Starling’s profit slides as falling interest rates bite May 21, 2026 Starling’s profit took a dip in the latest financial year as the lower interest rate environment took a chunk out of the digital bank’s bottom line. The UK fintech notched a £217m pre-tax profit, down three per cent from the £223m secured in the prior year. This came as revenue slipped 5.6 per cent to [...]
How SpaceX could become the most valuable company in the universe May 21, 2026 Elon Musk’s plans to colonise Mars may sound far-fetched, but he has already achieved most of what he set to do. But in order to make science fiction a reality, we need to make sure companies are rewarded for taking risks in space, says Rainer Zitelmann SpaceX is aiming to go public in June setting [...]
Goldman Sachs lands lead role on SpaceX’s record $1.75 trillion IPO May 20, 2026 SpaceX is preparing to launch what could become the largest stock market flotation in history, after Goldman Sachs secured the coveted lead left underwriting role on a proposed $75bn initial public offering. The Elon Musk-led rocket, satellite and AI group is expected to publish its prospectus as early as Wednesday ahead of a planned Nasdaq [...]
Blackrock eyes SpaceX stake as Musk pulls IPO forward to June May 17, 2026 Elon Musk is pulling SpaceX’s long-awaited stock market debut forward as BlackRock weighs a major investment in what could become the largest IPO ever attempted. The rocket and satellite giant is now expected to price its flotation on 11 June before beginning trading on Nasdaq the following day under the ticker SPCX, according to Bloomberg. [...]
Klarna swings back to profit after delivering second $1bn quarter May 14, 2026 Klarna has sealed its first quarterly profit since its blockbuster IPO last year as the firm’s cost-cutting pays off. The Swedish fintech unicorn booked a $17m profit in the first quarter of the year, marking a swing from a $90m loss in the prior year. The return to the black was driven by a 44 [...]
Uzbekistan national investment fund lists in London after $604m IPO May 13, 2026 Uzbekistan’s national investment fund has completed the country’s first ever public market debut, raising hundreds of millions of pounds at a valuation of £1.5bn, in London’s first major IPO of 2026. In an update on Wednesday, the National Investment Fund of the Republic of Uzbekistan (Uznif) confirmed it had completed its dual listing on both [...]
Lime races SpaceX and OpenAI to IPO as revenues soar May 11, 2026 Lime, the Uber-backed e-bike giant, filed for a Nasdaq listing over the weekend, joining a growing cohort of tech giants racing toward public markets this year. The Silicon-Valley based micromobility titan, known for its ubiquitous green bikes, plans to list on Nasdaq this year, following revenues jumping 29 per cent to $886.7m (£665m) in 2025, [...]
Fermi rebuffs ousted chief’s bid to regain control of board May 6, 2026 Fermi has rebuffed a bid from its ousted chief executive to wrest back control of the data-centre giant by gaining a seat on its board. In a stock exchange filing on Wednesday, the embattled London-listed group accused its defenestrated co-founder, Toby Neugebauer, of trying to pack its board with apparatchiks to regain the reigns at [...]
OpenAI listing plans hit as Altman scraps robotics spin-off idea May 5, 2026 Tech behemoth OpenAI internally shelved plans to spin off its robotics and consumer hardware divisions, as chief executive Sam Altman tightens focus ahead of a potential IPO that could value the company at up to $1 trillion (£737bn). The proposed restructure, as first reported by the Wall Street Journal, would have mirrored Alphabet’s model, separating [...]
Haleon takes hit from ‘weak cold and flu season’ but Sensodyne shines April 29, 2026 After being spun out from GSK in the biggest London IPO in decades, City analyst are looking for more from the emblematic FTSE 100 consumer healthcare powerhouse with roots in a Lombard Street apothecary shop Fewer sniffles during the winter have sent a chill through sales volumes at Haleon, the FTSE 100 over-the-counter remedy maker. [...]