Treasury meets Monzo and Revolut bosses amid plea for London listings May 13, 2025 The Treasury courted top UK fintech names including Monzo and Revolut on Tuesday in hopes of convincing the country’s most valuable unicorns into listing on the London Stock Exchange. Emma Reynolds, economic secretary to the Treasury, met with bosses from Monzo, Revolut, Clearscore and Oaknorth. Chief executive of the London Stock Exchange Dame Julia Hoggett [...]
Financial Conduct Authority plans to ‘put public back in IPO’ May 13, 2025 After a torrid few years for the London Stock Exchange, the Financial Conduct Authority is opening new avenues to boost initial public offerings (IPOs). The City regulator told industry stakeholders at the London Stock Exchange’s annual IPO Forum last week, it would “put the P back into IPO,” sources attending the event told City AM. [...]
Aston Martin: PIF and Geely billionaire’s shares shift after investment May 12, 2025 The proportion of shares Saudi Arabia’s Public Investment Fund (PIF) and Chinese billionaire Shufu Li’s hold in luxury car brand Aston Martin has changed following a major shares issue. In March Yew Tree Consortium, which is led by chairman Lawrence Stroll, placed 75 million additional shares in the London-listed business. As a result, both the value of the [...]
UK IPO uptick offers hope for London Stock Exchange recovery May 12, 2025 A pair of UK companies have announced plans to list on the London Stock Exchange in a move which provides renewed hope that British capital markets can make a turnaround. Cobalt Holdings and Iforex have both confirmed their plans to list on the stock market, amid continued concerns over the falling number of IPOs (initial [...]
Moneybox: Savings and investment platform gears up for possible IPO May 12, 2025 Savings and investment platform Moneybox is gearing up for a potential initial public offering (IPO) as it bolsters its boardroom with a new hire. The fintech has made a major signal it is working towards becoming a public company in the future with the appointment of Melissa Birge as an independent non-executive director. Birge has [...]
Fund managers fear for the future of the London Stock Exchange May 12, 2025 Leading fund managers are warning that sentiment towards the London Stock Exchange is drastically low following a meeting with Downing Street to discuss the issue. Nick Lawson, chief executive of investment group Ocean Wall, described UK equity markets as being at “rock bottom” following a meeting with Varun Chandra, the government’s special adviser on business. [...]
Deliveroo’s sale reignites fear over UK’s tech exodus May 9, 2025 When London-headquartered Deliveroo announced in early May that it had agreed to be acquired by US delivery giant Doordash, it triggered more than just a major shakeup in the food tech sector. To many in the industry, it was a familiar story – yet another prominent British tech firm snapped up by an overseas buyer. [...]
Revolut, Monzo and Wise: The UK fintechs slapped with the most complaints May 9, 2025 Fintechs may be giving banks a run for their money on innovation, but fresh data reveals they’re also competing on the unenviable field of complaints. New figures from the Financial Ombudsman Service (FOS) showed Monzo and Revolut topped the fintech industry for the most complaints. Both firms’ customer bases swelled to over 10m users in [...]
Investment boss: US capital flight won’t necessarily benefit UK May 9, 2025 Investors fleeing US markets won’t necessarily boost the value of those in the UK or Europe, a senior investment boss has warned, pouring cold water on hopes for a London Stock Exchange revival. Last month’s Bank of America global fund manager survey found that investors were looking to cut their exposure to US stocks at [...]
Centrica: ‘Challenging market conditions’ hit FTSE 100 energy firm May 8, 2025 Centrica has said it expects higher losses at its subsidiary, the UK’s largest gas storage site in the North Sea, known as Rough. The owner of British Gas on Thursday reaffirmed full-year profit guidance and plans to hike dividends despite “challenging market conditions” in its gas and power segment. Annual dividends are set it rise [...]