Monument Bank looks to the US for possible IPO
Monument Bank, one of the UK’s fastest-growing challenger banks, has reportedly told investors it wants to go public in the US before 2027 – marking another blow for the London market. The bank is
National Grid to sell US renewables business to Brookfield
National Grid has agreed to sell its US renewables business to Canada’s Brookfield Asset Management in a deal worth £1.4bn. The UK’s energy operator said the transaction would be an “important
Ben Whitmore: Jupiter’s former star stockpicker launches inaugural fund
Star fund manager Ben Whitmore has launched his inaugural fund within his new boutique asset manager. Last year, Whitmore made a shock exit from Jupiter Asset Management, where he handled around a fif
Turnbull & Asser: The King’s tailor who hasn’t made a profit since 2015
High-end fashion retailer Turnbull & Asser, whose customers including Kind Charles III, has now been in the red for almost a decade, it has been revealed. The London-headquartered retailer, which has
Motor finance: Bank of Ireland sets aside £143m provision
Bank of Ireland joined the UK’s biggest lenders in setting aside a lump sump for potential motor finance payouts as it posted its annual results. The bank recorded a pre-tax profit of €1.86bn (£1
Starmer told that £200 million for Grangemouth must be ‘used correctly’
An extra £200m from the UK government for the Grangemouth oil refinery ahead of its closure will need to be “used correctly” if it is to have a “transformative impact”, a leading trade unioni
Shein profit slumps as Temu gains ahead of London IPO
Shein’s net profit fell by almost 40 per cent in 2024, raising doubts about its long planned London stock market listing. Shein’s profits dropped by more than a third last year, adding to the fast
BMW pauses £600m electric vehicle Mini production
BMW has confirmed it is delaying the reintroduction of electric vehicle production at its Oxford mini plant, citing “multiple uncertainties facing the automotive industry”. The decision has put a
International earnings set to outpace domestic in growing companies
The world’s fastest-growing companies’ international earnings are set to eclipse domestic revenue by 2030, according to new research from HSBC. A survey of 1,143 global senior decision makers, i