Zopa Bank achieves profitability within 2 years of receiving its full banking licence

Zopa Bank achieves profitability within 21 months of receiving its full banking licence with a potential IPO on the cards later in the year Zopa Bank was only granted a full banking licence in the summer of 2020 Before its move into banking, the group helped pioneer peer-to-peer lending A recent £220m fundraising round enabled … Read more

Lockdown home improvers help joinery firm Howdens into the FTSE100

Lockdown home improvers help joinery firm Howdens into the FTSE100 as sales soar Kitchen supply business will join the FTSE100 index later this month It follows two-year run of booming sales amid lockdown home renovation spike The business focuses on trade clients and mostly operates on industrial estates By Archie Mitchell, Financial Mail On Sunday … Read more

BUSINESS LIVE: NAS sweetens John Menzies bid; Morses CEO exits

BUSINESS LIVE: NAS sweetens John Menzies bid; Morses CEO exits as subprime lender’s profits shrink; Clipper Logistics agrees £943m takeover By Mike Sheen For This Is Money Published: 07:46 GMT, 21 February 2022 | Updated: 13:01 GMT, 21 February 2022 Kuwait’s National Aviation Services has sweetened its takeover proposal for the British airport services company … Read more

BUSINESS LIVE: Bumper bonuses at StanChart; Nestle cautious on outlook

BUSINESS LIVE: Standard Chartered hands out bumper bonuses; Nestle cautious on inflation; Apple’s Tim Cook faces shareholder revolt By Mike Sheen For This Is Money Published: 07:51 GMT, 17 February 2022 | Updated: 08:03 GMT, 17 February 2022 Standard Chartered boosted its staff bonus pool by 38 per cent to $1.4billion in 2021, even amid … Read more

BUSINESS LIVE: Inflation erodes Britons’ pay; BHP profits soar

BUSINESS LIVE: Inflation erodes Britons’ pay; Glencore sets aside £1.1bn for litigation; BHP profits soar By Mike Sheen For This Is Money Published: 07:57 GMT, 15 February 2022 | Updated: 08:10 GMT, 15 February 2022 Workers in Britain saw their earnings shrink when adjusted for inflation in late 2021, data from the Office for National … Read more