Paypoint announced plans to buyback £20m worth of shares over the next year, with more to follow, after delivering a strong set of results in 2024. The payments provider reported …
June 2024
Profit jumps at pub group Fuller’s as City workers return
Pub group Fuller Smith and Turner recorded an “excellent year of progress” over the 52 weeks to 30 March as the group continued to recover from the pandemic and cost …
UK fintech champion Wise triples profit on swelling customer base
Money transfer firm Wise has more than tripled its annual profit on the back of historic interest rate hikes and a swelling customer base. The London-listed fintech reported a pretax …
What’s in Labour’s tech manifesto? Data centres, start-ups, AI and a national data library
Labour’s shadow science, innovation, and technology secretary has unveiled Labour’s manifesto for the UK’s tech sector, including relaxing planning policies for data centres, ramping up procurement support, toughening AI regulations …
Nvidia boss Jensen Huang declares new industrial revolution as AI stock keeps gaining
Nvidia chief executive Jensen Huang has declared, “We are at the beginning of a new industrial revolution” due to the surging corporate demand for artificial intelligence (AI) technology. The quasi-celebrity …
Banks struggle on compliance with staff Whatsapp bans as regulators dish out heavy fines
Investment banks are increasingly struggling to get workers to comply with bans on using Whatsapp for business communication, a new survey suggests, after a slew of heavy regulatory penalties. Nearly …
Pensionbee announces major milestones on path to expansion
Pensionbee announced today that its assets under administration (AuA) had climbed to over £5bn for the first time. The online pensions provider also said that it had reached over 250,000 …
Virgin Money warns of margin and cost pressures as Nationwide merger looms
Virgin Money has posted a rise in profit but warned of margin pressure and limited cost savings as it geared up for a mega-merger with Nationwide. The bank reported a …
Peel Hunt losses double but bosses predict rebound in London listing market
Losses at investment bank Peel Hunt more than doubled last year despite the lender predicting the first signs of a “recovery” in London’s barren IPO market. The London-listed lender said …
Can St Jude (Bellingham) save this lost cause? Tories hope for Euro 2024 success
RISHI Sunak and Tory candidates across England will be praying for a national morale boost when England play Serbia in the opening match of their Euro 2024 campaign this weekend. …