ComfortDelGro Gets Green Loan From DBS to Accelerate Decarbonization of its UK Bus Fleet
SGD 100 million loan facility provided by DBS will be used to make the global operator ComfortDelGro’s bus fleet greener in the UK.
UK
UK Economy Demonstrates Growth
In the United Kingdom, gross domestic product (GDP) showed an increase of 0.1% in February compared with the result for January.
UK Retail Sales Demonstrate Positive Dynamic
In the United Kingdom, retail sales in the first two months of the current year turned out to be higher than preliminary expectations.
Revolut Launches Point of Sale iPad App
British neobank Revolut has rolled out an iPad POS application for the hospitality industry which combines payment processing with analytics.
NatWest to End BNPL Product
NatWest has announced its intention to stop the Buy Now, Pay Later (BNPL) product.
Nationwide Building Society to Acquire Virgin Money
The bank Nationwide Building Society, which is based in the United Kingdom, plans to acquire retail lender Virgin Money.
Revolut CEO Warns About Risk for London Status as FinTech Hub
Revolut’s new CEO in the United Kingdom is committed to being sure that London does not lose its status as a fintech technology hub in the future.
Neobank Monzo Raises $430 Million
Digital bank Monzo, which is based in the United Kingdom, on Tuesday, March 5, announced that it had managed to raise new capital for $430 million from investors.
Jeremy Hunt Announces New UK Manufacturing Funding
Chancellor of the Exchequer of the United Kingdom Jeremy Hunt on Monday, March 4, announced new funding designed to support the UK manufacturing sector.
SumUp Reportedly Aims to Raise $1.1 Billion to Refinance Debt
The media reports that the SumUp payment company, which is based in London, intends to raise €1 billion ($1.1 billion) from private creditors.
Monzo Aims for £4 Billion Valuation
Monzo, a fintech unicorn based in the United Kingdom, is set to achieve a £4 billion valuation as part of its latest funding round.
Barclays to Return £10 Billion to Investors in Overhaul
Barclays Plc announced its activity plans for the near future, which include taking measures to reduce costs, structural reorganization, and returning at least £10 billion to shareholders.
NatWest Sees Revenue Dropping
NatWest Group expects its revenue this year to likely decline because the business of this company is currently under pressure due to falling interest rates.
UK Falls Into Recession
The recession has become an economic reality in the United Kingdom, as evidenced by official data published by the Office for National Statistics (ONS) on Thursday, February 15.
UK Inflation Holds at 4%
In the United Kingdom, inflation remained at 4% in January, demonstrating what corresponds to such a concept as stability.
Revolut Launches Phone Plans for Travelers
Revolut, based in the United Kingdom and operates in the sphere of financial technologies, announced the launch of phone plans.
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