Are the wheels falling off the Bitcoin treasury play? June 26, 2025 What do a London-listed web designer, a spinal health researcher and a metals miner all have in common? Hint: They also have this in common with an AI-powered business consultancy and a Utah-based oil and gas producer. Figured it out? The answer: In the past few days, they have all adopted what they call a [...]
City sends an SOS to fix London markets ‘before it’s too late’ June 26, 2025 Fears over the health of the City’s stock market have been laid bare after trading platform IG became the latest firm to sound the alarm over the “crisis unfolding” on the London bourse. The FTSE 250 firm has launched a “Save our Stock market” initiative – aptly dubbed the SOS campaign – which serves as [...]
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.
Liontrust profit slides after billions more outflows June 25, 2025 Profit at Liontrust slid by more than a quarter after the fund manager suffered billions more in outflows. The London-based business reported an adjusted pre-tax profit of £48.3m for the year to end March 2025, a drop of 28 per cent compared to last year. Liontrust saw nearly £5bn in outflows over the period, though [...]
Tritax Big Box makes £485m swoop for Warehouse REIT after Blackstone snub June 25, 2025 Tritax Big Box has reached a £485m deal to acquire rival Warehouse REIT, fending off a previous offer from US private equity giant Blackstone. The cash and shares offer, which has been recommended by the Warehouse board, values the company at £485m. Warehouse has withdrawn its recommendation that shareholders approve an earlier Blackstone offer as [...]
Halfords to shut garages amid growing cost pressures June 25, 2025 Halfords is set to close some of its garages this year as it struggles with increased labour costs introduced by last year’s Autumn Budget. Shares fell nearly two per cent in early trades. The cycling and motoring specialist said the sites earmarked for disposal are not able to provide the “level of customer experience to [...]
Exclusive: Euroclear expands Crest functionality in private markets in bid to widen investor pool June 24, 2025 Euroclear has expanded its Crest functionality in private markets in a bid to open them up to a wider pool of investors, Morning Wire can reveal. The securities depository system, most frequently used for the settling of stocks and bonds in public markets, will have greater escrow options to address the needs of private companies [...]
One twist left in the PHP and KKR bidding war for Assura June 23, 2025 The Assura bidding war between KKR and PHP looked to be sealing its final chapter on Monday – but analysts warn there could be one more twist in the saga. Assura said on Monday it had recommended its board to accept a fresh cash offer from PHP, which valued the firm at £1.79bn. The deal [...]
Industrial Strategy: Labour to turn City into ‘most innovative financial centre’ June 23, 2025 Labour has vowed to turn the Square Mile into “the world’s most innovative full-service financial centre” as the government laid out the key pillars of its much-anticipated industrial strategy. The policy document said the government would achieve the milestone by 2035, but was unclear about what the criteria were for hitting it or how it [...]
PPHE unveils £90m plan to turn lap dancing club into luxury London hotel June 23, 2025 Hotel giant PPHE has unveiled plans to turn an east London lap dancing club into a huge new hotel as it continues its expansion in the capital. The London-listed firm today unveiled a £90m proposal to construct a 21-story tower on Leman Street in Whitechapel, which will feature 182 rooms, a restaurant, bar, gym and [...]