Revolut profit booms after poaching record customers from high street banks March 24, 2026 Revolut revealed a major boom in its bottom line on Tuesday morning after the fintech giant poached a record amount of customers from its high street rivals. The $75bn digital banking titan posted a 57 per cent surge in group-wide profit to £1.7bn. It came as retail customers expanded by a record 16m as the [...]
Starr Completes Acquisition of IQUW Group March 23, 2026 Creates a stronger, more diversified global specialty platform
Fortress prepares to offload Majestic Wine March 21, 2026 The owner of Britain’s biggest specialist wine retailer are drawing up plans to offload the retailer nearly seven years after its operations were bought out of its London-listed company. Fortress Investment Group is in the early stages of preparing to launch a sale of Majestic Wine, which it took control of in 2019, according to [...]
Bank of England rebuffs calls to speed up ‘shadow banking’ stress test March 19, 2026 The Bank of England has rejected calls to speed up its inaugural stress test of the private credit industry, despite growing fears that a downturn in so-called shadow banking may pose a systemic threat to the global financial system. In a letter to the House of Lords’ Financial Services and Regulation Committee seen by City [...]
DFS defies wet weather to double profit March 19, 2026 Furniture retailer DFS almost doubled its half-year profit despite recording lower shop footfall as wet weather dampens sales across retail. The London-listed company recorded a £30m profit in the first half of this year, almost double the £16m recorded the year prior, as revenue grew by nine per cent to £548m. The wet weather has [...]
Bribing firms to hire us is an insult to young workers like me March 19, 2026 The government’s plans to subsidise companies to hire young workers is a sticking plaster over the self-inflicted wound that is youth unemployment, says Oliver Dean Pat McFadden, the Secretary of State for Work and Pensions, recently announced that the government will launch a £1bn scheme to shift young people away from unemployment and welfare and [...]
Gousto founder: Rise of weight-loss jabs ‘a depressing state of affairs’ March 19, 2026 Gousto founder Timo Boldt is on a mission to make the UK’s food system healthier. But in a world of weight-loss jabs – and after a succession of failed government initiatives – Ali Lyon asks whether he is fighting a losing battle. What goes into the most moreish hamburger on earth? Ask the owners of [...]
Greene King to put 150 pubs on chopping block March 18, 2026 Pubs giant Greene King is considering selling 150 of its pubs and offloading dozens more to franchisees, as its managing director quits. The pub operator, which has 2,500 premises in the UK, has said it will put around 300 of its managed pubs into a separate unit – with 150 of these intended for sale [...]
Ramsdens shares rocket as pawnbroker cashes in on gold boom March 18, 2026 Shares in pawnbroker Ramsdens rocketed as it looked poised to take advantage of gold prices, inflated by the Iran war, by taking as much as £28m this year. The firm’s share price soared by more than ten per cent on Wednesday, to 404p, leaving it up more than four per cent in the year so [...]
City AM Awards 2026: Meet the Finalists March 18, 2026 And the nominees are…. Personality of the Year Greg Jackson CBE The entrepreneur and CEO of Octopus Energy has become one of the UK’s most prominent business leaders, known for his straight talking and punchy views across a range of topics including UK entrepreneurship, the business environment, capital markets and, of course, energy. In August [...]