Virgin Money swallowed up by Nationwide as top boss exits Banking The boss of Virgin Money is set to depart the firm later this years as the UK bank fully consolidates into the Nationwide umbrella. Chris Rhodes took the reins at Virgin Money following its acquisition by Nationwide in late 2024. Before this post, Rhodes served as finance boss at the UK’s largest building society for [...]
Motor finance compensation to ‘to fire starting gun’ on banking M&A Banking The financial watchdog’s long-awaited motor finance redress scheme is predicted to “fire the starting gun” on a wave of deals throughout the banking sector. The Financial Conduct Authority (FCA) launched the final rules for its redress programme on Monday, with the bill for lenders expected to come in at just north of £9bn, down from [...]
Boku boss: Nasdaq is no ‘silver bullet’ for fintech listings Fintech The boss of one of the London market’s fastest growing fintech companies has warned flocking to a listing on Wall Street is no “silver bullet” for firms seeking deeper liquidity than what’s on offer in the City. Stuart Neal, the chief executive of Boku, told City AM shifting the firm’s listing across the Atlantic would [...]
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 [...]
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 [...]
Monzo snaps up UK mortgage broker in first major acquisition December 16, 2025 UK fintech Monzo has made its first major acquisition with a deal to snap up a digital mortgage broker in a bid bulk up its “all-in-one” superapp. The digital bank announced on Friday it had snapped up Habito, a fintech firm which uses tech to accelerate the home-buying process with free online advice. The deal [...]
Starling revs up Engine with City hiring spree December 16, 2025 Starling is motoring into 2026 with its foot firmly on the pedal, injecting a fresh pump of gas into the group’s technology arm. The UK fintech veteran is planning to shift its software-as-a-service (Saas) banking platform into top gear with a major hiring spree across London. The platform, known as Engine, is a subsidiary of [...]
Paragon Banking chief eyes acquisitions after capital boost December 3, 2025 The boss of Paragon Banking Group has acquisitions in mind after the lender received a major tailwind from regulatory reforms this year. Nigel Terrington has said the loosening of banks’ capital requirement rules, known as MREL (minimum requirement for own funds and eligible liabilities), will open up further growth prospects for mid-cap lenders. The boss [...]
Princes shares jump as boss of tinned tuna giant eyes M&A spree November 11, 2025 The boss of Princes Group has laid the foundations for future deals after the firm’s admission to the London Stock Exchange helped build up its “firepower”. Simon Harrison, chief executive of Princes, said the listing marked a “milestone period” for the group and created “exciting opportunities to pursue value accretive mergers and acquisitions, in line [...]