Customers flock to AJ Bell signalling hope for domestic investing market December 7, 2023 AJ Bell, one of the UK's largest investment platforms, today announced it had signed up another 50,880 customers in the financial year to 30 September.
Investment banks search for any port in a storm amid City’s dealmaking slump December 7, 2023 A listings drop off has hurt smaller investment banks and brokers. Now they may be looking for deals and combinations of their own.
UK investors return to equities for the first time in six months December 6, 2023 A net £449m from UK retail investors has been added to equity funds just last month, according to data from funds network Calastone.
Rio Tinto lays out $30bn capital spending plan as firm seeks to capitalise on iron ore demand December 6, 2023 Mining monolith Rio Tinto has bought forward the construction of its $6.2bn Simandou super-mine
London Stock Exchange hit by double outage, small cap trading paralysed December 5, 2023 The London Stock Exchange has resolved an outage that disrupted trading in a large number of smaller stocks for at least 30 minutes on Tuesday morning - the third issue of its kind since October.
Nick Train: ‘Little sign of respite’ as Diageo and investment manager drag on value December 5, 2023 City stockpicker Nick Train warned there was “little sign of respite” today as his London-listed investment trust reported another slump in the value of its portfolio.
Premier Milton blames ‘weakening’ UK investment sector for plunge in profits December 5, 2023 Asset manager Premier Milton's profits fell by more than a third in the year ending 30 September as the Square Mile suffers from a drop-off in dealmaking.
Peel Hunt ready for the rebound, boss says as firm slips to small loss December 5, 2023 Investment bank Peel Hunt has swung to a pretax loss as a prolonged period of subdued capital markets activity continues to take its toll.
St James’s Place shakes up investment managers amid fees pressure December 4, 2023 St James’s Place confirmed it has dropped Jacob Rees-Mogg-founded Somerset Capital Management and brought in three new investment managers today in the latest sign of an overhaul at the firm after pressure over its complex fees.
Woodford investors mount final fight against ‘misleading’ £230m compensation scheme December 4, 2023 Burnt investors in Neil Woodford’s collapsed investment fund are mounting a final fight against a proposed £230m redress scheme today as a vote on the payout enters its final hours.
