Odey Asset Management partners pocket £64m in last payout before wind down January 11, 2024 The partners of Odey Asset Management are set to pocket nearly £64m for the firm’s final year of operations as it is wound down following allegations of sexual assault against founder Crispin Odey.
Quilter calls in ex-Hargreaves Lansdown boss as wealth manager looks to ride out turmoil January 10, 2024 FTSE 250 wealth manager Quilter has called in former Hargreaves Lansdown chief Chris Hill to its board today as the firm looks to beat the troubles squeezing UK money managers this year.
Interest rates tug of war may leave markets, and consumers, disappointed January 9, 2024 The path of the economy in 2024 will be defined by the trajectory of interest rates. But the question is, when will they be cut?
Why higher interest rates are ‘the single best economic development’ for investors in the past 20 years January 1, 2024 Real interest rates remaining in positive territory as inflation continues to fall is good news for investors in bonds
Card spending jumps in 2023 as Brits splash out on travel and booze December 29, 2023 Debit and credit card spending jumped this year despite inflation and higher household bills, as Brits forked out on holidays and booze.
Last Friday before Christmas was busiest day of 2023 for cash withdrawals December 28, 2023 The last Friday before Christmas Day was “by far” the busiest day of this year to date for cash machine withdrawals, according to Link. The UK cash access and ATM network said Friday December 22 was not only the busiest day in 2023, but the biggest total it had seen for withdrawals since the start [...]
London gold price benchmark hits record high as investors hunt for safe haven December 28, 2023 London's gold price benchmark hit an all-time high yesterday as investors continue to pour into the precious metal to shield themselves from economic and political volatility, the London Bullion Market Association said.
St James’s Place shares slump after it reveals plans to buy up advisers’ books December 15, 2023 Shares in St James’s Place (SJP) have slumped today after the firm revealed plans to raise cash to snap up the business of retiring partner advisers.
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.
‘I fear for my disabled wife’: How Woodford investors have been impacted December 4, 2023 The fallout from former stock picker Neil Woodford’s collapsed investment fund has shaken the investment world and triggered an almighty spat between investor groups and the regulator.