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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Banks

FIVE at FIVE: FTSE 100 rallies; Economy grows; Admiral jumps; Three needs Vodafone merger; Monzo trumps Lloyds

1. FTSE 100 live

Stocks rally

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2. UK economy grows for second consecutive quarter

Gross domestic product (GDP) expanded by 0.6% during the three months to June, following a 0.7% rise during the second quarter.

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3. Admiral jumps as dividend hiked on profit, customer growth

Group pre-tax profit climbed 32% to £309.8 million over the six months to June on the back of a 43% uptick in revenue to £3.21 billion.

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4. Vodafone merger needed, Three warns as investment cut

Highlighting reduced capital expenditure over the first six months of the year, Three UK chief financial officer Darren Purkis warned the merger was the only way for the company to ramp up investment.

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5. Lloyds loses out to digital banks in customer service poll

As part of the CMA’s compulsory dive into the service quality of the UK’s top lenders, a poll revealed Monzo ranked first for both personal and business current accounts.

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In the small-cap space:

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