Revolut investors eye $100bn price tag in push for new share sale February 25, 2026 Revolut is weighing a fresh secondary share sale in the second half of 2026 as investors at the fintech giant hope to secure the $100bn price tag ahead of its highly-anticipated public debut. The London-born digital bank is in early talks over a transaction that would give new investors the opportunity to buy into the [...]
Russia’s economy ‘in stagnation’ as war takes toll February 24, 2026 Russia’s economy has “moved into a period of stagnation” after initial war efforts boosted output in the country, amid growing hopes in the West that further sanctions have been successful in limiting its growth. Four years on from the start of President Vladimir Putin’s full-scale invasion of Ukraine, economists have flagged the threats faced by [...]
Ukraine invasion anniversary prompts fresh Russia Paralympics ban calls February 24, 2026 Calls for the ban on Russian Paralympians to be reinstated have heightened as the invasion of Ukraine marks its fourth anniversary. The Winter Paralympics is set to begin next week, days after today’s conflict anniversary, with the International Paralympic Committee admitting 10 Russian and Belarusian athletes despite Western outcry. Officials representing host country Italy have [...]
Revolut: Inside Nik Storonsky’s $75bn fintech empire still waiting for its crown February 24, 2026 In Revolut’s shiny new Canary Wharf headquarters, the command ‘Get Sh*t Done’ is bolted onto the walls. The unconventional office mantra is a stark reminder of co-founder Nik Storonsky’s acerbic, straight-talking manner that has kept the gas pumping at the UK’s most valuable fintech since it opened for business in 2015. “Whenever a target is set, [...]
Labour MPs: Britain must help establish a World Bank for defence February 20, 2026 MPs Alex Bailey, Calvin Bailey and Luke Charters make the case for why Britain should help establish an international defence bank.
Global Counsel to be placed into administration February 19, 2026 Global Counsel’s 130 staff have been informed that the lobbying company founded by Peter Mandelson will be placed into administration as soon as tomorrow. City AM understands that despite a number of clients deciding to stay with the firm, the loss of business following the former US ambassador’s fall from grace has been substantial. A [...]
British Gas owner shares tumble after buyback was paused February 19, 2026 London-listed energy giant Centrica shares plunged nine per cent on Thursday morning after the group paused its share buyback programme in the face of a major earnings hit. The owners of British Gas reported lower 2025 earnings than in the previous year, but the group says it was resilient in a challenging market. The group’s [...]
IOC looks tin-eared at best, cruel at worst over Ukraine helmet saga February 19, 2026 The reputations of the IOC and its president Kirsty Coventry have suffered badly from its handling of the Ukraine helmet row at the Winter Olympics, says Ed Warner. Are you not entertained? The Winter Olympics have delivered stories ranging from the titillating (penile injections, condom shortages and a narcissistic declaration of infidelity) to the enraging [...]
Russians at Paralympics opens door for LA28 Olympics return, expert warns February 18, 2026 Allowing Russian athletes to compete in the Paralympics under their national flag opens up the same opportunities at the next Olympic Games, according to geopolitical experts. Six Russian and four Belarusian athletes will be able to compete under their native flags at the upcoming Paralympic Games in Milan after the International Paralympic Committee lifted its [...]
Winter Olympics 2026: How insurance keeps Milano Cortina on track February 17, 2026 Every four years, the world’s greatest athletes fight to take gold, but it’s the unseen safety nets, drafted by insurers, that keep the Winter Olympics running smoothly. German-based Allianz became the exclusive insurance partner of the International Olympic Committee (IOC) in 2021, with coverage until the 2032 summer games in Brisbane, under the oversight of [...]