Monzo: The rockstar fintech setting the City abuzz June 3, 2025 Monzo has dominated City chatter in recent months with its hotly anticipated IPO, and now the fintech unicorn’s latest financial results indicate the talk is only going to get louder. The UK fintech veteran broke another milestone in the last 12 months after topping £1bn in annual revenue. Behind the surge in takings was a [...]
Can Cazoo go from collapse to Auto Trader’s ‘undisputed’ rival? June 2, 2025 Cazoo can double in size over the next couple of years and become the undisputed number two to FTSE 100 giant Auto Trader, the man charged with its phoenix-like recovery has said. Barry Judge, who helped rescue the brand after it collapsed in May 2024, added that the company is working on winning back the [...]
Vodafone completes £15bn Three mega-merger with major pledge June 2, 2025 FTSE 100 giant Vodafone has vowed to invest as much as £1.3bn in network infrastructure over the next 12 months after completing its blockbuster £15bn merger with British rival Three. The capex commitment is part of a pledge to invest £11bn over the next decade by the combined entity, which will be called VodafoneThree and [...]
FRC: We will take an axe to City stewardship code, says boss June 1, 2025 The Financial Reporting Council (FRC) plans to take the axe to a key City code that governs how shareholders should hold companies to account. The UK Stewardship Code was created following the 2008 financial crisis to address fears that shareholders had failed to adequately police risk-taking. Signatories are required to publicly report on their stewardship [...]
Vets complaints service for pet owners ‘completely unjust’, says consumer body May 30, 2025 Britain’s pet owners are being underserved by the vet industry’s complaints service, according to a leading consumer body. Which? found that the complaints process is “often stacked against pet owners”, with owners put off making a complaint and limited help for those that do. The findings come amid a watchdog probe into the vet sector, [...]
Starling Bank: The rise and fall of a fintech darling May 30, 2025 Over a decade ago three fintechs entered the banking scene and set their sights on reshaping its landscape. Starling, Monzo and Revolut rapidly expanded as they leveraged modern tech to streamline banking operations, enhance consumer experience and disrupt traditional financial models. The trio of fintech darlings ballooned customer bases in record numbers. But as two [...]
UK fintech Starling’s profit tumbles as regulatory failings linger May 28, 2025 UK fintech veteran Starling recorded a drop in annual profit for the financial year as it battled with a more competitive fintech landscape and mounting costs. The neobank recorded £223m in pre-tax profit, which was down from £301m the previous year. This came as operating costs ramped up to £403m, from £332m, helping offset modest [...]
Pets at Home: Demand for vet services soars May 28, 2025 Pets at Home has reported flat year-on-year revenue, with a starkly diverging performance in retail sales and veterinary services. Underlying profit before tax in retail fell by 16.6 per cent year on year to £72.9m, while underlying profit before tax from the company’s vet arm grew by 23.3 per cent year on year to £75.9m [...]
Oxford Street rebounds to pre-pandemic occupancy as firms bet on shops May 27, 2025 Shop vacancies on Oxford Street have fallen below one per cent for the first time since the pandemic as brands compete for best-in-class retail space. Overall shop vacancies on Oxford Street fell to 0.5 per cent in the first quarter of the year, the first time the figure has fallen below one per cent since [...]
London vs New York: Who will win the fintech IPO war? May 24, 2025 A battle with New York awaits as Rachel Reeves sets her eyes on London fintech IPOs. The Chancellor has courted top fintech darlings in her attempt to boost listings on the London Stock Exchange (LSE) as a fleet of firms are flirting with floating in the near future. Monzo is reportedly consulting with investment bankers on [...]