Business lender Shawbrook aims for UK listing this year, FT reports
BC Partners and Pollen Street Capital, which own the British specialist lender Shawbrook, are preparing to list the company in London as soon as the second half of this year, the report said citing people familiar with the matter.
FT had earlier reported that Shawbrook aimed for a 2 billion pounds valuation and had planned a float earlier this year before delays.
The small business lender is adding more investment banks to its group of advisers, according to the report.
Reuters could not immediately verify the report. BC Partners, Pollen Street and Shawbrook did not immediately respond to a request for comment outside regular business hours.
Shawbrook's IPO will be a boost to the UK's capital markets, as a growing number of companies have shelved or shifted plans to list in London in recent years, with fast-fashion major Shein being the latest to walk away.
The UK has revamped listing rules to make London more attractive for company listings and fundraising.
($1 = 0.7393 pounds)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Sky News
29 minutes ago
- Sky News
PM to hold talks with Trump today - but will have to walk a fine diplomatic line
Gaza and transatlantic trade are set to dominate talks between Donald Trump and Sir Keir Starmer when the pair meet in Scotland later. Downing Street said the prime minister would discuss "what more can be done to secure the ceasefire [in the Middle East] urgently", during discussions at the president's Turnberry golf course in Ayrshire. Talks in Qatar over a ceasefire ended on Thursday after the US and Israel withdrew their negotiating teams. 13:22 Mr Trump blamed Hamas for the collapse of negotiations as he left the US for Scotland, saying the militant group "didn't want to make a deal… they want to die". Sir Keir has tried to forge close personal ties with the president - frequently praising his actions on the world stage despite clear foreign policy differences between the US and UK. The approach seemed to pay off in May when Mr Trump announced the agreement of a trade deal with the UK that would see several tariffs lowered. The two leaders are expected to discuss this agreement when they meet, with the prime minister likely to press the president for a lowering of outstanding tariffs on imports such as steel. 3:31 Prior to the visit, the White House said the talks would allow them to "refine the historic US-UK trade deal". That comes hot on the heels of the US reaching an agreement with the EU, which Mr Trump described as the "biggest dal ever made". This will see 15% tariffs imposed on most European goods entering America, despite the president previously threatening a 30% levy. 1:30 Extracting promises from the president on the Middle East may be harder though. Despite some reports that Mr Trump is growing frustrated with Israel, there is a clear difference in tone between the US and its Western allies. As he did over the Ukraine war, Sir Keir will have to walk a diplomatic line between the UK's European allies and the White House. On Thursday, French President Emmanuel Macron announced his country would formally recognise a Palestinian state in September, the first member of the G7 to do so. That move was dismissed by Mr Trump, who said it "doesn't carry any weight". 0:45 The UK, French and German leaders spoke over the weekend and agreed to work together on the "next phase" in Gaza that would see transitional governance and security arrangements put in place, alongside the large-scale delivery of aid. Under pressure from members of his own party and cabinet to follow France and signal formal recognition of Palestine, Sir Keir has gradually become more critical of Israel in recent months. On Friday, the prime minister said "the starvation and denial of humanitarian aid to the Palestinian people, the increasing violence from extremist settler groups, and Israel's disproportionate military escalation in Gaza are all indefensible". Government sources say UK recognition is a matter of "when, not if" - but it's thought Downing Street wants to ensure any announcement is made at a time when it can have the greatest diplomatic impact. 1:19 Cabinet ministers will be convened in the coming days, during the summer recess, to discuss the situation in Gaza. The UK has also been working with Jordan to air drop supplies, after Israel said it would allow foreign countries to provide aid to the territory. Donald Trump's trip to Scotland comes ahead of his second state visit to the UK in September. Downing Street says Ukraine will also likely be discussed in the meeting with both men reflecting on what can be done to force Russia back to the negotiating table. After the meeting at Turnberry, the prime minister will travel with the president to Aberdeen for a private engagement.
