Get the app →
BriefTea logoBriefTea

Every story in sixty words

Get the free app no ads · no paywall

Business · 3 August 2026

Chrysalis cuts the value of its Starling Bank investment to £356m

Chrysalis cuts the value of its Starling Bank investment to £356m

Photo: moneybright (CC BY 2.0)

The five per cent markdown knocked 2.35p a share off the total net asset value of the British investment fund. The digital bank remains the biggest single asset for Chrysalis, accounting for slightly more than 56 per cent of its entire portfolio. Bosses also sold several million pounds worth of Klarna stock to help clear £17.8m in outstanding company borrowing.

Reported by City AM · How we write briefs

More briefs

BusinessLondon's top shares reach a seven-week high as investors buy safer British businesses BusinessThames Water needs £2.4B more to avoid government takeover BusinessBritish pound rises against the dollar after the UK economy unexpectedly grows TechnologyFTC Subpoenas OpenAI and Anthropic Over AI Safety WorldUkraine Passes Parcel Tax Bill to Unlock IMF and EU Aid PoliticsBulgarian PM Backs Trump-Putin Diesel Deal at EU Summit More business stories → Browse all stories →