��Ƶ

South East

08:33, 3 JUN 2025

Monzo's latest financial results set it up for blockbuster IPO

The ��Ƶ fintech veteran broke another milestone in the last 12 months after topping £1bn in annual revenue.

Bookmark

FTSE 100 defence stocks: BAE Systems, Rolls-Royce and Babcock shares surge

Shares in Babcock have jumped by more than seven per cent so far today to pass the 1,000p mark for the first time since the end of September 2016, while BAE Systems has seen a rise in its share price by almost two per cent

Bookmark

IG Group pioneers crypto trading for retail investors as ��Ƶ's first listed company

IG Group has become the first ��Ƶ-listed company to launch crypto trading to retail investors, with the FTSE 250 firm debuting the feature amid a surge in policy pitches meant to woo digital currency investors.

Bookmark

M&S chief executive's pay swells to more than £7m before cyber attack

Stuart Machin took home just over £7m for M&S's latest financial year, up from the £5m he received for the prior 12 months, the retailer's annual report has revealed

Bookmark

HSBC pumps $4bn into private credit funds as banking 'arms race' intensifies

HSBC has pumped $4bn into its asset management arm to spearhead a private credit pivot that will see the bank build a $50bn credit platform in the next five years.

Bookmark

Vodafone completes £15bn Three merger and vows to invest £11bn in ��Ƶ networks

The newly-created VodafoneThree will become the ��Ƶ's largest mobile operator and has promised to invest heavily in the country's digital infrastructure in the coming years

Bookmark

Yo! Sushi loses more than £20m as owner is bought in £500m deal

Delayed accounts show the sushi chain reported a pre-tax loss of £22.6m in the year to March 31, 2024, after its turnover totalled £138.3m for the same period

Bookmark

From fintech favourite to financial struggles: Starling Bank faces a tough road ahead

Starling, Monzo and Revolut entered the banking scene over a decade ago - but as two continued their charge, one faltered - here's a look at the rise and fall of one of the ��Ƶ's most exciting fintechs

Bookmark

Trainline's CEO pay more than doubles to £5.6m after bumper year

Jody Ford has taken home £5.6m, having been remunerated to the tune of £2.4m for the prior 12 months

Bookmark

BoE rate-setter advocates for interest rate cut, predicts inflation spike will subside

Bank of England Monetary Policy Committee (MPC) member Alan Taylor has called for a further interest rate cut, insisting that the recent spike in inflation will be short-lived

Bookmark

Ghost Ship producer halves losses as commercial turnaround plan bears fruit

Adnams, which is based in Suffolk, is known for its Ghost Ship ale as well as its range of spirits.

Bookmark

Barclays and HSBC shares jump after Trump's legal blow to tariffs

The FTSE 100 was up 18 points as markets opened to the news but quickly reversed gains trading broadly flat.

Bookmark

John Lewis gets go-ahead to build hundreds of homes in West London

The John Lewis Partnership has received planning consent from Ealing Council for the redevelopment of Waitrose West Ealing, which will see the creation of 428 homes

Bookmark

Fast fashion giant Shein eyes Hong Kong IPO as London listing stalls

Shein is reportedly working towards a Hong Kong initial public offering (IPO) after failing to secure approval from Chinese regulators for its London listing

Bookmark

B&Q owner Kingfisher sees strong ��Ƶ sales but French troubles continue

Kingfishjsoner, which operates 1,900 stores across seven European countries, said total sales rose 1.8 per cent to £3.31bn in the three months ended April 30.

Bookmark

Ocado crowned Britain's fastest growing grocer as ��Ƶ faces highest grocery inflation in over a year

Grocery inflation shot up to 4.1 per cent in May, driven by chocolate and suncare products in the hottest start to the month on record

Bookmark

Thames Water slapped with record £123million fine over 'unacceptable impact on environment'

The water regulator confirmed a final decision on Tuesday following two of its "biggest and most complex" investigations into the beleaguered utility's operations.

Bookmark

Starling Bank's profits tumble as tougher competition takes toll

Starling said it had been hit by higher costs as it ramped up its investment levels in a more competitive fintech market, with staff expenses a major factor in the increased expenses

Bookmark

Vauxhall owner Stellantis names former Jeep boss as new chief executive

Stellantis has named Antonio Filosa as its new chief executive, replacing Carlos Tavares who was pushed out in December after a series of profit warnings

Bookmark

Twinings Tea: Profit at ��Ƶ's most famous tea brand jumps to almost £100m

New accounts filed with Companies House show the London-headquartered tea brand's revenue increased from £226.7m to £234.3m in the period

Bookmark

HSBC intensifies European downsizing, slashing investment bank roles amid strategic Asian pivot

The bank reportedly cut more than two dozen investment bank jobs in Europe, with the cull including the head of fixed income research for the Middle East and North Africa

Bookmark

Monsoon and Accessorize owner slumps into the red as sales fall

Adena Brands, the owner of both Monsoon and Accessorize, slumped to a pre-tax loss of £7.5 million for the 12 months to 31 August, 2024, according to new accounts

Bookmark

HS2 whistleblower handed 'substantial' payout after raising concerns about costs

Stephen Cresswell, a former senior HS2 cost analyst, will receive a substantial compensation payout after HS2 admitted partial liability following a case for unfair dismissal at the Employment Tribunal

Bookmark

��Ƶ fintech giants Zopa and Clearscore exceed targets in national cost of living initiative

The Fintech Pledge, which includes 57 fintech and tech firms, has exceeded its target of 25m actions to help ��Ƶ consumers improve their financial resilience

Bookmark

You can find this story in My Bookmarks.Or by navigating to the user icon in the top right.