Vanquis Banking Group has said it expects profit to come in “substantially lower” than analysts’ estimates in 2024 as the specialist lender faces rising costs tied to restructuring and a…
Professional services firm FRP Advisory confirmed this morning it had acquired GWC, an Isle of Man based business advisory firm. The deal, FRP Advisory’s eighth acquisition since its London IPO…
Private equity heavyweight Apax has bailed on its takeover bid for Kin and Carta after it was outbid by a rival. In a stock exchange notice today, Apax said that…
As violence escalates, our columnist Eliot Wilson argues that Iranian involvement in conflicts in the Middle East can’t be ignored forever It was only a matter of time. Last Wednesday,…
Hornby has made its first acquisition since Mike Ashley’s Frasers Group invested in the company last month. The Kent-based business has snapped up the assets, trade and intellectual property of…
Starting salary inflation eased to its slowest rate in nearly three years, a closely watched survey showed, in the latest indication that slack is building in the jobs market. The…
Business activity in London remained comfortably in expansionary territory, according to a new survey, providing the engine driving the country out of a recession. Natwest’s London purchasing managers’ index (PMI)…
The UK economy is set to take its first steps out of recession this week with GDP figures for January expected to show a return to growth. City economists think…
London fintech savings platform Flagstone has landed £108m funding from US private equity firm Estancia Capital Partners as it looks to tackle savings inertia and ramp up international expansion. Estancia…
Griffin, the UK’s newest fully operational bank, has secured a $24m (£19m) funding round as it looks to take on new customers for its Banking as a Service (BaaS) platform.…