Profit soars at Supreme thanks to growing demand for disposable vapes July 2, 2024 Vape-maker Supreme has lauded an "outstanding" financial performance that saw profitability at the Aim-listed firm almost double in the space of a year despite a "challenging" backdrop, prompting it to announce a bumper dividend.
Private fund manager Mercia gears up for boost from Mansion House Compact July 2, 2024 Mercia Asset Management has said it plans to reclassify as a trading company and cease to be an investing company as the firm focuses on its profitable funds under management.
Brits flock to cash ISAs as tax hikes bite July 2, 2024 Households deposited £4.2bn into cash ISAs during May, the highest figure for the month. It followed a record-breaking April, which saw a net inflow of £12.3bn.
‘Nobel prize of engineering’ finalist Sunamp to raise Series B as it mulls public offering July 2, 2024 An innovative battery firm nominated for the "nobel prize of engineering" is set to raise a Series B funding round in a few months with a future IPO becoming an increasingly "realistic proposition", its boss has said.
Revolut books record profit on higher interest rates and surge in users July 2, 2024 A major boost to Revolut's profitability would come from a UK banking licence, allowing it to offer products like mortgages and credit cards in its home market - where it recently hit nine million customers.
Motor finance test cases against Close Brothers and Firstrand head to Court of Appeal July 2, 2024 A test case containing three cases relating to motor finance commission will be heard at the Court of Appeal this week.
XRP Ledger Apex 2024: uniting innovators and investors in Amsterdam July 2, 2024 I had the pleasure of spending a few days with the "XRP Army" in Amsterdam during XRP Ledger Apex 2024 a few weeks back.
Legal battles continue to dominate crypto conversations July 2, 2024 Once again it was not the technology at the centre of attention over the past few days. Instead, the talk of the day is what a major Supreme court decision will mean for the future of crypto in the US.
UK high street faces shareholder backlash over low pay July 2, 2024 UK high street shops like Sainsbury’s, Marks & Spencer and JD Sports are facing a shareholder backlash after failing to commit to pay all their staff and third-party contractors a real living wage. Big financial names backing a campaign against low pay include LGIM, HSBC Asset Management, Aviva, and Scottish Widows. In total, the institutions [...]
Double-digit boost for City law firm Osborne Clarke as it beats revenue target July 2, 2024 City-headquartered law firm Osborne Clarke international revenue jumped to €525m (£445m), beating its €500m target