Firms work up a risk appetite as they expect rates to fall next year December 11, 2023 Board directors will take more risk and focus on potential acquisition opportunities next year thanks to an expected fall in interest rates and inflation.
FCA proposes simpler financial advice to cut costs for consumers December 8, 2023 The Financial Conduct Authority has proposed simplifying rules on financial advice to allow banks, insurers and investment firms to give information to less wealthy customers without having to comply with stringent safeguards that bump up fees.
London-based Marex files for New York IPO in huge blow to the City December 8, 2023 London-based commodities broker Marex has filed for an initial public offering in New York in a huge blow to the City after a drought of floats this year.
Labour no longer ‘sneering at business’ as it calls in City grandees December 8, 2023 The Labour party has said it is no longer “sneering at business” as it announced 10 new advisers for the City, including the chief of the London Stock Exchange and former chair of the Financial Conduct Authority.
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.