Klarna set for US IPO in snub to London markets March 6, 2025 Swedish fintech Klarna is looking to raise a minimum of $1bn (£777m) in a US initial public offering (IPO), sources told Bloomberg. Klarna’s US filing, which could come as soon as next week, will see the firm target a valuation of more than $15bn in the New York Stock Exchange, according to people familiar with [...]
CISOs losing ground to AI threats, Darktrace warns March 4, 2025 The threat of AI-driven cyber attacks is escalating, with 78 per cent of chief information security officers (CISOs) reporting a significant impact on their organisations. According to Darktrace’s newly released cyber security report, this represents a five per cent increase from last year. The findings, based on a survey of over 1,500 cyber security professionals, [...]
London Stock Exchange owner downplays extent of listing exodus February 27, 2025 The owner of the London Stock Exchange dismissed the gloom that is plaguing London’s public markets, pointing to its solid performance relative to European counterparts. Speaking alongside his firm’s full-year results, David Schwimmer, the veteran boss of the London Stock Exchange Group (LSEG), reiterated his view that UK IPOs would pick up this year, saying [...]
Glencore: FTSE 100 miner mulls ditching London February 19, 2025 Glencore became the latest company to warn it could ditch its London listing today in a move that has been described as a “sucker punch” to UK markets. Speaking to the media after the miner’s results today, Glencore chief Gary Nagle said that questions had been raised over whether the UK was the right place [...]
Crypto fraud surges after Donald Trump’s re-election February 13, 2025 Crypto platforms have been warned the industry is at a “critical juncture” after a Sumsub report showed a spike in fraud cases. The verification platform’s State of the Crypto Industry 2025 said fraud cases were up 48 per cent, with document forgery making up 31 per cent of detected cases in the last year. Following [...]
Public sector pay gap threatens UK cyber resilience February 6, 2025 The UK’s national security is at risk due to a growing pay gap between public and private sector cyber roles, making it harder for the government to attract and retain top talent. A recent study by Naoris Protocol found that salaries for key cyber security positions in the private sector can be nearly double those [...]
Starmer positions the UK as a trailblazer in AI innovation January 13, 2025 Keir Starmer has thrown the weight of Whitehall behind AI in a bid to boost growth and position the UK as a world leader in the sector. On Monday morning, Keir Starmer revealed the UK’s ‘AI Opportunities Action Plan’, a transformative strategy to establish the UK as a global leader in AI. He said: “The [...]
Brent Hoberman: Fear of ‘media onslaught’ puts business people off joining government January 11, 2025 Serial entrepreneur Brent Hoberman and the investment minister Poppy Gustaffson have warned that business people are put off taking on government positions due to fear of a “media onslaught”. Writing on LinkedIn, Hoberman, the founder of Lastminute.com and failed furniture retailer Made.com, criticised coverage of business people entering government and claimed the media constantly “insinuates [...]
Another private takeover: Alliance Pharma offered £350m January 10, 2025 The London Stock Exchange is facing yet another private takeover, with Alliance Pharma offered £349.7m in an all-cash deal. The AIM-listed firm, which sells over-the-counter drugs in over 100 countries, has seen its board recommend the takeover unanimously by asset manager DBAY Advisors and Edmond de Rothschild’s ERES IV fund. The group’s stock price jumped [...]
Darktrace in first acquisition since takeover as cloud security threats rise January 9, 2025 Darktrace has announced its first acquisition since its recent takeover by Thoma Bravo in October, as it focuses on bolstering cloud security amid rising threats to cloud based operations. The acquisition of the UK-based cyber provider Cado security comes as businesses are increasingly shifting operations to cloud-based systems, creating an urgent need for advanced cloud [...]