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  • Schroders upgrades Revolut stake in former Woodford trust by 85 per cent

    Investing

    A Schroders trust formerly run by star stockpicker Neil Woodford has upgraded the value of its stake in Revolut by 85 per cent, implying the fintech firm is worth $48bn (£37.1bn). The Schroders valuation would put Revolut, which has been mulling an IPO for years, above the $45bn it was valued at last summer, though below [...]

    Revolut has faced a series of headaches on the road to its UK banking licence.

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