Astrazeneca plots huge $50bn US investment after ditching UK expansion plans July 22, 2025 Astrazeneca has unveiled plans to invest as much as $50bn in manufacturing and R&D in the US after ditching its UK expansion plans in a blow to the government’s industrial strategy. The Cambridge-based pharma giant said it will spend the huge sum over the next five years, including on a new manufacturing facility in Virginia, [...]
Wise co-founders clash over New York listing plans July 21, 2025 A plan to move Wise’s primary listing from London to New York has been thrown into doubt after one of the firm’s co-founders urged shareholders to vote against the move. Taavet Hinrikus, who served as chief executive of the London fintech from its founding in 2011 until 2017, warned he was “deeply troubled” over the [...]
Wise shares tumble ahead of switch to US primary listing July 17, 2025 Wise shares sunk on Thursday morning after the London fintech disappointed analysts in a trading update ahead of its upcoming switch to a US primary listing. The £12bn money transfer business reported a 24 per cent rise in quarterly cross-border volume to £41.2bn in the three months to end June, while customer holdings grew by [...]
Flutter market cap hits $51bn after latest FanDuel acquisition July 11, 2025 Sportsbook operator FanDuel is set for a $31bn valuation after Flutter Entertainment struck an agreement to take complete control. The Irish-American gambling firm reached terms with Boyd Gaming to acquire the five per cent of FanDuel it does not already own. The deal will see the final five per cent be transferred to Flutter Entertainment [...]
These charts show the scale of the London Stock Exchange’s decline July 9, 2025 In May, one of the London Stock Exchange’s smallest constituents decided to leave. Brighton Pier, which had been listed on the exchange’s AIM market with a £5m market cap, delisted and jumped ship to private securities venue JP Jenkins. “It’s something that had been building up for quite a while for the past several years,” [...]
Shein files for Hong Kong IPO as London listing prospects wane July 8, 2025 Shein has filed for an initial public offering in Hong Kong as the prospects for the firm’s London listing continue to wane. The Singapore-based business last week confidentially filed a draft prospectus for the Hong Kong Exchange and sought approval from the China Securities Regulatory Commission (CSRC), according to the Financial Times. The fast-fashion firm [...]
London IPO fundraising slumps to 30 year low July 4, 2025 IPO fundraising has slumped to a 30-year low in London in the latest warning sign on the health of the UK’s capital markets. Just £160m was raised from five listings on the London markets in the first six months of the year, the lowest-first half since 1995, according to data from Dealogic shared with the [...]
M&A volumes jump as US bidders snap up UK tech July 2, 2025 US private equity firms are continuing to swoop for UK tech companies leading to a jump in merger and acquisition (M&A) volumes. Giants from across the Atlantic have taken a heightened interest in UK stock, which analysts pegged to the “cheap and undervalued” nature of equities. UK public M&A activity almost tripled in the first [...]
Metlen moves listing to London in £5bn boost for City June 27, 2025 Greek industrial giant Metlen Energy & Metals hopes to list in London in August, in a much needed £5.1bn boost to the capital’s beleaguered stock market. The mining and energy firm confirmed on Friday that, after months of anticipation, it planned to move its primary listing from Athens to London on 4 August subject to [...]
Visma to snub Amsterdam for London IPO in rare win for Britain’s stalling market June 26, 2025 Norwegian software giant Visma has provisionally selected London over Amsterdam for its upcoming IPO, a rare win for the UK’s shrinking public markets as the country battles to remain a viable home for high-growth tech listings. The €19bn firm – backed by British private equity firm Hg – has chosen the capital because of its [...]