Inside Asda’s turnaround plan to win back customers from supermarket rivals August 9, 2024 It’s a difficult time to be at Asda’s helm – with sales down as well as competitors eating into its market share, the supermarket giant has announced an ambitious three-point turnaround plan to stave off further declines. Without a permanent CEO – the position has been empty since 2021 and filled on an interim basis [...]
Will private equity set its sights on AJ Bell, M&G or River Global after the Hargreaves Lansdown takeover? August 9, 2024 The takeover battle for Hargreaves Lansdown seemed to have finally reached a resolution this morning, and within hours of the details being announced, analysts were already speculating as to which London-listed asset manager could be next to fall to private equity. Ben Bathurst, analyst at RBC, said today that the planned investment by the private [...]
FTSE 100: London inches towards all-time high as markets anticipate rate call July 29, 2024 FTSE 100 stocks started the week with a surge, rising one per cent in the three hours after the opening bell, as the market holds its breath on whether the Bank of England will cut interest rates later this week. After the record performance of the FTSE 100 in May, where the index hit an [...]
Interactive Brokers is ready to shake up the UK trading market July 23, 2024 “Why is it,” Gerald Perez, the UK boss of global brokerage giant Interactive Brokers, told City A.M., “that UK investors can trade anywhere around the world on our platform for less than £3, but other platforms charge £10 for investors to trade in their home market?” Although it’s currently a fairly small player in the [...]
City sounds alarm on health of London’s AIM market as listings hit 20-year low July 23, 2024 Leading City figures have sounded the alarm over the health of London's AIM market after a new analysis revealed the number of companies quoted on London's junior market to be at a 20-year low.
‘Strong momentum’ continues at investment platform AJ Bell as inflows jump July 18, 2024 Summersgill also said the firm was "actively engaging" with the new government on its pledge to boost retail investment through simplification of the ISA system.
Investment platforms urge ‘radical’ ISA reform to unlock £30bn in UK market July 15, 2024 The bosses of the largest investment platforms in the UK have called for a "radical" simplification of the ISA regime, arguing that reform could unlock £30bn to boost British equities.
Analysts: A mining takeover boom could be around the corner July 12, 2024 Rising demand for raw materials coupled with a meagre new supply could spur a mining takeover boom, according to analysts.
How Rolls-Royce became the ‘hottest stock’ in the FTSE 100 – and what could happen next June 24, 2024 Rolls-Royce has been dubbed the "hottest stock" in the FTSE 100 after being transformed from a "burning platform" to being worth £40bn.
Asda has been ‘left behind’ by Tesco and Sainsbury’s since Issa brothers’ takeover June 11, 2024 How has Asda performed compared to Tesco, Sainsbury's and Aldi since being taken over by the billionaire Issa brothers and TDR Capital?