HSBC shares sink on play to take control of Hong Kong bank October 9, 2025 HSBC shares tumbled on Thursday morning as the bank laid out plans to suspend its buyback program in order to buy out minority shareholders in Hong Kong’s Hang Seng Baak. The FTSE 100 banking juggernaut has offered to pay HK$155 per share for the 36 per cent not already owned by the bank. The proposal [...]
Lloyds: FTSE 100 giant’s slow wealth progress sparks takeover talk October 7, 2025 Lloyds’ “slow” progress in wealth management has sparked talks of a potential takeover as the banking titan looks to beef up its offering for high net worth individuals. The FTSE 100 giant exited the area in 2013 as part of a simplification drive after the financial crisis, with the reduction of its stake in St [...]
Santander UK boss to exit ahead of TSB merger October 3, 2025 The chief executive of Santander UK announced his exit from the banking giant on Friday ahead of the firm’s landmark takeover of TSB. Mike Regnier said he will exit in the first quarter of 2026 after stating it was his intention to “move on after 4-5 years” due to “other interests [he] would like to [...]
London fintech Monese says it needs more cash to survive after Pockit takeover September 9, 2025 Monese has warned it will need fresh investment if it is to survive for another year as the London fintech embarks on a change in strategy to put itself on a firmer financial footing. The current account and money transfer business, which last year was acquired by fintech firm Pocket in a rescue deal, said [...]
Zopa Bank expands payments grip with retail finance acquisition September 2, 2025 Digital bank Zopa has expanded its payments reach with a fresh takeover. The fintech has snapped up Rvvup – a platform designed to streamline businesses’ acceptance, collection and management of payments. Zopa said the acquisition will treble the size of its embedded finance business in two years, which covers the integration of financial products into [...]
Royal Mail owner set to return to profit in first figures since £3.6bn takeover August 31, 2025 The owner of Royal Mail is expected to show a return to annual earnings on Monday in the firm’s first set of results since the completion of its £3.6bn takeover by Czech billionaire Daniel Kretinsky. International Distribution Services (IDS) will post figures for the 12 months to 31 March after a milestone year for the [...]
Bar boss quits Labour’s hospitality group after tax concerns August 23, 2025 A top boss of a British bar chain has quit a government hospitality taskforce after facing pressure over his criticism of Rachel Reeves’ tax agenda. Alex Reilley, the chairman of Loungers, has exited the Hospitality Sector Council (HSC) after receiving backlash from civil servants for publicly criticising Labour’s economic policies, The Telegraph reported. “I was [...]
Coca-Cola considers grounds for sale of Costa August 23, 2025 Soft drinks giant Coca-Cola has called in bankers for exploratory talks regarding a sale of coffee chain Costa. The Coca-Cola company, which acquired Costa over six years ago, has held talks with a number of potential bidders including private equity firms, according to Sky News. Investment bank Lazard is working with the firm to explore [...]
Atom chair: Big banks don’t know their role in economic growth August 20, 2025 The chair of digital bank Atom has slammed Britain’s banking giants for failing to drive the country’s economic ambitions. Lee Rochford, who had tenures at Virgin Money, RBS and BNP before Atom, said it was “increasingly unclear what role [top banks] are playing in driving better customer outcomes or supporting UK economic growth”. Chancellor Rachel [...]
Starling Bank snaps up UK fintech firm in small business push August 19, 2025 Starling Bank has snapped up its UK fintech peer Ember in a bid to ramp up its services for small business customers. The London-based firm said as part of the takeover, Ember’s tax and bookkeeping software will be built into Starling’s app and online bank. The deal, which Starling did not disclose the price of, [...]