Gocardless axes 90 jobs as UK fintech targets profitability Fintech UK fintech Gocardless has taken the chop to its workforce as the firm sets its sights on breaking into the black in the new financial year. The London-based firm, which specialises in bank-to-bank payment solutions, said it had made a redundancy provision for around 90 roles in the year ending 30 June 2025. This led [...]
Natwest sells HR advisory arm in latest structure overhaul Banking Natwest has sold its human resources advisory arm to a private-equity backed rival in the latest deal by the banking giant on the road to streamlining its operations. The FTSE 100 titan has offloaded Mentor – its small business HR support service – to Empowering People Group, a specialist HR service backed by Limerston Capital. [...]
Federal Reserve orders Oaknorth to set up UK holding firm Regulation Digital bank Oaknorth has been ordered by the US financial watchdog to switch its domicile to the UK to get the green light on its takeover of a Michigan-based bank. The small business lender is exploring plans to establish a new UK holding company as a way to seal the deal on its acquisition of [...]
UK fintech Zempler Bank snapped up for less than half previous valuation February 12, 2026 London-based fintech Zempler Bank has been snapped up by Nigeria’s biggest bank in a deal that has slashed the firm’s valuation, City AM can reveal. The small business lender – formerly known as Cashplus – has been acquired by The Access Bank UK with a price tag of around £3.45p per share. The sale represents [...]
Why Natwest splashed the cash for a slice of the wealth management pie February 10, 2026 Natwest has opened its wallet for its biggest deal since the financial crisis, as the bank revives its appetite for acquisitions after the remaining government-owned shares in the business were finally sold. But after the FTSE 100 firm watched its share price sink into the red on Monday, will there be a sense of buyer’s [...]
Santander takes jab at City watchdog as motor finance bill balloons February 4, 2026 Santander has took another major swipe at the City watchdog after the banking giant hiked its provisions for the motor finance scandal. As it reported full-year results, the bank said its bill for the car mis-selling saga had reached £461m, building on a previous £295m provision. It follows the bank’s UK arm missing its third-quarter [...]
Irn-Bru maker shares jump after snapping up soft drinks rivals for £50m February 3, 2026 The drinks merchant behind Irn-Bru is forecasting a major boost to profit for the latest financial year after the firm stripped back costs and snapped up a pair of its soft drink rivals. AG Barr, which owns brands such as Boost, Funkin Cocktails and Rubicon, told markets it had sealed a near-£38m deal to buy [...]
CAB Payments rejects ‘highly opportunistic’ Helios takeover bid February 2, 2026 London fintech CAB Payments has pushed back against another takeover proposal from African-focused private investment giant Helios. The firm – which was behind the “worst IPO of the year” in 2023 – has said the increased takeover proposal from a consortium led by Helios Investment Partners was “highly opportunistic” and undervalued the company’s future. Helios [...]
Fitzwalter backs off Auction Tech after hostile bidding campaign February 2, 2026 Investment giant Fitzwalter has backed off Auction Technology Group after a hostile campaign between the two led to 13 different takeover attempts of the latter. The London-headquartered said on Monday ATG’s Board had unanimously rejected its proposed offer of 400 pence per share. The offer sat above the UK market median for similar cash transactions [...]
UK fintech Zilch eyes deals spree on march towards public debut January 7, 2026 Consumer payments giant Zilch is eyeing more deals after snapping up a Lithuanian challenger bank ahead of its long-awaited public debut. The UK fintech has acquired Fjord Bank, helping it to secure a European banking licence and accelerate overseas plans. “We needed a regulatory umbrella that would allow us to go and move really fast [...]