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 [...]
Key takeaways from Deliveroo’s Doordash deal May 6, 2025 Deliveroo’s 2021 flotation had been tipped as London’s hottest IPO. Within days it was rebranded one of the worst in history. The company had been valued at a whopping £7.6bn, making it one of the top tech firms in Britain and propelling its co-founder, Will Shu, from relative obscurity to a star CEO with a [...]
IWG: Workspace platform reports record March and ups share buybacks May 6, 2025 International Workspace Group (IWG) has reported a flat first quarter and record March as it fended off macroeconomic uncertainty. The company told markets this morning that revenue was stable at $909m (£683m) in the first quarter of the year. IWG, which provides flexible workspaces for businesses and individuals, upped its share buyback programmed from $50m [...]
London Stock Exchange suffers shareholder revolt over CEO’s bumper pay day May 1, 2025 The London Stock Exchange Group has suffered a huge shareholder revolt against its chief executive’s bumper pay packet. More than 30 per cent of votes were cast against the group’s remuneration report which saw CEO David Schwimmer take home £7.8m for the group’s latest financial year, up from the £5.3m he was paid for 2023. [...]
Rio Tinto shareholders reject move to ditch primary London listing May 1, 2025 Rio Tinto will keep its primary London listing after the mining giant’s shareholders voted comprehensively to reject an activist investor’s push for the firm to abandon its current dual-listed structure. More than eight in 10 shareholders voted against the motion proposed by London-based Palliser Capital, which called for a review into whether the miner should [...]