The Guardian
an hour ago
- The Guardian
Starmer faces difficult task persuading Trump to take different path on Gaza
Moments after Air Force One touched down at Prestwick on Friday for a trip in which politics will take as big a billing as golf, Donald Trump was asked about his relationship with Keir Starmer. 'I like your prime minister. He's slightly more liberal than I am, as you've probably heard. But he's a good man,' the US president told reporters. At a time when the UK wants Trump's ear on numerous weighty issues, his response to questions about the 'special relationship' will have given Downing Street some reassurance. But it has been hard won. Starmer has been clear since before Trump's re-election that he would work with him if it was in Britain's national interest. There have been uncomfortable moments, but so far his decision to align himself with the US president has broadly paid off. Most notable was the economic deal agreed by the two leaders that slashes some of Trump's tariffs on cars, aluminium and steel, and which – even though it is not yet fully implemented – the UK government hopes will be a first step towards a closer trading relationship. Starmer, along with other western allies, has also helped encourage Trump to shift his position on Ukraine. After initially siding with Vladimir Putin and appearing to blame Volodymyr Zelenskyy for the invasion, the US president has since declared himself 'very unhappy' with his Russian counterpart. The prime minister now faces his toughest diplomatic task of all: trying to persuade Trump to take a different path on the humanitarian crisis in the Middle East. Even getting the issue on the agenda will not have been straightforward, with the White House not regarding Gaza as a priority. Trump is the only international leader whom the Israeli prime minister, Benjamin Netanyahu, listens to – though even then, not all of the time – so getting the US president's ear at this precise moment is an opportunity not to be squandered. With international fury over the situation on the ground in Gaza growing, Starmer has also been under pressure domestically – from his cabinet, Labour MPs and increasingly the public – to take further action against Israel. Government advisers are defensive – citing what the UK has already done to hold Israel to account since Labour came to power – and promising further action will follow, even if it is not clear what that might constitute. They point to the UK restoring funding to the UN agency Unrwa, sanctioning far-right Israeli ministers and those who committed settler violence, breaking off trade negotiations with Israel, backing the legitimacy of the international criminal court and restricting arms licences to Israel (though not preventing them entirely). Sign up to First Edition Our morning email breaks down the key stories of the day, telling you what's happening and why it matters after newsletter promotion The initial urgency is around humanitarian aid, with mass starvation spreading across Gaza, and Starmer will be hoping to persuade Trump that the situation on the ground will only worsen unless the Israelis fully lift their blockade of almost all aid into the territory. The longer-term prize, however, would be a ceasefire. Starmer will press Trump to revive ceasefire talks between Israel and Hamas, after the US and Israel withdrew their negotiation teams from Qatar last week. Getting them back round the table to agree a 60-day break from fighting is a prerequisite to a more permanent cessation of violence. The window of opportunity is narrow: the Israeli parliament is not sitting until October, which gives Netanyahu the cover he would need to agree a deal. But Starmer knows Trump is the only international figure who can put pressure on him to do so. Only at that point does Starmer feel the UK could follow France and formally recognise a Palestine state. No 10 insiders say it is a 'matter of when, not if' and David Lammy, the foreign secretary, will be at a UN conference this week to establish a pathway to formal recognition. To the deep frustration of many in his party, the prime minister last week rejected a call to follow France in recognising Palestine amid concerns the move would be largely symbolic without a ceasefire in place, and that issue could overshadow the talks with Trump. But that means even more is riding on Monday's meeting with the US president. It will be a test of whether the energy put into maintaining a good relationship with Trump has been worth it. And it will also show how far Starmer really is prepared to push to help bring an end to the catastrophe in Gaza.
The Guardian
an hour ago
- The Guardian
Ukraine war briefing: Kyiv attack injures five, Trump and Starmer to discuss ‘applying pressure' on Putin
A Russian air attack on Kyiv has injured at least five people and damaged a residential building, the head of the Ukrainian capital's military administration, Tymur Tkachenko, said on Monday via Telegram. British prime minister Keir Starmer and US president Donald Trump are expected to discuss the war in Ukraine when they meet in Scotland on Monday. Downing Street said the talks would include 'applying pressure' on Russian president Vladimir Putin to end the invasion. The two leaders have built a rapport on the world stage despite their differing political backgrounds, with Trump praising Starmer for doing a 'very good job' in office ahead of their talks on Monday, which will focus on the Middle East and trade. It comes after Trump announced a tariffs deal between the US and the European Union after meeting European commission president Ursula von der Leyen for high-stakes talks at Turnberry on Sunday. Von der Leyen called on Sunday for Volodymyr Zelenskyy to uphold independent anti-corruption bodies, with the Ukrainian president signalling legislation to that effect could be adopted within days. 'Ukraine has already achieved a lot on its European path,' von der Leyen said on X after a call with Zelenskyy. 'It must build on these solid foundations and preserve independent anti-corruption bodies, which are cornerstones of Ukraine's rule of law.' After a rare outburst of public criticism, Zelenskyy on Thursday submitted draft legislation to restore the independence of Ukraine's anti-corruption agencies – reversing course on an earlier bill aimed at stripping their autonomy. 'I thanked the European commission for the provided expertise,' Zelenskyy said on X after his Sunday call with von der Leyen. 'We share the same vision: it is important that the bill is adopted without delay, as early as next week.' Von der Leyen also promised continued support for Ukraine on its path to EU membership. Russia scaled down the festivities on Sunday honouring its navy, citing security concerns amid continuing Ukrainian drone attacks. Russian authorities cancelled the parades of warships in St Petersburg, in the Kaliningrad region on the Baltic and in the far-eastern port of Vladivostok that are usually held to mark the annual Navy Day celebrations. Asked about the reason for the cancellation in St Petersburg even as Putin arrived in his home city to visit the navy headquarters, Kremlin spokesperson Dmitry Peskov told reporters that 'it's linked to the overall situation, security reasons, which are above all else'. The Russian defence ministry said air defences downed 99 Ukrainian drones in several regions overnight. Later in the day, it said another 51 drones were shot down near St Petersburg. A man was killed and three other people injured by drone fragments in the region around St Petersburg, according to local authorities. On the trip to St Petersburg, Putin vowed to build more warships and intensify the navy's training, adding: 'The navy's strike power and combat capability will rise to a qualitatively new level.' French president Emmanuel Macron had a phone call with Volodymyr Zelenskyy on Sunday and said later on X that he reaffirmed France's support for Kyiv and vowed to raise pressure on Moscow to force it to 'agree to a ceasefire that paves the way for talks leading to a solid and lasting peace, with full European involvement'.
