Fintechs lobby Rachel Reeves for tax incentives to boost listings July 9, 2025 Top British fintech firms have urged Rachel Reeves to provide incentives to list in London or risk losing them to rival markets overseas. Executives from Clearbank, Atom, Revolut and Zilch met the Chancellor on Wednesday morning ahead of the Treasury’s Financial Services Growth and Competitiveness Strategy, in which fintech is expected to play a starring [...]
Galliford Try ‘well-positioned’ to benefit from government spending July 9, 2025 Galliford Try has stated that it “welcomes” the government’s ambitions for affordable housing and infrastructure and expects to report a profit ahead of expectations this year. The construction giant, which has 4,300 employees across the UK, operates across the public and regulated sectors – including water, transport and building projects. The company told markets it [...]
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 [...]
There’s more to philanthropy than writing cheques July 8, 2025 Giving time, expertise and leadership is just as important as money when it comes to tackling society’s most pressing challenges, says Professor Geeta Nargund Today, the Giving and Impact Summit returns to the London Stock Exchange, bringing together the philanthropic, wealth management and business communities to celebrate giving, explore new ideas and encourage a stronger [...]
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 [...]
British banking chiefs take a leaf from Elon Musk’s DOGE July 4, 2025 The chiefs of the UK’s Big Four banks are taking a leaf out of the Elon Musk playbook in their strident bid to slash costs. Natwest’s Paul Thwaite, Lloyds’ Charlie Nunn, HSBC’s Georges Elhedery and Barclays’ CS Venkatkrishnan are in the midst of major cost-cutting endeavours that bear similarities to Musk’s Department of Government Efficiency [...]
‘Fair business’ for Aquis stocks to get into crypto, exchange boss says July 3, 2025 The boss of the new owner of Aquis has said it is “fair business” for firms to hold crypto after a wave of the exchange’s constituents adopted Bitcoin treasury policies. Bjorn Sibbern, CEO of stock exchange Six, which this week completed its £225m takeover of Aquis, told Morning Wire: “If we have listed companies that [...]
UK VC investment storms ahead of Europe as AI dominates July 3, 2025 UK venture capital funding stormed ahead of its European peers in the first half of 2025 as the country’s innovation economy remained resilient in the face of wider geopolitical tensions. Total investment topped $8bn (£5.9bn), edging up three per cent from the final six months of 2024. This gave the UK a 30 per share [...]
Reeves on growth ‘hell slide’ after welfare U-turn as rebels call for wealth tax July 2, 2025 Rachel Reeves faces a “hell slide” in her ambition to balance economic growth with her “iron clad” fiscal rules following Labour’s U-turn on welfare. The Chancellor had hoped government plans for welfare reform would shed £5bn in spending as they targeted restrictions on personal independence payments (PIP) and limited the sickness-related element of universal credit. The [...]