Wealth advisory firm set for £240m sale as bidders circle June 25, 2026 Wealth advisory firm Equiom is set for a potential £240m sale in what would be the latest in a wave of dealmaking across the sector, Morning Wire can reveal. The Isle of Man headquartered firm, which counts family offices and high net worth individuals among its client base, is currently running a sale process and [...]
Barclays and Lloyds join banking sector plan for digital ID June 25, 2026 Barclays and Lloyds are among a group of top UK lenders working on a plan that would see customers able to use digital identification tools in their banking app. The collective of banks – which also includes HSBC, Nationwide, Natwest and Santander – are working with industry body UK Finance on a process where users’ [...]
‘I have more to do’: Reeves campaigns for Chancellor role under Burnham June 25, 2026 Rachel Reeves said she has “more to do” as Chancellor as she pitched staying in her job to business leaders despite speculation she will be dumped from the role by Andy Burnham. Reeves said she had brought “stability” to the UK economy and added she was “proud” of her record on inflation and growth. The [...]
Moonpig embraces tech and upselling as revenue jumps June 25, 2026 Moonpig has credited its tech and upselling capabilities with its rise in revenue, with boosted customer retention and a growing order book. The online card maker recorded a 6.5 per cent rise in revenue in the year ended 30 April, jumping to £373m from £350.1m. Profit before tax swung back to £68.9m from last financial [...]
Defence and immigration help Serco weather outsourcing pressure June 25, 2026 Serco said a boost in defence contracts and higher demand for its immigration services across Europe helped offset delays in its North America business, as it reiterated guidance for the year. The FTSE 250 outsourcing group said revenue for the first six months of the year is expected to rise around three per cent to [...]
Revealed: Secret Treasury plan to tax State Pension before it is paid out June 25, 2026 The Treasury is drawing up plans to automatically withhold income tax from the State Pension before it is paid out to recipients, Morning Wire can reveal, in a move which flies in the face of previous assurances by Chancellor Rachel Reeves that she would not “go after” elderly Brits with fresh tax demands. The proposal, [...]
Zack Polanski: I have a ‘serious vision’ for UK businesses June 25, 2026 Green Party leader Zack Polanski will tell business leaders at a conference on Thursday that he will deliver “clarity, stability and serious vision” for the UK economy. In what will be his most significant address to bosses since becoming leader, Polanski is expected to recognise that private sector executives “might have some preconceptions” yet he’ll [...]
Burnham refuses to rule out ‘exit tax’ as founders warn of wealth exodus June 25, 2026 Entrepreneurs are calling for Andy Burnham to rule out an exit tax or risk another wave of Britain’s wealth creators quitting the UK. Speculation around a so-called ‘settling up’ charge, which would be levied on business owners if they leave the country, is already causing some founders to consider moving overseas, several executives told City [...]
‘There’s a kind of romance to it’: Cubitts opens King’s Cross hub on site of Victorian stables June 25, 2026 Cubitts has opened a major new hub in King’s Cross, marking the latest chapter of the trendy spectacle maker’s expansion. The London-based business, which first opened its doors in 2012 and has made bespoke glasses for the likes of Idris Elba, Ryan Reynolds, Madonna and Cynthia Erivo, has taken up a 13,000 square foot lease [...]
UK banks fear a ‘disaster’ with Ed Miliband as Chancellor June 24, 2026 City banks are fretting over the prospect of Ed Miliband as Chancellor as Andy Burnham mulls who he will give the keys to Number 11. The banking industry is bracing for a shake-up at the Treasury and fears it could be hit with a fresh raft of taxes under a new Chancellor while key deregulatory [...]