Top Financial Stories in the UK: Major Deals, Fines, and Job Cuts

The Financial Times highlights major business news including Apollo's acquisition of Evri for 2.7 billion pounds, a projected 20 billion pound shortfall in UK government funding, Coinbase's 3.5 million pound fine, THG's job cuts, and Revolut's newly secured UK banking license after a three-year process.

Apollo has struck a 2.7 billion pound deal to acquire UK parcel group Evri, marking a significant move in the logistics sector.

Finance Minister Rachel Reeves is expected to disclose a near 20 billion pound shortfall in government funding, raising concerns about fiscal management.

The UK financial watchdog has fined Coinbase 3.5 million pounds for serving over 13,000 high-risk customers, marking its first enforcement action in the crypto space.

British e-commerce giant THG has announced job cuts totaling 171 positions and mandated a return to the office for remaining staff.

Fintech company Revolut has received a UK banking license after a lengthy three-year process, clearing regulatory hurdles and paving the way for its UK ambitions.