British Gas owner Centrica reports jump in profit and calls for market shake-up February 24, 2022 Energy giant Centrica said it needs to see “significant change” to address underlying issues in the UK’s energy market today as it reported it had weathered the energy crisis so far, with a 112 per cent profits boost in 2021.
Exclusive: Beckham-backed electric vehicle startup hits $200m valuation February 24, 2022 An ‘upcycled’ electrical vehicle startup backed by David Beckham has hit a $200m valuation today, as it closed a private funding round to pump into a major manufacturing facility.
Open banking’s ‘spaghetti soup’ of regulators needs streamlining, says boss February 24, 2022 The boss of the UK’s open banking body has called for the “spaghetti soup” of regulators overseeing the technology to be streamlined, as fintech firms increasingly push to accelerate its roll out.
Co-operative Bank calls in top bankers to explore takeover bids February 23, 2022 The Co-Operative Bank has called in top investment bankers as it begins eyeing up potential acquisition targets and exploring a move to consolidate the UK’s mid-size banking market.
London digital ID firm scoops up $30m to accelerate US expansion February 23, 2022 A London-based digital identity firm has scooped up $30m from New York investment outfit Equable Capital as it looks to roll out of its identity fraud technology into North America.
GSK looks for covid jab approval as it prepares to spin off consumer arm February 23, 2022 GlaxoSmithKline and French drugmaker Sanofi have announced they are seeking regulatory approvals for their joint covid vaccine as the firms scramble to catch up with competitors after a series of delays.
Peel Hunt warns of profits slump as deal delays hamper performance February 23, 2022 Shares in British broker Peel Hunt plunged more than 13 per cent this morning after bosses said it expected full year profits to slump below expectations, as deal delays and a trading slowdown hampered performance.
HSBC profits double to £13.9bn as lender rebounds from pandemic slowdown February 22, 2022 HSBC has reported profits more than doubled last year as the lender recorded stellar growth across its divisions, driven by the release of expected credit losses stored up over the pandemic and a higher share of profits from the firm's associates.
Golden opportunity: Worried investors drive the rally February 22, 2022 Gold prices have rebounded this month, with the precious metal glittering in the gloom amid escalating tensions between Russia and the West.
Venture capital firm Backed launches €150m funds to back high-growth tech February 22, 2022 London-based venture capital firm Backed has unveiled two new €75m funds to tap into European high-growth tech firms, the firm announced today.
