Zopa Bank’s profit booms despite ‘penalised’ motor finance hit Fintech Zopa Bank cruised to its third consecutive year of profitability in 2025 but has offered a stark warning it feels “penalised” by the UK’s financial watchdog after getting swept up in the motor finance scandal. The Canary Wharf fintech has set aside £7.9m in provisions for the car mis-selling saga, which centres around the use [...]
Vanquis boss defends scrapping dividend as bank swings to profit Banking The boss of Vanquis Bank has said he makes no apologies for a “conservative” approach to capital distribution as he launched a staunch defence of the group’s decision to axe its dividend for the second consecutive year. Ian McLaughlin, who took the helm at Vanquis in August 2023, said the bank’s “number one priority” was [...]
Lions profit share gives players buy-in and shows the future of rugby Sport Business British and Irish Lions players will be hoping that the MCG gets close to capacity for Saturday’s second Test against Australia – and not just for the sake of a good atmosphere. This tour is the first in which Lions players will receive a share of profits, a move expected to bump their pay up [...]