Nationwide CEO: No plans for more big acquisitions after £2.9bn Virgin Money deal May 23, 2024 The chief executive of Nationwide has said the lender is not considering any more big-ticket acquisitions, with Britain's largest building society already busy enough finalising its £2.9bn takeover of Virgin Money.
GPE to raise £350m to invest in London’s ‘attractive’ commercial property market May 23, 2024 GPE has launched a £350m rights issue along with its full-year results, which were published today.
Microsoft chief: UK tech sector must ‘act assertively’ to stay ahead of global rivals May 22, 2024 Microsoft's UK boss has urged the nation's tech sector to "act assertively" and embrace artificial intelligence technology in order for the UK to stay ahead of international competition.
Virgin Money shareholders approve £2.9bn Nationwide takeover despite analyst warnings May 22, 2024 Virgin Money shareholders have given the green light for the bank to be acquired by Nationwide for £2.9bn, paving the way for the UK's biggest banking merger since the financial crisis.
Why this year’s London Tech Week looks set to be the biggest ever May 22, 2024 During London Tech Week, speakers from the government and across industry will focus on the topics du jour, such as the UK's AI ambitions.
Jefferies and Investec poach top investment bankers from Citi May 22, 2024 Wall Street giant Jefferies and South African group Investec have poached two top investment bankers from rival Citigroup to bolster their UK operations.
Losses slashed at The Very Group after major investment May 22, 2024 The Very Group said it has "delivered a resilient performance despite market pressures" as its losses were slashed.
Court of Appeal denies Tom Hayes’ Supreme Court bid, but certified points leaves the door open to apply directly May 21, 2024 Former Libor trader Tom Hayes application to take his case to the highest court in the UK was refused by the Court of Appeal
Vitesse: London insurtech lands £73m funding round led by US private equity giant KKR May 21, 2024 London-based insurtech Vitesse has secured a new $93m (£73.2m) funding round to support its expansion in the US.
Will TSB be the next challenger bank to go up for sale? May 20, 2024 A potential sale of TSB Bank is back in focus as its Spanish parent company Sabadell grapples with a rare hostile takeover attempt by larger domestic rival BBVA.