AJ Bell says Budget jitters are causing investors to pull pension money October 17, 2024 AJ Bell has warned uncertainty around Rachel Reeves’s Budget this month is causing investors to pull pension money from its platform and hold off contributing to their retirement pots. In a trading update for its financial year to September, the FTSE 250 firm said it had seen an acceleration of cash exiting the platform amid [...]
‘Musk is trying to compete in the Tour de France on a tricycle’: Tesla cyber cab launch falls flat October 11, 2024 Investors unconvinced on Elon Musk's newly released cyber cab
‘Hugely damaging’: AJ Bell warns Reeves against pension tax raid October 7, 2024 AJ Bell has added to mounting calls for Rachel Reeves to retreat from a raid on UK pensioners today as it warned rumours of the government’s tax plans were “hugely damaging” and “making people fearful about long-term saving”. In a call to the Chancellor, the FTSE 250 savings and investment platform, which is headquartered in [...]
City minister battles for UK to issue blockchain gilts October 2, 2024 City minister Tulip Siddiq is pushing for the UK to begin issuing gilts on the blockchain, despite resistance from other areas of the government. ‘Digital gilts’ would be a government bond issued and traded using blockchain technology, and Siddiq has been fighting for the prospect to modernise the UK financial system. “The underlying asset would [...]
‘Pension death tax’ on the cards as Reeves looks to raise cash September 24, 2024 Tom Selby, director of public policy at AJ Bell, said many of the possible reforms come with "significant practical and political challenges".
How Rightmove became London’s (and the FTSE 100’s) most profitable company September 3, 2024 From an unknown tech start-up to the undisputed king of the UK’s online property sector, Rightmove is a shining example of how to turn a simple idea into a whole lot of profit. In its most recent full-year results, the London-listed property portal astounded investors by revealing it had achieved a record 71 per cent operating profit margin – [...]
City sounds alarm over Starmer’s ‘painful’ Budget warning August 28, 2024 City figures have sounded the alarm over the Prime Minister’s warning of a “painful” Budget this autumn, urging him not to “punish risk takers” and warning against “taxing wealth creators”. Sir Keir Starmer delivered his first major address from the No10 Rose Garden on Tuesday as he cautioned that the state of the public finances [...]
Investors brace for Prudential results as stock price continues to disappoint August 26, 2024 Investors in insurance giant Prudential are bracing themselves for its half-year results this week after the company has struggled to keep its stock price stable over the last two years. The FTSE 100 constituent has seen its share price drop by nearly a third over the past year, slumping to its lowest point since 2012. [...]
Dividend tax payers double over last three years as bill soars to £18bn August 20, 2024 The number of people expected to pay dividend tax has almost doubled over the last three years, new data has revealed. Around £18bn is expected to be brought in from the dividend tax in the 2024/25 financial year, according to a Freedom of Information request from AJ Bell, with almost 3.6 million taxpayers forking over [...]
FTSE the exception: Global markets rally past ‘Black Monday’ after US recession fears ease August 16, 2024 Global markets have continued to rally after the ‘Black Monday’ event last week, which saw stock markets crash over fears of a US recession. Since then, markets have now bounced back, as fears over recession have faded after strong US retail sales data and unemployment numbers. The Japanese Nikkei 225, which fell almost 20 per [...]