Finance & Risk
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Barclays and Santander lead customer exodus
Barclays and Santander lead in net account switch losses. Barclays and Santander saw significant net losses in current account switches, while Nationwide gained the most customers. Technical outages affected customer retention at major banks.
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Net Purpose acquires SDI AOP for platform
Net Purpose acquires SDI AOP to unify sustainable investment standards. The acquisition aims to enhance sustainable investing by creating a unified standard that accelerates investments aligned with climate and Sustainable Development Goals, leveraging the expertise of major pension asset managers….
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Corpay to acquire Alpha Group in £1.8 billion cash deal
Corpay moves to acquire UK-based Alpha Group International. The £1.8 billion all-cash agreement will see the London-listed payments and foreign-exchange provider become part of the U.S. financial services group. The deal extends Corpay’s reach into Europe’s institutional markets and highlights renewed overseas appetite for UK-listed fintech businesses.
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GoodData launches AI-native data platform for finance
GoodData has unveiled new AI-native data intelligence tools. The composable platform brings audit-ready automation and governance to banks, insurers, and financial institutions, combining regulatory compliance with scalable innovation across core financial operations.
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GSK raises 2025 sales forecast after strong growth in specialty medicines
GSK lifted its 2025 sales forecast after a strong third quarter. Specialty medicines drove the increase, with double-digit gains across HIV, oncology, and respiratory treatments boosting overall revenue. The company now expects annual growth of 6–7 per cent, reflecting continued momentum in higher-margin therapies and a robust launch pipeline.
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How smart data strategies power high-performing revenue operations
Smart data transforms revenue operations in the subscription economy. Lindsey Meyl, Vice President of Revenue Operations at iManage, explains how businesses shifting from acquisition-focused funnels to recurring growth models must rethink how data informs every stage of the customer lifecycle, using AI-powered insights to drive sustainable performance.
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Barclays to buy US personal loan platform Best Egg for $800 million
Barclays will acquire US personal-loan originator Best Egg for $800 million. The move deepens the bank’s push into American consumer finance, adding around two million new customers and broadening its foothold in unsecured lending and digital credit services.
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UK wealth fund urged to accept failures as cost of taking risks
UK’s National Wealth Fund must accept failures as the cost of risk. Lawmakers have warned that avoiding failure would undermine its purpose, urging ministers to allow the fund to operate independently and take bolder investment decisions to unlock private sector capital across the economy.
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UK M&A deals of the week: 25 October 2025
This week’s M&A activity spanned consumer wellness, technology infrastructure, managed services, market infrastructure, and financial markets. From Supreme’s expansion into diet brands to the London Stock Exchange Group’s strategic restructuring, UK companies focused on repositioning for scale, efficiency, and capability rather than outright size.
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FCA warns UK not ready for risks
UK financial system faces rising geopolitical and cyber threats. Nikhil Rathi, FCA Chief Executive, warns of inadequate preparedness against threats affecting financial stability, insurance coverage, and systemic risks, urging enhanced collaboration and investment to bolster resilience and operational strength.