-IPO slump that could have detrimental effects to its valuation. Advisers on the deal are exploring whether insiders and early investors could be allowed to sell shares before the standard 180-day lock up has passed, according [...]

  • Musk turns SpaceX IPO into sales push for Grok

    April 4, 2026

    Elon Musk is using SpaceX’s blockbuster IPO to do more than raise capital, he is also driving adoption of AI business. Banks and advisers working on the listing have been required to purchase subscriptions to Grok, the chatbot developed by xAI, it was reported on Saturday. Several firms have already agreed to spend tens of [...]

  • OpenAI reshuffles leadership as IPO plans loom

    April 4, 2026

    OpenAI is reshaping its leadership team as it prepares for its next phase of growth, with senior executives moving roles and others stepping back. The company confirmed that longtime chief operating officer Brad Lightcap will transition into a new role focused on special projects, reporting directly to chief executive Sam Altman. In the position, Lightcap [...]

  • Musk plans 30 per cent retail slice in SpaceX IPO

    March 27, 2026

    Elon Musk is considering allocating up to 30 per cent of SpaceX’s long-awaited IPO to retail investors, in a break from a standard Wall Street practice for what could be one of the biggest listings in years. The proposed structure, which is not yet final, would give individual investors a far larger share of the [...]

  • Anthropic targets October for mega IPO

    March 27, 2026

    AI giant Anthropic is targeting a listing as early as October, placing itself at the centre of what could become one of the most significant tech IPOs in years. The San Francisco-based company, best known for its Claude chatbot, has begun preliminary discussions with leading Wall Street banks including Goldman Sachs, JPMorgan Chase and Morgan [...]

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