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Money

  • 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.

  • St James’s Place’s troubles present an ‘opportunity’, says rival chief

    December 1, 2023

    The troubles facing St James’s Place have presented an “opportunity” for rivals this year as investors scope out alternative firms in the market, a rival chief has said.

  • Bank of England finance panel suggests wage growth won’t budge next year, but inflation will fall

    November 30, 2023

    "Expected output price inflation has been gradually falling over the year," the survey noted.

  • This London tech company is the fastest growing in the UK this year

    November 28, 2023

    The UK's fastest growing tech company in 2023 has topped 1m customers and £5bn in assets under administration (AUA).

  • Exclusive: London forex firm founded by ex-Deputy Mayor Rajesh Agrawal shutters customer accounts

    November 28, 2023

    Canary Wharf-based RationalFX has suspended its services today, as it claims to not be able to return customer funds

  • Five online scams to watch out for ahead of Cyber Monday

    November 25, 2023

    City A.M spoke to Oz Alashe MBE, cybersecurity expert and CEO of CybSafe, who gave his top tips on how to stay safe from online scams.

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