Ten Lifestyle secures renewal of Barclays partnership
By Josh White
Date: Monday 20 Sep 2021
(Sharecast News) - Concierge platform operator Ten Lifestyle Group has secured a multiple-year renewal of its contract with Barclays Bank UK, one of its longstanding corporate clients, it announced on Monday.
The AIM-traded firm said its concierge and lifestyle services, including its proprietary digital platform, would soon be made available to all Barclays Bank personal current account holders with the Barclays 'Travel Plus' product.
That would replace access to Ten's services through the retiring Barclays 'Home Pack' product, which has been off-sale for a number of years.
"The existing medium contract is expected to grow as a result of the service being attached to an 'on-sale' banking product with a larger customer base," the board said in its statement.
"This contract expansion is incorporated within the group's existing growth plan."
At 1009 BST, shares in Ten Lifestyle Group were flat at 104p.
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