Wise profit slides as costs racks up from US listing Fintech Money transfer firm Wise saw its profit fall in its latest financial year as costs related to its new primary listing on Wall Street helped take a chunk out of the company’s bottom line. The UK fintech’s profit before tax slid eight per cent to $660m (£500m) – down from $717.5m – in its first [...]
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 [...]
Revolut’s blockbuster IPO is two years out, says Nik Storonsky Fintech 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 [...]
UK fintech chiefs switch growth plans as capital conditions wane April 20, 2026 Over seven in ten UK fintech chiefs are switching growth plans due to the country’s ailing capital conditions. Some 71 per cent of the sector’s top bosses said they have had to adjust growth strategies as a result of tightening capital conditions, according to a fresh report from fintech advisory firm Chatsworth and market researcher [...]
London’s top 2025 listings tumble in blow to IPO revival hopes April 7, 2026 London’s biggest listings in 2025 have all tumbled since the start of the year, dealing a blow to hopes of a revival in the capital’s lacklustre IPO market. The five biggest floats from last year slumped by an average of 26 per cent in the first quarter of 2026, according to a City AM analysis, [...]
London IPO market may yet recover in 2026, Peel Hunt says March 19, 2026 The London IPO market could still see a revival before the end of the year, according to City broker Peel Hunt, as a number of blue chip firms wait patiently for geopolitical tensions to die down before firing the starting gun on their own floats. Brian Hanratty, head of equity capital markets at Peel Hunt, [...]
Waterstones to book chairman as London listing gains pace March 10, 2026 Bookselling titan Waterstones is on the hunt for a chairman as it picks up the pace on its rumoured London listing. Elliott Management, the activist equity firm which owns Waterstones, has hired headhunters at Russell Reynolds Associates to draw up a list of candidates to join the bookseller’s board. This is the latest signal that [...]
Revolut investors eye $100bn price tag in push for new share sale February 25, 2026 Revolut is weighing a fresh secondary share sale in the second half of 2026 as investors at the fintech giant hope to secure the $100bn price tag ahead of its highly-anticipated public debut. The London-born digital bank is in early talks over a transaction that would give new investors the opportunity to buy into the [...]
Wise reports jump in users ahead of US dual listing January 20, 2026 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 [...]
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 [...]