British electronic bank Monzo hits every month profitability for the first time right after spike in lending

Critical Details

Monzo reported net working profits of £214.5 million ($266.1 million) in the yr ending February 2023, just about doubling its results year-more than-calendar year.
One particular of the most outstanding U.K. digital banks, Monzo managed to achieve profitability in the very first two months of the 12 months.
The bump in revenues was pushed by a spike in lending activity, with net curiosity money rising 382% to £164.2 million.

Supply

Finance

Stocks making the biggest moves premarket: Charter Communications, Doximity, Novo Nordisk and more

May 16, 2025

Check out the companies making headlines before the bell. Charter Communications — The cable stock rose 7% after Charter agreed to merge with rival Cox Communications . The combined company will change its name to Cox Communications within a year. Constellation Brands — Shares popped 3.4% after Berkshire Hathaway disclosed doubled its stake in the […]

Finance

Big Chinese companies like Alibaba show that AI-powered ads are giving shopping a boost

May 16, 2025

Key Points Alibaba, Tencent and JD.com reported earnings this week that reflected improving Chinese consumer spending, and the growing benefits of artificial intelligence in advertising. “The e-commerce and ad revenues were positive surprises as there were expectations tariffs would affect consumer behavior,” said Kai Wang, Asia equity market strategist at Morningstar. However, a Morgan Stanley […]

Finance

Walmart’s former U.S. CEO Bill Simon thinks retailer can easily absorb tariff costs, criticizes its ‘doom and gloom’ commentary

May 15, 2025

Fast Money Walmart’s former U.S. CEO Bill Simon thinks retailer can easily absorb tariff costs, criticizes its ‘doom and gloom’ commentary Published Thu, May 15 20257:47 PM EDTUpdated 37 Min Ago Stephanie Landsman@stephlandsman WATCH LIVE Source