UK house prices see modest growth amid London slump February 18, 2026 UK house prices ticked up last year, but the London market continued to lag after property tax speculation and high mortgage rates constrained affordability. The average UK house price increased by 2.4 per cent annually in December 2025, slowing from 2.8 per cent growth in the year to November, according to the latest data from [...]
UK house prices stall in February after record January surge February 16, 2026 The average asking price of a house dipped by just £12 in February, pausing after the largest January jump recorded in Rightmove’s 25-year history. New listings coming to market this month are priced at an average of £368,019, compared with £368,031 in January, according to the property giant. The marginal month-on-month change follows a £9,893 [...]
UK fintech Zempler Bank snapped up for less than half previous valuation February 12, 2026 London-based fintech Zempler Bank has been snapped up by Nigeria’s biggest bank in a deal that has slashed the firm’s valuation, City AM can reveal. The small business lender – formerly known as Cashplus – has been acquired by The Access Bank UK with a price tag of around £3.45p per share. The sale represents [...]
TSB’s profit soars ahead of Santander takeover February 6, 2026 Profit at high street lender TSB soared in the latest financial year as the bank slashed costs ahead of its landmark takeover by Santander. TSB’s pre-tax profit hit £350.4m in 2025, a 20.7 per cent jump from the year prior. The growth was fuelled by rising income streams and falling costs, even as the bank [...]
Nationwide reigns supreme in bank switch war as Santander falters January 29, 2026 Nationwide maintained its top spot in the tussle for current account switchers in the third quarter of 2025 as the mutual sweetened its offer for new joiners. The building society – which was slapped with a £44m fine in December for failing to flag Covid fraud – secured a net gain of 41,450 switchers after [...]
Optimism picking up after ‘disruptive’ Budget, says Paragon chief January 27, 2026 Optimism in the UK is beginning to pick up, the boss of FTSE 250 lender Paragon has said, after sentiment was dampened by rampant tax speculation in the second half of 2025. Nigel Terrington, the boss of Paragon bank, told City AM that despite it being the early days of 2026, the mood was beginning [...]
HSBC seals $300bn price tag as FTSE 100 banks rally January 27, 2026 Shares in Britain’s banking giants were helping lift the FTSE 100 out of the red this morning as blue-chip lenders rallied ahead of earnings season. HSBC topped the index’s risers with a gain of nearly three per cent to 1,278.20 – an all-time high for Europe’s largest lender. The rally came after Citigroup raised the [...]
Bank bosses brace for interrogation in FTSE 100 lenders’ earnings season January 21, 2026 Britain’s banking heavyweights are gearing up to report full-year earnings with top bosses set to face the crunch on the progress of their overhaul strategies. Lloyds chief Charlie Nunn will be the first of the City’s top bankers to go under the microscope when the FTSE 100 giant releases its annual report on 29 January. [...]
Could this be the weirdest London IPO in 2026? January 15, 2026 What do you think the weirdest London IPO of the year could be? Take a moment to think about it. And now, let me tell you why you’re wrong. I have the answer. It’s a firm called Hybrid Air Vehicles, a company that makes airships. Yes, airships. If you thought – as I did – [...]
Legacy banks must ‘radically modernise’ or lose to fintech stars, says former Barclays boss January 1, 2026 A decade ago, Antony Jenkins was ousted from his role as chief executive of Barclays and months later warned the banking sector was reaching an “Uber moment”. Jenkins declared technology would be an “unstoppable force” in the banking sector and could lead to hundreds of branch closures and potentially slash the industry’s workforce by half. [...]