Reddit: Revenue more than triples as UK profit jumps September 22, 2025 Revenue at the UK arm of Reddit more than tripled during its latest financial year as profit also surged, it has been revealed. The London-headquartered division has posted a revenue of £96.7m for 2024, new accounts filed with Companies House show. That total is up significantly from the £28.4m it posted for 2023. From 1 [...]
Greg Jackson spins off Kraken from Octopus Energy September 18, 2025 Greg Jackson’s Octopus Energy has announced the spin-off of its technology arm Kraken to become a standalone business. The group said the move is aimed at “speeding up the platform’s expansion across the globe” and allowing Kraken to “fast-track investments into its technology, expand into new energy markets and regions, and drive innovation”. Kraken has [...]
Clearbank brings fintech revolution to corporate banking September 9, 2025 UK fintech Clearbank has laid out plans to power up its embedded banking services and take on legacy banks on a new battlefield. The firm said outdated “one-size-fits-all” approaches from centuries-old high street banks were “no longer fit for work” and set out plans to challenge traditional transaction services in areas like travel, hospitality and [...]
Natwest and Lloyds expect lending hit from broadband battle August 28, 2025 Natwest and Lloyds have had to brace for losses on loans as players across the broadband sector struggle against escalating competition. Lloyds Banking Group’s commercial unit set aside £25m in provisions for loans that were unlikely to be fully repaid. William Chalmers, the group’s finance boss, said the coverage was mainly due to loans in [...]
Trustpilot: Can reviews site really be trusted? August 20, 2025 Trustpilot’s CEO has insisted his reviews site “isn’t perfect” but wants to be “the universal symbol of trust”. Speaking on the latest episode of CityAM‘s Boardroom Uncovered show, Adrian Blair defended the FTSE 250 business when asked whether Trustpilot could actually be trusted itself. Since being founded in 2007 by Peter Holten Mühlmann, the [...]
Here are five British tech startups to look out for August 14, 2025 A new cohort of Future Fifty tech firms is demonstrating exponential growth and attracting significant investment, reinforcing London’s position as a hub for dynamic scale-ups in this space. These companies are making headlines across diverse sectors, from AI to environmental technology. The talent is emerging from UK universities, but the challenge for these firms is [...]
Y-Combinator-backed agritech Supplant put up for sale after plunging into administration August 5, 2025 An agritech firm backed by the likes of Y-Combinator has been put up for sale after being plunged into administration, CityAM can reveal. Cambridge-based Supplant, which had raised more than £25m in funding since launch, is now searching for a rescue buyer and will accept offers over just £2.5m, according to an insolvency marketplace [...]
Santander UK axes jobs and branches in transformation overhaul July 30, 2025 Santander UK recorded a surge in provisions as the bank powered forward with its transformation strategy slashing its branch network and shedding workers. The bank said provisions for other liabilities and charges were up 74 per cent to £249m driven by “higher transformation related charges”. The lender listed losses and provisions as rising 119.8 per [...]
M&A volumes jump as US bidders snap up UK tech July 2, 2025 US private equity firms are continuing to swoop for UK tech companies leading to a jump in merger and acquisition (M&A) volumes. Giants from across the Atlantic have taken a heightened interest in UK stock, which analysts pegged to the “cheap and undervalued” nature of equities. UK public M&A activity almost tripled in the first [...]
NCC Group pivots on cyber security amid rising demand June 19, 2025 FTSE 250 tech firm NCC Group said it was changing the strategic direction of its cyber security division after revenue took a hit in the first half of the financial year. NCC’s revenue from cyber security tumbled nearly eight per cent to £123.5m for the first half of the year, down from £133.9m for the [...]