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      Government debt repayment ‘could rise to half’ of total taxes

      OBR chiefs told the Treasury Select Committee that a higher tax burden could stifle growth.

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revenue growth

  • Revolut founder’s wealth set to balloon amid talks of share award at $500bn valuation

    Fintech

    The billionaire founder of Revolut is set to see his wealth balloon following reports of a pay package that would land him a major stock windfall if the fintech reaches a $500bn valuation. The digital bank, which is currently undergoing a secondary share sale seeking to value the firm at $115bn, is in discussions to [...]

    Revolut CEO Nik Storonsky speaking at a business conference, wearing a suit and tie, addressing financial innovation.
  • Revolut will become $1 trillion company by 2035, says early VC backer

    Fintech

    Revolut will secure a price tag of $1 trillion within a decade, an early backer of the fintech has claimed.  The digital banking juggernaut is in the midst of a secondary share sale at an expected valuation of $115bn and was last valued at $75bn in November 2025, when it landed investment from chip giant [...]

    Revolut London office glass facade with prominent R logo reflecting cityscape, highlighting modern fintech design
  • Sage accelerates AI expansion as revenue grows

    Tech

    Sage said it is accelerating the roll-out of AI across its product lines on Wednesday as it reported another quarter of double-digit revenue growth, fuelled by a boost in demand for its cloud accounting software. The FTSE 100 software company said revenue rose 11 per cent to £2.06bn in the nine months to 30 June, [...]

    Newcastle-based Sage began has kicked off a £400m share buyback.
  • Kennedys tops £450m global revenue as Middle East conflict helps drive growth

    June 10, 2026

    Law firm Kennedys has reported its 12th consecutive year of growth, surpassing £450m for the first time, with the Middle East conflict partly driving revenue. The City-headquartered firm, which specialises in advising the insurance sector, has generated £457m for the financial year 1 April 2025 to 31 March 2026, up from £428m in the previous [...]

  • SSP: Upper Crust owner’s shares surge after profit soars

    May 20, 2025

    Owner of Upper Crust bakery chain SSP Group grew across a number of business lines in its half-year report as revenue soared, despite some headwinds in Europe. The FTSE 250 firm recorded £45m in operating profit – up 20 per cent growth from the first six months of 2024. Shares soared nearly four per cent [...]

  • UK fintech Revolut expands lifestyle reach with mobile plans

    April 30, 2025

    Revolut is to offer mobile plans to customers as the UK fintech continues to diversify its product range. The Canary Wharf-based business is looking to enter the mobile market in the UK and Germany later this year before eying further market expansion. Revolut said its plans will include unlimited calls, texts and data at home, [...]

  • Deliveroo shares tick up after growth beats market expectations

    April 17, 2025

    Shares in food delivery firm Deliveroo rose by more than two per cent this morning after the company announced strong quarterly growth. Growth transaction value (GTV) – a measure of revenue – rose by nine per cent year-on-year in the first quarter, with order growth up seven per cent. International GTV also rose nine per [...]

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  • Martin Williams on his favourite Toast the City venues

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