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Nationwide fined £44m for financial crime control failings


By Michael Griffiths

Nationwide has been fined £44m by the Financial Conduct Authority (FCA) for failures in its anti-financial crime systems.

An investigation by the regulator found that between October 2016 to July 2021, the building society had ineffective systems for keeping up-to-date due diligence and risk assessments for all its personal current account customers and for monitoring their transactions


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WH Smith delays full-year results announcement for second time

WH Smith has delayed its preliminary results announcement again to 19 December, after previously pushing the date back at the end of October

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Card Factory shares plummet following profit warning

Shares in Card Factory fell by over 25% in early trading after the retailer lowered its profit guidance for the year to between £55m and £60m

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Anglo American and Teck shareholders agree to $53bn merger

Shareholders at Anglo American and Canadian firm, Teck, have agreed to a merger deal valued at around $53bn.

The allotment of new shares was approved by 99.17% of Anglo American shareholders to create the group, Anglo Teck

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Aberdeen acquires CEF assets for £1.5bn

Aberdeen Investments has agreed to acquire the management of closed end fund (CEF) assets from MFS for £1.5bn

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FirstGroup acquires Tootbus operations for £17m

FirstGroup has acquired the UK sightseeing bus operations of RATP Développement SA in a deal worth £17m

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Satsuma Technology raises £40m with Bitcoin sale

Software developer Satsuma Technology has announced the sale of 579 Bitcoin to raise net proceeds of approximately £40m

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RWS Holdings’ profit falls by 43% in 2025

RWS Holdings has recorded a 43% drop in its profit before tax in the year to 30 September, totalling £60.3m

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EY faces FRC probe over unauthorised auditor reports

EY is facing an investigation from the Financial Reporting Council (FRC) in relation to the unauthorised issuance of auditor reports

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Budget hits Berkeley’s half-year results

Berkeley Group has seen its sales volume fall by 8% year-on-year in the six months to 31 October as a result of a subdued market amid speculation around the recent Budget

Everyman shares slide after ‘challenging’ period for box office

Everyman has seen its share price drop by over 25% in today’s trading after the cinema chain reported a “weaker than anticipated” performance in its Q4 trading period
Entain CFO to step down

Chief financial officer (CFO) at Entain, Rob Wood, is to step down from the role after 13 years with the group
FirstGroup named preferred operator for London Overground contract

FirstGroup has been named as the preferred operator for the London Overground suburban rail network contract from Transport for London (TfL)


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