Flutter confirms plans to exit London Stock Exchange
Table of contents
- Flutter Entertainment will delist its ordinary shares from the London Stock Exchange with effect from 8.00am (London time) on Monday, 3 August 2026
- The last day of trading on the LSE will be 31 July 2026, with shares continuing solely on the New York Stock Exchange under the ticker FLUT
- The move follows a review launched in May 2026 alongside Flutter’s Q1 results, citing low trading activity, costs and regulatory obligations
Flutter Entertainment has confirmed it will delist its ordinary shares, traded in London under FLTR, from the London Stock Exchange, ending its presence on the UK market less than two years after shifting its primary listing to New York.
The decision follows a formal review the company launched in May, and shares will continue trading exclusively on the New York Stock Exchange under the symbol “FLUT” following the delisting.
Reasons for the delisting
In a statement issued on Friday, Flutter said it had carefully weighed several factors before reaching its decision. The company said it considered the level of trading activity in its shares on the LSE as well as the additional cost, and regulatory and administrative obligations arising from retaining the LSE listing, before concluding that proceeding with the delisting was in the best interests of the company and its shareholders.
Flutter has also requested the Financial Conduct Authority to cancel the listing of its shares on the Official List. The company first signalled this outcome in May, telling shareholders alongside its Q1 results that it was undertaking a review of its LSE listing.
Flutter shifted its primary listing to New York in May 2024, a move shareholders approved to better reflect the group’s growing focus on the US and Canadian markets, driven largely by FanDuel. Since then, the London listing had operated as a secondary venue, valued mainly by remaining UK-based shareholders.
Flutter’s departure adds to a growing list of companies abandoning London in favour of US exchanges, a trend that has fuelled ongoing concerns about the LSE’s competitiveness as a venue for large-cap listings.
Shareholders holding Flutter stock through London-listed depositary interests will need to access the shares via the NYSE once the delisting takes effect. The company has prepared a shareholder FAQ and helpline to guide investors through the transition, in line with FCA notice requirements.
Shareholder tensions over pay
The delisting lands amid friction between Flutter and its investors over executive compensation, an issue laid bare at the company’s annual general meeting in Dublin on 29 May.
Shareholder Colm Whooley told chairman John Bryant that the move to New York two years ago “seems like an excuse to treble the remuneration of the executives.”
“Salaries of $20 million do not make any sense to me,” Whooley said.
Flutter paid CEO Peter Jackson $19.7 million last year, down from $22 million in 2024, with the bulk of both packages made up of company shares. Flutter’s Chair John Bryant responded that Jackson’s pay was appropriate given the size and scale of the company, and was in line with similar-sized US-listed businesses.
The exchanges came during a tough year for Flutter’s stock, with shares trading at around $98 in New York at the time of the AGM, as the rise of prediction markets weighs on the group’s core betting business.
Implications for Flutter’s strategy
Flutter’s exit shows the gravitational pull of US capital markets for gambling groups with significant American exposure. With FanDuel remaining central to growth, the delisting cements New York as the company’s sole regulatory and financial home.
Flutter continues to navigate a challenging period more broadly, having recently called for tighter regulation in the prediction markets space ahead of the World Cup.
President Dan Taylor warned that the illegal market could outstrip $60bn in legal World Cup wagering in a recent op-ed. Taylor has called on governments, regulators, platforms and licensed operators to act together to protect the regulated betting market during the 2026 FIFA World Cup.
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