uk

Cazoo ‘Laser-Focused on Profitability’ as Shares Surge Nearly 200% Post Upbeat Q2 Results
Cazoo ‘Laser-Focused on Profitability’ as Shares Surge Nearly 200% Post Upbeat Q2 Results
August 02, 2022  |  eCommerce

Investors’ tendency to slash the valuations of unprofitable businesses when the macroeconomic winds aren’t blowing their way is understandable. But for companies that are feeling...

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Mounting Losses, SMBs and Digital Banking Define UK Big Four Performance in H1 2022
Mounting Losses, SMBs and Digital Banking Define UK Big Four Performance in H1 2022
August 01, 2022  |  Earnings

It’s earnings season for the U.K.’s “Big Four” banks — Barclays, HSBC, Lloyds and NatWest — and despite taking a stock market beating at the...

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As Macro Headwinds Mount, UK Neobanks Revisit the Profit vs Growth Debate
As Macro Headwinds Mount, UK Neobanks Revisit the Profit vs Growth Debate
July 31, 2022  |  Digital Banking

The U.K. is home to popular digital-first challenger banks valued at over $1 billion such as Monzo, Revolut and Starling. Zopa, another British FinTech which...

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‘Eco-Friendly’ Claims Under Fire as UK Launches Probe of 3 Retailers
‘Eco-Friendly’ Claims Under Fire as UK Launches Probe of 3 Retailers
July 29, 2022  |  Retail

The U.K.’s Competition and Markets Authority (CMA) is launching an investigation into three fashion retailers for making misleading claims about their sustainability practices, according to...

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UK’s CMA Warns Monzo Not to Inhibit Current Account Holders Switching Accounts
UK’s CMA Warns Monzo Not to Inhibit Current Account Holders Switching Accounts
July 28, 2022  |  Digital-First Banking

Financial transaction records can act as important evidence when securing a loan or mortgage, and U.K. banks are legally obliged to provide this information to...

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Wave of eCommerce Flops Behind Record 113,700 UK Business Closures in Q2
Wave of eCommerce Flops Behind Record 113,700 UK Business Closures in Q2
July 28, 2022  |  eCommerce

The online retail sector that boomed in the U.K. during the pandemic has suffered from a wave of closures since the government eased COVID-19 restrictions,...

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Inflation Redefines ‘Value’ at McDonald’s, Other Fast Food Chains
Inflation Redefines ‘Value’ at McDonald’s, Other Fast Food Chains
July 28, 2022  |  Economy

If a value menu deal seems too good to be true, there is a good chance that the restaurant agrees — as food prices continue...

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Crypto Regulation Weekly: SEC Targets Coinbase as CFTC Prepares to Take Lead
Crypto Regulation Weekly: SEC Targets Coinbase as CFTC Prepares to Take Lead
July 27, 2022  |  Cryptocurrency

Reports that the U.S. Securities and Exchange Commission will sue publicly listed crypto exchange Coinbase for allegedly selling unregistered securities to the general public signal...

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Crypto Champion Sunak Faces Digital Internationalist Truss in UK Leadership Race
Crypto Champion Sunak Faces Digital Internationalist Truss in UK Leadership Race
July 27, 2022  |  Politics

This August, conservative party members will receive their ballots and will have until Sept. 5 to cast their vote, just in time for the new...

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