Will fintech banks survive falling interest rates? June 13, 2025 Fintech lenders have accelerated their swing to profitability after interest rates spiked. The UK’s neobanks pocketed record revenues in the last 12 months. Revolut’s takings grew 72 per cent topping £3.1bn. Meanwhile Monzo’s revenue hit £1bn for the first time. But this came as interest rates maintained a post-financial crisis high of 5.25 per cent [...]
Exclusive: Richard Caring hits suppliers with mandatory ‘discount’ amid £1bn sale talks June 12, 2025 The Richard Caring restaurant empire, which includes the Ivy Collection and Caprice Holdings, has demanded its suppliers take a 2.5 per cent “discount”, blaming “increased tax burden and cost of employment, cost of indirect products [and] services and also direct cost of food and beverage.” In a letter dated 3 June, signed by Richard Caring’s [...]
‘I accidentally locked one of the world’s richest men in a car park’: Symmie Swil on her career at Starling and Upvest June 12, 2025 Working at Starling, meetings with pandas, and accidentally locking one of the richest men in the world in a car park. Upvest's Symmie Swil takes us through her career.
UK economy shrinks more than expected in blow to Reeves June 12, 2025 The UK economy shrank more than expected in April, official data has shown, suggesting momentum built up in the beginning of this year has already worn away. New figures published by the Office for National Statistics (ONS) showing a 0.3 per cent contraction come off the back of a strong 0.7 per cent growth in [...]
London Tech Week day 3: Let’s use that NHS budget on tech June 11, 2025 From NHS waiting lists to global warming, if we get it right we can use technology to address our biggest challenges, writes Russ Shaw.
TfL gets £2bn – but no timetable for Bakerloo Line and DLR extension June 11, 2025 Transport for London (TfL) has welcomed a £2bn four-year funding settlement from the government as part of the long-awaited Spending Review. London’s transport operator had been pushing for a multi-year capital funding agreement similar to those at Network Rail and National Highways for years. The government said it is the largest settlement in over a [...]
Toast the City: London tour guide on his top hidden spots June 11, 2025 The Square Mile is the oldest and most storied part of London – but how much do you really know about it? As part of our first ever Toast the City Awards, we are celebrating the Green Spaces and Hidden Gems that make the City of London the special place it is. And who knows [...]
Premiership Rugby taps Raine and Deloitte as investors circle June 11, 2025 Premiership Rugby Limited (PRL) has engaged the Raine Group and Deloitte to manage potential investment in the competition or some of its clubs. Premiership Rugby is attracting inquiries from American investors looking to buy into English sport following the recent influx of purchasers of Premier League and EFL clubs, with interest expected to grow ahead [...]
I’ve dealt with gangsters and petrol bombs, but Nimbys are a bigger threat to nightlife June 11, 2025 As founder of the world’s biggest nightclub and a festival for 80,000 punters, Manchester’s night time economy advisor Sacha Lord has dealt with guns and petrol bombs. But he says the biggest threat he’s encountered is Nimbys trying to shut down festivals like Brockwell Live What qualifies me to write about Nimbys being nightlife’s biggest [...]
Reeves vows to ‘renew’ Britain as Tories say it’s just ‘borrow and spend’ June 10, 2025 Rachel Reeves is expected to focus on regional growth as she unveils £113bn in capital investment as part of her Spending Review on Wednesday. The Chancellor will outline some of the government’s key priorities and will pledge investment aimed at ensuring “people can see a doctor when they need one, know that they are secure [...]