Shawbrook expands loan book ahead of mooted London float August 7, 2025 Specialist lender Shawbrook expanded its loan book in the first half of the year helping profit soar. The bank – which is owned by private equity firm Pollen Street Capital – recorded a 35 per cent jump in profit before tax to £168.6m as its loan book grew 14 per cent to £17bn. Deposits were [...]
Klarna to revive New York IPO attempt as soon as September July 31, 2025 Swedish fintech Klarna is gearing up for a second swing at a public listing in New York after original plans were derailed by the market meltdown following President Donald Trump’s tariff onslaught. The buy now, pay later (BNPL) giant is aiming to launch on the US stock market in September or October if market conditions [...]
Klarna receives regulatory approval to take on Monzo and Revolut July 30, 2025 Swedish fintech Klarna has received an electronic money institution licence from the Financial Conduct Authority, setting the firm up to compete with UK firms Monzo and Revolut. The licence will allow Klarna to offer its 11 million UK customers savings accounts and also pave the way for a debit card launch. Abby Vickers, Klarna’s head [...]
Starling mulls US listing in blow to Rachel Reeves’ fintech push July 15, 2025 The finance boss of Starling Bank has confirmed the firm is open to a US listing in a blow to Rachel Reeves’ hopes for a fintech-powered London market revival. Declan Ferguson, the chief financial officer of Starling, said the fintech had not formed a “concrete view” on which market the neobank would be most suited [...]
A tin of baked beans could decide the fate of the LSE June 26, 2025 A lot was riding on Shein’s plans to float in London. Too much, probably. The Asian e-commerce giant’s IPO was set to be the UK’s biggest in years, and was seen as our best bet to revive the market. But plans changed, and Hong Kong now looks the likely home. Is that such a loss [...]
Could Motorway be set for a blockbuster London IPO? June 25, 2025 The chief executive and co-founder of Motorway has spoken out about whether his company will choose London for a possible future float.
AIM boss: Inheritance tax sums don’t add up June 19, 2025 As AIM celebrates its 30th anniversary the market’s boss is eying a crucial birthday present from the Treasury: tax clarity. AIM shareholders were thrust into the tax spotlight last month after a leaked memo revealed Angela Rayner proposed Chancellor Rachel Reeves slap a series of taxes savers. Scrapping the inheritance tax exemption for AIM shares [...]
Peel Hunt: UK stock market held back by ‘lack of self esteem’ June 16, 2025 The boss of City broker Peel Hunt has said London markets are being held back by a “domestic lack of self esteem”. Steven Fine, Peel Hunt’s chief executive, told CityAM the UK believes it is in “a lot worse shape than the rest of the world does,” which has led to a cheapening of [...]
Metro Bank shares soar after takeover interest from Shawbrook owner June 16, 2025 Shares in Metro bank boomed as markets opened on Monday after reports the high street lender had been approached for a takeover. The FTSE 250 bank’s stock was up nine per cent to 122.00p during early trading. On Friday, shares closed at 112.2p, giving it a market capitalisation north of £750m. This follows private equity [...]
Profit almost wiped out at Asda billionaire’s empire ahead of mega IPO June 11, 2025 Profit at EG Group, the empire co-founded by a major investor in supermarket giant Asda, has almost been wiped out ahead of a planned $13bn float in New York. The Blackburn-headquartered group was formed by brothers Mohsin and Zuber Issa and is now co-owned by private equity giant TDR Capital. Now, new accounts filed with [...]