Latest News

Revolut secures UK banking licence


By Michael Griffiths

Revolut has received regulatory approval from the Prudential Regulation Authority (PRA) to launch as a bank in the UK.

The move ends a four-year wait to secure a UK licence for Revolut, which has an existing base of 13 million UK customers


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Aviva unit fined £10.6m by PRA for solvency error

A unit of Aviva, U K Insurance Limited (UKI Ltd), has been fined £10.6m by the Prudential Regulation Authority (PRA) over a Solvency II balance sheet miscalculation during 2023 and 2024

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L&G reports 6% profit increase as share price drops

Legal & General (L&G) has reported a "strong financial performance" in 2025, as its core operating profit jumped by 6% year-on-year to £1.62bn

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Capita swings to loss in 2025

Capita has revealed that it swung to a pre-tax loss of £170.9m in 2025, falling from a profit of £116.6m in 2024.

The business outsourcing company said the loss was exacerbated by a £73.7m impairment from its call centre business, which has seen a reduction in clients amid the rise of AI

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Persimmon shares up 7% following full-year results

Shares in Persimmon jumped by over 7% in early trading after the housebuilder recorded a 17% increase in group revenue, totalling £3.75bn in the year to 31 December

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Domino’s lands in line with expectations

Domino’s full-year results fell in line with expectations, following a "solid finish" over the Christmas trading period, it said

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Swedish private equity group pumps fresh funds into Yorkshire Water

Yorkshire Water has announced that Swedish private equity group, EQT, has agreed to acquire a 42% stake in Kelda Holdings, the water firm’s parent company

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Costain profits up as construction company closes year with record forward book

Costain has reported a 9.3% jump in adjusted operating profit to £47.1m in its latest annual results

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Clarkson profits dip amid shipping market uncertainty

Shipping services provider Clarkson has announced a dip in pre-tax profit to £86.7m in 2025, falling from £112.1m a year earlier

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Strix shares fall 10% as it issues profit guidance update

Shares in Strix have fallen by 10% after the firm outlined its profit expectations for the 2026 financial year, ranging from £9.8m to £10.2m

Speedy Hire appoints new CFO

Speedy Hire has appointed Judith Cottrell as its new chief financial officer (CFO), effective from 1 July
Ofwat issues £22m fine to South East Water

Ofwat has proposed a £22m fine for South East Water following repeated supply interruptions in Kent and Sussex between 2020 and 2023, affecting more than 286,000 people
ITV remains in talks with Sky as profits slip

ITV has confirmed it is still in in discussions with Sky regarding the possible sale of its broadcasting arm, but said there is “no certainty” whether an agreement will be reached


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