Business
Flutter Entertainment to Delist from London Stock Exchange
AI Summary
Flutter Entertainment, the owner of Paddy Power and Betfair, will cancel its London shares on 3 August, citing low trading volumes and high regulatory costs. The move follows a broader shift of UK‑listed firms to U.S. exchanges.
Flutter Entertainment, the world’s largest online betting group, announced it will scrap its listing on the London Stock Exchange effective 3 August, opting to focus on its primary listing in New York.
Flutter Announces Delisting from London Stock Exchange
- Decision communicated to investors in May and confirmed on 12 June 2026.
- Company cites "low levels of trading" and "additional cost, regulatory and administrative obligations" as reasons.
- Delisting will be completed on 3 August.
Financial Implications of the Delisting
- Company valuation: £15bn.
- Shares in London have lost about 50% of their value year‑to‑date.
- Revenue for 2025 rose 17% to $16.4bn (£12.2bn), slightly below the forecast of $16.7bn.
Broader Trend of UK Companies Shifting to US Listings
The exit adds to a growing list of high‑profile departures from the LSE, including CRH, Wise, and recent take‑private deals such as Tate & Lyle’s £2.7bn acquisition by Ingredion. Companies cite higher valuations and executive pay in the US as drivers.
What the Future Holds for London’s Stock Market
Analysts warn that continued delistings could further shrink the UK’s stock market depth, especially as emerging sectors like prediction‑market platforms (e.g., Kalshi) reshape betting revenues. The trend suggests a potential re‑orientation of capital flows toward U.S. exchanges.