UK success for Jack Dorsey’s payments giant Square September 24, 2024 Sales at the UK arm of payment services provider Square, which is led by Twitter founder Jack Dorsey, jumped by more than £20m during its latest financial year. The London-headquartered division has reported a turnover of £64.9m for 2023, up from the £43m it achieved in 2022, according to newly-filed accounts with Companies House. The [...]
London edges closer to New York in battle for financial centre top spot September 24, 2024 London is closing in on New York for the title of the world's top financial centre, according to a survey by an influential think tank, as the capital pulled away from its European rivals.
LSL: Mortgage and valuation giant bounces back on restructure and activity picking up September 18, 2024 LSL Property Services, one of the largest providers of mortgage and valuation services, has reported significantly improved results due a company restructuring and improved sentiment in the housing market. Revenue rose by 18 per cent year on year, from £72.5m to £85.4m, while underlying profit rose by 354 per cent year on year, from £3.2m [...]
Fintel warns of lower full-year earnings after acquisition spree September 17, 2024 Financial services support provider Fintel posted revenue and earnings growth in its half-year results for the six months ended 30 June 2024. Still, it warned of lower full-year earnings following an acquisition spree this year. The AIM-listed company posted total revenue growth to £35.7m for the first half of 2024, up 13 per cent year [...]
Move over London – regional cities are leading the financial services jobs boom September 12, 2024 New data has revealed the huge impact that regional cities in the UK have had in driving growth in the financial services sector, with more than half of all jobs created outside London. The research by industry body The City UK found that of the 354,000 jobs created within the sector between 2012 and 2022, more [...]
Getbusy: Productivity software firm’s shares sink as growth slows September 3, 2024 Shares in productivity software provider Getbusy plunged nearly 11 per cent on Tuesday morning after it disappointed investors with its half-year results. Annual recurring revenue (ARR) grew less than £1m in the first six months of 2024 to £21m and net cash tumbled to £0.2m, down from £1.7 last year, which Getbusy said reflected “a [...]
Craneware spies ‘increased opportunity’ from Microsoft partnership September 3, 2024 Software and IT company Craneware said it sees “increased opportunity ahead” as it posted solid full year results on Tuesday, ahead of expectations. The Scottish company, which provides software to American healthcare organisations, beat forecasts as revenue rose to $189.3m (£144.3m) in the year to 30 June 2024, up nine per cent from $174m (£133m) [...]
Ramsdens: Pawnbroker ups guidance on high gold price August 6, 2024 Pawnbroker Ramsdens reported good trading momentum in its third quarter, with profit before tax expected to come in ahead of expectations, mainly thanks to higher gold prices. The company said it expected profit to rise eight per cent this year, from £10.1m in 2023 to £11m. Revenue was helped by the high gold price, which [...]
Britain’s EU summit is Starmer’s chance to prove he champions the City July 18, 2024 Britain's EU summit is a welcome step, but the City and its industries must be at the forefront, writes Michael Cole-Fontayn.
Nine in 10 financial firms expect to perform well over next year despite economic challenges June 24, 2024 Almost nine in 10 financial services firms are confident they will perform well over the coming year, data shared exclusively with City A.M. suggests, although economic pressures remain a leading concern ahead of the general election on 4 July.