Wise reports jump in users ahead of US dual listing Fintech Money transfer firm Wise delivered a bumper third-quarter as the UK fintech continued to lay the groundwork for its US dual listing. The payments firm recorded a 26 per cent surge in cross-border volumes to £47.4bn in its latest quarter as its customer base swelled. Wise said it now served near-11m users, up by a [...]
UK fintech Zilch eyes deals spree on march towards public debut Fintech Consumer payments giant Zilch is eyeing more deals after snapping up a Lithuanian challenger bank ahead of its long-awaited public debut. The UK fintech has acquired Fjord Bank, helping it to secure a European banking licence and accelerate overseas plans. “We needed a regulatory umbrella that would allow us to go and move really fast [...]
City watchdog fines ex-Carillion finance chiefs for market manipulation Regulation The City watchdog has fined the former finance directors of collapsed construction firm Carillion for their role in making “misleading” statements from the company. The Financial Conduct Authority (FCA) said both Richard Adam and Zafar Khan were aware of “serious financial troubles” in Carillion’s UK business but failed to reflect this in company announcements. Adam [...]
London Stock Exchange needs more ‘hustle’ to attract IPOs, says Octopus chief December 31, 2025 The boss of Octopus Energy Group has said the London Stock Exchange needs to show more “hustle” to attract new listing candidates like the group’s tech arm, Kraken. Greg Jackson, chief executive of Octopus, said whilst he would “love” for Kraken to list in the City, but added the London Stock Exchange (LSE) needs to [...]
OpenAI, SpaceX, Anthropic: the tech giants lining up blockbuster IPOs December 28, 2025 For more than a decade, Silicon Valley’s most powerful companies have stayed private for longer than ever before, buoyed by deep pools of capital and sovereign wealth funding. But, as interest rates remain higher, AI infrastructure costs balloon and some of the world’s largest private firms mature into businesses of national, and increasingly geopolitical, importance, [...]
‘We chose AIM over Nasdaq and Euronext’: Power Probe boss December 12, 2025 The boss of US toolmaker Power Probe said he felt the AIM market was the best international venue for the company after completing a London stock market float. In an interview with City AM, Power Probe chief executive Chema Garcia said: “With 90 per cent of our revenue in the US, the first option was [...]
Zilch boss shrugs off Klarna’s stock loss after fresh funding round November 13, 2025 The boss of one of London’s most hotly-anticipated fintech listings has shrugged off the recent stock fall of Klarna after securing a fresh funding round. Philip Belamant, the chief executive of consumer payments platform Zilch, told City AM “there’s always a bit of downward pressure” when asked whether Klarna’s recent stock tumble raised any concerns [...]
UK fintech Wise profit falls amid shifting primary listing to US November 6, 2025 Money transfer firm Wise took a hit to profit in the first half of the year amid its move to shift its primary listing to New York. The fintech darling recorded a 13 per cent reduction in pre-tax profit at £254.6m despite soaring numbers in customers and volume. Marketing investment increased 59 per cent to [...]
Cindrigo shares lift as energy firm debuts on London’s main market October 31, 2025 Energy developer Cindrigo today became the latest business to float on the London Stock Exchange, rounding off one of the busiest months for London listings in years after a prolonged drought. The Finnish business has joined the main market of the exchange after raising proceeds of £2.1m. The shares have been priced at 12p each, [...]
Princes Group prices London IPO at bottom end of range October 31, 2025 Shares in Princes Group made their debut on the London Stock Exchange on Friday, rounding off a rare, busy month of listings for the British bourse after a prolonged drought. The Liverpool-based business, which makes Branston beans, Batchelors peas and Napolina olive oil, had set its offer price at 475p, the bottom end of the [...]