Curve swings to £9m loss as Lloyds takeover remains incomplete
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Curve has reported a £9.5m loss for the 2024 financial year, a significant decline from a £3m profit the previous year, amid uncertainty surrounding its takeover by Lloyds Banking Group. Revenue fell to £37m, while costs rose sharply. The acquisition, valued at around £120m, is pending regulatory approval, and Curve lacks visibility on future plans from Lloyds, raising concerns about its operational continuity.
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