Monzo goes mobile: UK fintech debuts cell service in tie-up with Virgin Media O2 Fintech Monzo is set to launch its mobile service this summer in the firm’s latest play at diversifying its income from its traditional digital banking roots. The London-based fintech has sealed a tie-up with Virgin Media O2 and 1Global to kick off ‘Monzo Mobile’ – a phone plan and e-sim offering. Virgin will provide the UK [...]
Natwest and Lloyds expect lending hit from broadband battle Banking Natwest and Lloyds have had to brace for losses on loans as players across the broadband sector struggle against escalating competition. Lloyds Banking Group’s commercial unit set aside £25m in provisions for loans that were unlikely to be fully repaid. William Chalmers, the group’s finance boss, said the coverage was mainly due to loans in [...]
Plusnet cuts jobs as sales and profit slashed Tech Plusnet cut more than 100 jobs as its sales and profit were slashed during its latest financial year, it has been revealed. The Sheffield-headquartered broadband provider, which is owned by BT, has posted a turnover of £342.4m for the 12 months to 31 March, 2025, down from the £401.8m it achieved in the year before. Plusnet [...]
TalkTalk: Huge losses revealed amid job cuts and fleeing customers August 6, 2025 The full extent of TalkTalk’s financial woes have been revealed for the first time amid sky-rocketing losses and huge job losses as customers move to other broadband providers. New accounts for the Salford-headquartered group filed with Companies House have revealed its pre-tax losses surged from £153m to £465m in the year to 28 February, 2025. [...]
Three’s ‘best value’ ads probe cleared after Vodafone complaint April 2, 2025 The Advertising Standards Authority (ASA) has ruled in favour of Three UK, rejecting Vodafone’s challenge that the mobile operator’s ads for its iPhone 16 Pro deal were misleading. Vodafone had argued that the telecom rival’s claim of offering ‘The UK’s best value unlimited iPhone deal’ could mislead consumers into thinking it was based on more [...]
Ofcom cracks down on inflation-linked price hikes January 17, 2025 Telecoms providers must set out upfront price rises that will apply to customer contracts to protect consumers from uncertain and volatile inflation. From today, Ofcom will require any price rises linked to future inflation to be clearly written into a customer’s contract at the point of sale. Many leading phone, TV and broadband firms already [...]