Exclusive: Euroclear expands Crest functionality in private markets in bid to widen investor pool June 24, 2025 Euroclear has expanded its Crest functionality in private markets in a bid to open them up to a wider pool of investors, City AM can reveal. The securities depository system, most frequently used for the settling of stocks and bonds in public markets, will have greater escrow options to address the needs of private companies [...]
One twist left in the PHP and KKR bidding war for Assura June 23, 2025 The Assura bidding war between KKR and PHP looked to be sealing its final chapter on Monday – but analysts warn there could be one more twist in the saga. Assura said on Monday it had recommended its board to accept a fresh cash offer from PHP, which valued the firm at £1.79bn. The deal [...]
Industrial Strategy: Labour to turn City into ‘most innovative financial centre’ June 23, 2025 Labour has vowed to turn the Square Mile into “the world’s most innovative full-service financial centre” as the government laid out the key pillars of its much-anticipated industrial strategy. The policy document said the government would achieve the milestone by 2035, but was unclear about what the criteria were for hitting it or how it [...]
PPHE unveils £90m plan to turn lap dancing club into luxury London hotel June 23, 2025 Hotel giant PPHE has unveiled plans to turn an east London lap dancing club into a huge new hotel as it continues its expansion in the capital. The London-listed firm today unveiled a £90m proposal to construct a 21-story tower on Leman Street in Whitechapel, which will feature 182 rooms, a restaurant, bar, gym and [...]
Spectris agrees to £3.8bn takeover but KKR threatens bidding war June 23, 2025 Industrial group Spectris has agreed to a £3.8bn takeover by US private equity Advent but a bidding war could be brewing as KKR mulls a rival offer. The FTSE 250 firm has been valued at £37.73 per share in the deal. Shares jumped 13.5 per cent as markets opened on Monday to around 3,726. Private [...]
Revolut boss set for Elon Musk-style payday at $150bn valuation June 23, 2025 The chief executive of Revolut could be set for a multibillion-dollar payout if the fintech’s valuation passes the $150bn milestone, sparking comparisons to Elon Musk’s controversial Tesla package. Nik Storonsky, who founded Revolut in 2015, has an incentive deal which would increase his stake in the London-based fintech by several percentage points if the valuation [...]
Government’s £4.4bn gain on ‘shares tax’ puts investors on edge June 20, 2025 Investors have stepped in to provide the government with a cheap fix after receipts from the ‘share tax’ grew to £4.4bn amid fears it was harming London’s capital markets. Rachel Reeves has spoken about her desire to boost the UK’s retail investment culture as part of her drive to deliver higher growth and yield more [...]
Blow to London Stock Exchange as Scottish Widows plots huge selloff June 19, 2025 The London Stock Exchange has been dealt another hammer blow after it emerged one of the UK’s biggest pension funds plans to massively cut its allocation for UK equities. The Edinburgh-based business, which manages as much as £72bn in pension assets, intends to slash the UK equities allocation in its highest growth portfolio from 12 [...]
Vodafone picks Microsoft exec for £2m finance chief role June 19, 2025 Microsoft exec Pilar López is to join Vodafone as its new chief financial officer, the telco giant said on Thursday. López replaces Luka Mucic, the company’s shortest-serving CFO, who is leaving in November for a position as chief executive of the real estate developer Vonovia. She held several positions at Microsoft including as its Western [...]
AIM is turning 30, but there’s precious little to celebrate June 19, 2025 We need a change of mindset about AIM, to once more be truly seen as a growth index. As such it should be afforded the appropriate tax incentives that reflect the perceived higher risk of earlier stage growth companies, says Dominic Tayler London’s junior market is quietly turning 30 today. For a market conceived to [...]