Is there anything good in St James’s Place’s results? February 28, 2024 Britain’s biggest wealth manager St James's Place saw its stock price hit its lowest since December 2012 this morning on the back of a gruelling 2023 results.
St James’s Place shares plummet as bosses set aside £426m for complaints February 28, 2024 Wealth manager St James’s Place said it had been a “challenging” year today as its cash result cratered on the back of an overhaul in its fee structure and provisions for a deluge of complaints.
Abrdn hands chief £800k bonus as profits dip and clients pull £13.9bn February 27, 2024 Fund manager Abrdn has handed chief executive Stephen Bird a near £800k bonus despite clients pulling out even more funds, leading to a dip in annual profits.
Audit watchdog set to shake-up stewardship code to focus on ‘growth’ February 27, 2024 The audit watchdog is set to shake up the so-called stewardship code governing the UK’s top investors as pressure mounts on regulators to strip back red tape and support “growth and the UK’s competitiveness”.
British Patient Capital invests £10m into biotech firm developing cancer drug discovery platform February 27, 2024 British Patient Capital, the venture capital subsidiary of UK government-owned British Business Bank, has invested £10m into biotech firm Curve Therapeutics to support its cancer drug discovery technology.
Robinhood rival Public.com shuttering UK business just eight months after launch February 26, 2024 Robinhood rival Public.com is shuttering its UK business just nine months after launch, the firm has told its customers today.
Hipgnosis ramps up legal action against founder as strains deepen February 26, 2024 Hignosis Songs Fund has ramped up legal action against its founder Merck Mercuriadis today in a bid to secure protection from a lawsuit which alleges he stole the idea for the company.
Days of ‘eye-popping’ gains are over for Berkshire Hathaway, Buffett writes February 25, 2024 Warren Buffett warned that the days of "eye-popping" gains for Berkshire Hathaway are over given its huge size and the dearth of attractive investment opportunities.
Standard Chartered chief pockets bumper pay packet as London bosses call for more cash February 23, 2024 The boss of Standard Chartered pocketed a bumper pay rise last year as his total paypacket swelled to £7.8m.
City of London Investment Group reports drop in profit as investments struggle February 23, 2024 The City of London Investment Group (CLIG) announced its 2023 half-year results as for the first time, the group reported in US dollars.