AJ Bell share price rises after boost in customers but Hargreaves Lansdown falls after slowing business growth October 19, 2023 The inflows helped assets under administration grow 11 per cent to a record £70.9bn.
London Stock Exchange Group eyes bumper year despite sluggish IPO market October 19, 2023 The London Stock Exchange Group said it was on track to hit the top end of its forecasts for the year this morning after income ticked up over the summer despite a slump at its flagship exchange.
How the great tech layoff is having unexpected positive consequences October 19, 2023 The wave of layoffs to have struck the tech sector over the past year is conversely boosting the flow of top talent into early-stage start-ups, a top VC firm has said.
Liontrust: Restructuring on the way after failed GAM bid October 18, 2023 Liontrust said it would push through a wave of “restructuring and efficiencies” today after haemorrhaging cash over the summer during its chastening takeover battle for Swiss rival GAM.
St James’s Place confirms overhaul of controversial fees after regulatory pressure October 17, 2023 St James's Place has confirmed it will overhaul its fee structure and scrap a controversial exit fee today after reportedly coming under pressure from regulators to fall in line with stringent new consumer rules.
Jupiter warns of ‘challenging’ landscape as assets fall and outflows tick up October 17, 2023 Funds group Jupiter warned economic uncertainty was continuing to weigh on investors’ appetite today as it reported a dip in its managed assets in the third quarter of the year.
It ain’t easy being green: Climate tech funding plunges as interest rates rattle investors October 17, 2023 Climate tech investment has plunged globally this year as recession fears and rising interest rates put the brakes on a green funding frenzy, new figures have revealed.
Ministers ditch City reporting overhaul after backlash against more red tape October 16, 2023 The government has ditched its own plans to introduce burdensome new reporting requirements to UK companies today amid concerns over the amount of red tape tangling up British firms.
Abrdn offloads private equity arm for £60m as Bird’s ‘reshaping’ drive accelerates October 16, 2023 Abrdn has offloaded its European private equity business to a Nasdaq-listed investor for £60m today as bosses press ahead with plans to slim down and simplify the business globally.
Hoberman-led Tech Nation pledges £10bn funding bonanza for start-ups October 16, 2023 The start-up group freshly revived by Brent Hoberman has pledged to facilitate a £10bn investment bonanza for UK tech today as it restarts operations. The group wound down earlier this year after ministers pulled its funding.