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 [...]
Procook serves up return to profitability promising sustained growth Retail Kitchenware maker Procook has said it "plans to accelerate profitable growth over the medium term" thanks to the strategic inroads and trading "momentum" borne out in its full year results in which the firm returned to profitability.