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Revolut's profits soar to £1bn amid global expansion and fintech boom
By City AM
The fintech darling boosted pre-tax profit growth of 149 per cent to £1bn, up from £438m in 2023.
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Tandem Bank: 'º£½ÇÊÓƵ's greener digital bank' sees profits surge 40%
By City AM
Tandem's assets under management topped £1.5bn at the end of 2024 - a 5.2 per cent increase on the previous year.
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Hargreaves Lansdown co-founder to rejoin board after £5.4bn takeover
By City AM
Peter Hargreaves, who helped set up the investment site in 1981 and stepped down as a director a decade ago, is set to rejoin the board in a non-executive role
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Next wave of º£½ÇÊÓƵ fintech to watch with Allica, Atom, and Tandem in the frame
By City AM
The º£½ÇÊÓƵ's fintech scene is booming - and it's not just the household names that are making waves in the industry. Here are the next wave of fintechs to watch out for in 2026
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HSBC, Barclays, Lloyds: Mortgage price war as lenders go all out to win business
By City AM
A large increase in remortgaging was seen in the three months to December
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US dollar under threat as Trump's trade war with China sparks 'global crisis'
By City AM
The dollar index on Thursday afternoon was 8.7 per cent below levels seen three months before as a new report warns of a 'global crisis'
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Man Group sees $5.6bn withdrawn in just two weeks as hedge fund suffers 'brutal losses'
By City AM
Hedge fund Man Group saw its assets under management drop by $5.6bn (£4.2bn) in just two weeks during April as the firm saw "brutal losses" impact its financials
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Barclays analysts: Weakened dollar and volatile policies hinder global market recovery
By City AM
Barclays analysts say a weaker dollar and higher US bond yields will limit the ability of the market to recover after the Trump tariff mayhem
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º£½ÇÊÓƵ fintech Wise could lose out if US-China trade war escalates, analysts warn
By City AM
The º£½ÇÊÓƵ fintech pocketed £350m in underlying income for the fourth quarter – a 13 per cent jump year-on-year
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Allica Bank profits soar as fintech chief eyes unicorn status for 'super clear' SME focus
By City AM
The fintech has grown at an unprecedented rate since its launch in 2020 and has amassed a host of accolades for its rapid expansion - but the CEO says the 'products are not more than half done'
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Brooks Macdonald hit by poor market performance as investor withdrawals continue
By City AM
The asset manager suffered from a significant hit to its investments and market performance over the quarter, as the firm continued to integrate its recent acquisitions
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Inflation remains stubbornly high at 2.6 per cent in March
By City AM
The year-on-year increase in consumer price inflation (CPI) was lower than the 2.7 per cent figure forecast in a Bloomberg poll of economists
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Grant Thornton's revenue climbs to £724m, bolstered by Cinven PE deal approval
By City AM
The deal, first announced in November, sees Grant Thornton become the largest º£½ÇÊÓƵ professional services business to take external equity investment.
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Inicio AI secures £2.6m funding round
West Midlands
Company is planning to use fresh injection of capital to expand product range and make new hires
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De La Rue shares skyrocket 17% after it agrees to £263m takeover deal
By City AM
The board of De La Rue has agreed to a 130p a share offer from US private equity giant Atlas Holdings, sending the banknote printer's share price up 17 per cent
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S&U shares drop as annual profits dented by motor finance scandal
By City AM
S&U saw pre-tax profit for the financial year ending January 31 2025 fall to £24m, compared to £33.6m in the previous period.
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Lenders failing bereaved customers as FCA says they are 'unclear' on policy
By City AM
The Financial Conduct Authority has said lenders are failing bereaved customers as they are unsure about policy, with a multi-firm review finding that firms are unable to meet their own standards
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US dollar on the longest losing streak since 2015 as de-dollarisation fears grow
By City AM
The US dollar has fallen for a fifth straight day as markets continue to reassess the currency's position in the global economy
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Accountancy firm launches new base in Birmingham
West Midlands
HB&O can trace its roots back to 1924 but this is the first time it has ever had a presence in the city
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Investors pile into gold as Trump's tariff turmoil continues
By City AM
The price of gold has climbed to another record high, as anxiety around Donald Trump's tariff plan and a falling dollar push investors into the traditional safe haven asset
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Principality Building Society makes long-term commitment to high street presence
Finance
It said has made an commitment to at least the end of 2030
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Nikhil Rathi secures another five-year term as FCA chief amidst º£½ÇÊÓƵ regulatory overhaul
By City AM
Nikhil Rathi has been reappointed by the Chancellor to serve another five years as the boss of the FCA, the º£½ÇÊÓƵ's largest financial watchdog
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City analysts downgrade luxury stocks as impact of Trump tariffs filter through
By City AM
Deutsche Bank has downgraded the share price for luxury companies Richemont, LVMH, Moncler and Kering, as the impact of Trump's tariffs starts to filter through
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Former Bank of England policymaker says 'hold' rates at 4.5 per cent in May
By City AM
Jonathan Haskel, a former member of the Bank of England's Monetary Policy Committee, has said rates should be kept on hold - despite deflationary effects from Donald Trump's tariffs
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