London IPO candidate Utmost sees inflows slideUtmost inflows fellA wealth firm expected to IPO in London later this year has posted a fall in inflows as a boost generated by last year’s UK government tax shake up tailed off. The group pinned the decline on a slowdown in activity caused by changes to the UK tax system in the 2024 Autumn Budget. Inflows across the rest of the business increased 16 per cent across the first half of the year, the company said. A successful IPO would provide a welcome boost to the London Stock Exchange as it continues to grapple with a slowdown in listings. Demand and retentionIn its results today, Utmost said inflows in its European business doubled on last year, hitting nearly £3bn.