Defence drilling firm tools up for London IPO Markets Aerospace drilling company Tek4 is gearing up for an initial public offering in London, City AM can reveal, in a boost to the London Stock Exchange as it looks to tempt more defence firms to market. The Leicestershire-based company, which counts Rolls-Royce and GE among its customers, is looking to raise £20m through a listing [...]
FCA charges City lawyer with insider dealing over maternity brand acquisition Legal The financial watchdog has charged a City lawyer with five counts of alleged insider dealing for trading in the assets of maternity fashion brand Seraphine Group using confidential information he gained while working on the company’s acquisition. The Financial Conduct Authority (FCA) said Richard Bloomfield, 38, worked on an acquisition of the City-based maternity clothing company [...]
How the boss of Zilch became UK fintech’s power broker Fintech Last year, Zilch founder Philip Belamant sat down with then-boss of Monzo, TS Anil. As the two friends caught up, Belamant was fizzing with ideas to turn his $2bn British fintech into a global powerhouse, according to sources familiar with the matter. Not long ago, Zilch had set up shop across the pond, and Belamant [...]
Kemi Badenoch: AI firms ‘won’t come here’ if Britain overregulates July 7, 2026 Kemi Badenoch has warned Britain risks driving away the next generation of AI giants unless it lowers industrial energy costs or fixes London’s capital markets, arguing the UK cannot regulate its way to becoming a global tech leader. Speaking at the Politics UK Summit in Westminster on Monday evening, the Conservative leader said Britain was [...]
‘Too much tax, too much regulation’: Fintech chief sounds alarm on UK economy and IPO market July 7, 2026 The boss of one of the UK’s fastest-growing fintech unicorns has warned the country risks “putting founders off” with overregulation and heavy taxation as speculation rises that the Labour government could make a major lurch to the left. Paul Taylor, who founded banking software firm Thought Machine in 2014, told City AM he feared UK [...]
UK fintech Starling to axe 130 roles in AI-powered simplification drive July 3, 2026 Starling is gearing up to cut some 130 roles in a bid to streamline its operations following a fall in profit over the last year. The London-based fintech told staff this week it would restructure its banking and tech operations as it leveraged AI across operations ahead of an influx of new projects. It said [...]
OpenAI’s proposed ‘Trump stake’ raises ‘governance overhang’ fears ahead of IPO July 2, 2026 OpenAI’s proposal to hand the US government a five per cent stake in the AI firm has triggered fears that the move could complicate a future public listing. The ChatGPT maker has discussed giving the Trump administration a five per cent equity stake as part of a broader proposal that would see America’s leading AI [...]
Two Uzbekistani London debuts delayed to next year July 1, 2026 The eagerly anticipated London listings of two Uzbekistani state-owned companies have been pushed back to 2027, the country’s deputy prime minister has said, despite the successful public debut of its national investment fund earlier this year. Jamshid Kuchkarov told an event in Tashkent that planned IPOs of Uzbekistan Airways and telecom giant Uzbektelecom will no [...]
Uranium miner plots London float as father-and-son team reopen abandoned site in northern Italy June 30, 2026 A firm planning to mine uranium in northern Italy has drawn up plans for a London float as it seeks to capitalise on renewed interest in nuclear technology. Reveille Resources, which will be operated by Ippolito Ingo Cattaneo alongside his father, Andrea Cattaneo, are preparing to join London’s small-cap Aquis exchange as soon as this [...]
Apple memory chip warning causes fresh Asia tech sell-off June 26, 2026 Markets across Asia fell sharply during Friday trading after US tech giant Apple blamed memory chip shortages on its decision to hike product prices. South Korea’s blue-chip Kospi suffered the biggest losses, forcing the stock exchange to trigger a 20 minute trading halt for the third time this week. It also marked the fifth trading [...]