Exclusive: Octopus to swerve new private stock exchange Markets Octopus Energy will not join the delayed Pisces private stock market when it launches, its boss Greg Jackson has said, in a sign the utilities giant is distancing itself from the project after attending an event for interested companies last summer. Jackson told City PM that his multi-billion-pound firm had “no plans” to trade its [...]
Exclusive: Fintech unicorns lukewarm on Reeves’ stamp duty holiday Markets Two of Britain’s most exciting IPO candidates have told peers that the Treasury’s recent overhaul of stamp duty on shares will not be enough to convince them to list in London, City PM can reveal. Payments giant Zilch and banking software provider Thought Machine both used a recent meeting of industry heavyweights to raise concerns [...]
Thought Machine lands £45m funding round after losses widen Business Thought Machine has sealed a £45m funding round after the London fintech reported widening losses. The funding was secured in July, according to fresh Companies House filings seen by City PM, but the firm had not previously disclosed the investment. Thought Machine said it obtained the cash from its existing investor base. “The funding supplements [...]
Thought Machine boss backs London listing for $2.7bn fintech September 16, 2024 The chief executive of Thought Machine, one of Britain’s most valuable fintechs, has thrown his weight behind a London IPO, but admitted he is under pressure to list in New York.
Tech chiefs warn Chancellor not to undermine growth with tax hike September 11, 2024 A sweeping hike in capital gains tax (CGT) risks “undermining the chancellor’s growth agenda” and could suck talent and investment away from Britain’s start-ups, some of the country’s top fintech bosses have warned. Industry bodies and tech chiefs mounted a co-ordinated push to topple the suggestion of a blanket rise in CGT yesterday as they [...]
