S&U shares jump as bank predicts profit ‘resurgence’ August 12, 2025 Shares in specialist lender S&U rallied as markets opened on Tuesday after the bank said its “resurgence in profitability” had begun to materialise. The London-listed firm’s stock was up over three per cent in early trading to 1,940. The jump came after the lender provided an upbeat trading update, anticipating building momentum for the second [...]
Vanquis swings to profit with recovery ‘on track’ August 7, 2025 Bradford-based lender Vanquis swung back into profitability for the first half of the year following on from a bruising period in the last 12 months. The bank recorded a profit before tax of £6.2m, compared to a £91.9m loss for the second half of 2024. Net interest income remained stable with one per cent growth [...]
Nationwide wins big in mass switch from FTSE 100 banks July 30, 2025 Nationwide has raided the customer base of Britain’s banking titans as current account switchers flocked away from legacy firms. The building society welcomed nearly 73,000 switchers in the first three months of the year, compared to 17,000 outflows, according to Pay.uk data. This comes after the mutual returned billions to customers in 2024, whilst the [...]
HSBC shares sink as impairment charge triggers 29 per cent profit hit July 30, 2025 Europe’s biggest lender HSBC suffered a 29 per cent annual hit to profit in the second quarter of the year after a hefty impairment charge related to business in China. The FTSE 100 juggernaut posted a $6.3bn (£4.72bn) pre-tax profit, missing analyst expectations of $6.99bn. This came as the lender recorded a $2.1bn write-down for [...]
Motor finance: ‘Nothing is certain’ as banks await historic ruling July 30, 2025 The Supreme Court will hand down what could be the “most consequential ruling for lenders” in recent history on Friday in the dramatic culmination of the motor finance saga. In a twist, the highest court in the land surprised the market last Friday evening after updating its system with the information that it will announce [...]
Barclays joins FTSE 100 peers in warning against bank tax hike July 29, 2025 Barclays has become the latest banking giant to send a firm warning to Rachel Reeves to avoid bank tax hike as the Chancellor scrambles to maintain her wafer-thin fiscal headroom. The FTSE 100 giant’s boss CS Venkatakrishnan, known as Venkat, said the government’s mission for growth would not align with slapping a tax increase on [...]
Barclays investment bank powers £1bn profit jump in first half July 29, 2025 Barclays rounded off the first half of 2025 with a major bump in profit as its all-important investment banking arm rallied on global markets turmoil. The FTSE 100 bank delivered a 28 per cent increase in profit before tax as it topped £5.2bn for the first six months of the year. The firm’s investment bank [...]
Barclays battles to take down scam impersonation website July 16, 2025 Barclays has battled to take down a scam impersonation website that could have stolen millions from its customers. The website, which called itself “Barclays Finance”, featured the Barclays logo and included “Barclays” in its domain name, was identified by City AM on Monday and claimed to be able to process money transfer payments on behalf [...]
Saga shares jump after revealing banking tie-up with Natwest June 24, 2025 Shares in over-50s group Saga rose on Tuesday after the firm revealed it was in “final negotiations” with FTSE 100 juggernaut Natwest for a banking partnership. The London-listed company quickly climbed three per cent in early trading to 176.80p. The firm posted the update ahead of their AGM on Tuesday, confirming it had “agreed heads [...]
Challenger banks scout exit routes as giants circle Metro and TSB June 19, 2025 Analysts are pencilling in a fresh wave of banking deals with challenger banks set for a market departure. Moody’s analysts have said challenger banks will “seek exit after weak performance” as industry juggernauts set their sights on ramping up their market share. Takeover talk has gripped the City after reports Shawbrook’s private equity owners were [...]