HSBC writes off stake in former UK fintech darling Monese October 1, 2024 HSBC has written off its holding in British fintech Monese just two years after taking a $35m stake in the firm.
EY appoints veteran Anna Anthony as new UK boss October 1, 2024 Big Four firm EY has appointed Anna Anthony as its next UK and Ireland regional managing partner, replacing Hywel Ball
Playtech upgrades guidance as B2B business grows amid Snaitech sale September 30, 2024 Gambling software firm Playtech has upgraded its guidance due to growth in its business-to-business arm grows, and said it will deliver €1.7bn (£1.42bn) to shareholders via the sale of Snaitech. Adjusted earning before interest, tax, depreciation and amortization (EBITDA) in the six months ended 30 June rose 11 per cent to €243m (£202m), driven by [...]
Clearbank eyes flurry of new products amid ‘huge demand’ for fintech September 30, 2024 ClearBank is eyeing up a string of new business lines after hitting profitability and taking its first steps towards international expansion.
With London IPOs on the wane, the private equity market needs to stay competitive September 27, 2024 Private equity deals have gone through a rocky patch but there is still plenty of capital looking for a home, says Edwin Richards Whilst popular in decades gone by, the age of the conglomerate has long been over. Most investors want to decide which sectors they invest in and want to be associated with champions [...]
Raspberry Pi shows London’s public markets are still sweet September 24, 2024 Investors woke up to a sweet surprise from Raspberry Pi on Tuesday, as the computer maker’s first post-IPO report topped expectations. The British tech darling posted a 47 per cent rise in gross profit and a 56 per cent growth in adjusted earnings (EBITDA) for the first half of the year, driven by the sale [...]
High-tax, high-spend and little reform: Reeves’ plan is tried and failed September 24, 2024 Reeves says the UK public can trust Labour with its money, but her plan is just a reheated version of one we've already tried over and over again, writes Elliot Keck.
Hugo Boss: Profit slashed in ‘year of investment’ as sales dip from record high September 23, 2024 Profit at the UK arm of Hugo Boss was slashed by almost 50 per cent in a “year of investment” as its sales fell back from a record high, it has been revealed. The London-headquartered arm has reported a pre-tax profit of £16.8m for 2023, according to newly-filed accounts with Companies House, down from £30.4m [...]
The Capitalist: The Lord Mayor’s (self-funded) clothes; Old Street Non-Roundabout slammed; Tories party; and Clegg gives advice September 19, 2024 A look into the Lord Mayor's wardrobe, Old Street's new "non-roundabout" and Nick Clegg dishes out some career tips in this week's diary.
Revolut readies for India launch in 2025 amid aggressive expansion September 17, 2024 Revolut is planning to launch in India next year, targeting top-tier consumers in the world’s most populous nation as part of aggressive expansion efforts. The London-based banking app is eyeing up a slice of India’s lucrative fintech market, which serves millions of consumers within its growing middle class who previously had limited access to financial [...]