High-cost loans firm Evlo eyes £200m sale in sign of subprime comeback Exclusive High-cost lender Evlo has tapped bankers for a sale which could fetch the company a valuation of more than £200m, City AM can reveal, in signs of a revival of dealmaking in the controversial sub-prime lending market. Evlo, which calls itself ‘the friendly UK lender’ and offers loans at interest rates of up to 252 [...]
Burnham to repeal Thatcher-era ban on public ownership of water companies Water The government will repeal a ban on public ownership of water companies as part of ten-year transformation of the privatised water sector, the Prime Minister has announced. Speaking at the Labour conference in Liverpool, Andy Burnham said the privatised water industry introduced under Margaret Thatcher had failed and his government would introduce a new water [...]
Burnham to pledge greater control of water and energy industries Industrials Andy Burnham will double down on plans to seize greater public control of the water, energy and transport industries tomorrow as he pledges to “break with the flawed thinking of the past 40 years”. In his first speech to Labour’s conference as Prime Minister, Burnham is expected to say Britain is currently “run for vested [...]
Will Airtel Money kickstart London’s IPO pipeline? September 24, 2026 London’s sluggish IPO market showed signs of a rebound on Wednesday as Airtel Money confirmed plans for a bumper listing – now the City is hoping it will get the domestic pipeline moving, writes Charlie Conchie. When Airtel Money’s chief executive spoke to City AM yesterday to discuss the launch of his African payment firm’s [...]
Private equity firm Pollen Street weighs sale September 23, 2026 Private equity firm Pollen Street is weighing a sale and has begun talks with potential suitors, the company confirmed today, in what could be the latest of a wave of takeovers to hit the London Stock Exchange this year. The London-listed investment house, which counts lenders Shawbrook and Bunq among its portfolio, said its board [...]
Argentex founder secures funding injection for new fintech firm September 23, 2026 The founder of foreign exchange firm Argentex, which collapsed in the wake of Donald Trump’s ‘liberation day‘ last year, has secured a multi-million pound funding injection for his new fintech venture, City AM has learned. Irish payments and foreign exchange (FX) group Fexco will invest £7.5m in Tenora, an FX technology firm set up by [...]
‘Hound of Hades’ private equity firm pursues Aldermore September 17, 2026 Private equity firm Cerberus has teamed up with Warburg Pincus on a joint bid for alternative lender Aldermore, City AM can reveal, in a sale process that could value the company at more than £1.4bn. The US private equity firm, named after the Hound of Hades, a three-headed dog that guards the gates of the [...]
Exclusive: Nationwide and Investec set to bid for alternative lender Aldermore September 15, 2026 Investec and Nationwide are set to bid for alternative lender Aldermore as its South African owner Firstrand fields offers for the company, City AM can reveal. London-listed Investec and building society Nationwide were both weighing bids to buy the UK bank ahead of a deadline for first round offers on Tuesday, sources said. First Rand [...]
HSBC shares dip as finance chief announces exit September 10, 2026 HSBC is on the hunt for a new chief financial officer after the bank revealed its finance head Pam Kaur would retire after two years in the job. Kaur, who has been with the company for 13 years, is set to leave her role at some point in 2027 and will not stand for re-election, [...]
Gatwick and Heathrow warn of delays after air traffic control meltdown September 9, 2026 Airports including Gatwick and Heathrow have warned of further delays as they work to clear a backlog of flights following disruption to the country’s traffic control system yesterday. Both of the London hubs said flights had resumed on Wednesday but warned of longer wait times and urged passengers to check if their flights were going [...]
