Goodbye Nutmeg, hello Clove: New investing service lands £10m funding October 14, 2025 As the London fintech world bids goodbye to investing app Nutmeg, a new spice-themed alternative is about to rise up from the ashes. Investing startup Clove, a new venture from serial entrepreneur Christian Owens, has emerged from stealth after landing a bumper £10m funding round. The pre-seed round featured a host of prominent investors including [...]
Budget rumours spark a surge in client queries for financial advisers October 10, 2025 Independent financial advisers have seen a significant uptick in client enquiries in the run up to the Budget, as speculation over tax changes continues to plague Brits. According to analysis from wealth management firm, Rathbones,90 per cent of independent financial advisers (IFAs) have reported a spike in client enquiries as the November Budget inches closer. [...]
UK outperforms US in creating unicorns from early stage VC investment October 9, 2025 The UK has created nearly three times as many unicorns than the US per dollar in early stage venture capital (VC) investment in the past decade, highlighting its attractiveness as an investment destination. According to analysis from venture-building firm IMS Digital Ventures, the UK has converted $18.5bn (£13.8bn) of early stage investment into 57 successful [...]
Webull UK enhances platform with UK shares and ETF offerings October 9, 2025 Digital investment platform Webull UK has expanded its offering as it cashes in on a renewed investor thirst to trade UK-listed equities and ETFs. Through its partnership with investment fintech company Upvest, customers will now be able to invest in domestic companies as part of its integration of UK stocks and ETFs on its platform. [...]
Lloyds banking group acquires remaining stake in Schroders personal wealth October 9, 2025 Lloyds Banking Group has completed the full acquisition of Schroders’ personal wealth arm, six years after the establishment of the unit. Lloyds acquired the remaining 49.9 per cent of Schroders Personal Wealth (SPW) from the asset manager, handing the bank sole control of the business. Lloyds noted the acquisition will support the group’s “ambition to [...]
China spying scandal: What the hell is going on? October 9, 2025 The head of MI5 warns that Chinese spying in the UK is taking place on “an epic scale” – yet the government can’t bring itself to describe China as a threat. What the hell is going on? Sir Ken McCallum, the Director General of MI5, doesn’t make many speeches in public. As one of Britain’s [...]
UK pension provider looks to launch defined benefit superfund October 9, 2025 British pensions provider, TPT retirement solutions, is seeking to launch a defined benefit (DB) superfund, that will hold schemes rather than sell them to an insurance company. TPT, a mid-sized provider which manages £11.1bn of pension assets, has secured capital to fund the launch of the DB superfund and the first £1bn of transactions, in [...]
UK IPOs predicted to rebound as London anticipates listings October 9, 2025 London IPO activity remained subdued in the third quarter of 2025, but improved market sentiment and a strong 2026 IPO pipeline suggests confidence in the capital’s flagship index is beginning to grow. Between July and September, there were just three listings on London’s secondary AIM market, raising £16.3m, according to EY-Parthenon’s market tracker. Overall, there [...]
Private market fund managers optimistic on real asset returns October 8, 2025 Private market fund managers are increasingly confident of strong returns being generated by real assets over the next decade, as assets under management in the sector continue to grow. According to exclusive research shared with City AM from investment service Wealth Club, nearly 70 per cent of fund managers predict annualised returns between 5 and 6 [...]
Hargreaves Lansdown co-founder to step down from board October 8, 2025 The billionaire co-founder of Hargreaves Lansdown is stepping down as board director of the personal investment business months after its £5.4bn acquisition by private equity firms, marking an end to his involvement in the business. Peter Hargreaves, who created the UK’s largest DIY investment site with co-founder Stephen Lansdown in 1981, will be handing his [...]