Asos shares plunge as investors lose confidence March 17, 2025 Asos shares have slumped more than eight per cent in early deals this morning, extending losses recorded over the past few months as investors have lost confidence in the retailer’s turnaround plan. The e-commerce firm’s share price has dropped by a third in the last month and has fallen by half since the start of [...]
Who is the Lifetime ISA for? February 28, 2025 Lifetime ISAs have been the focus of policymakers’ considerations as they consider how to reform and simplify the UK’s savings landscape. In January, the Treasury Committee called for evidence from industry on whether the Lifetime ISA remains fit for purpose nine years after its creation. It has asked how the product could be reformed or [...]
Exclusive: Investment platforms flouting tax rules on ISA stocks February 6, 2025 Almost all UK investment platforms have been breaking HMRC rules by allowing stocks ineligible for tax relief to be put in ISAs, a City AM investigation has revealed. AJ Bell, Fidelity, Interactive Investor and many others have been allowing stocks that should not get tax-free status to be added to ISA portfolios, meaning capital gains [...]
Google parent firm Alphabet drops pledge on using AI tech for weapons and surveillance February 5, 2025 Google’s parent company Alphabet has removed its commitment to avoiding artificial intelligence (AI) applications for weapons and surveillance from its ethical guidelines. The tech behemoth stressed the importance of collaboration between businesses and democratic governments to develop AI that “protects people, promotes global growth, and supports national security.” The revised guidelines were announced in a [...]
Diageo: Guinness maker warns tariffs could offset recovery February 4, 2025 Drinks giant Diageo has cautioned on the effects of Donald Trump’s tariffs on its business, which outperformed analysts’ expectations this year after a significant contraction last year. US tariffs, “whilst anticipated”, could “impact [our] building momentum,” the Guinness-maker’s chief executive Debra Crew said, adding that the levies clouded the company’s ability to predict what would [...]
AJ Bell: DIY investment platform’s business booms January 29, 2025 AJ Bell saw assets under administration jump to £89.5bn by the end of 2024, as customers on the do-it-yourself investment platform surged twenty per cent throughout the year. The trading platform’s assets under administration jumped 17 per cent throughout last year, and three per cent in the last quarter, it said in a trading update [...]
RBG: Listed legal firm ‘temporarily suspended’ from trading January 28, 2025 Shareholders were informed on Tuesday morning that troubled listed legal group RBG Holding requested 'temporarily' suspension pending clarification of its financial position.
How City of London investors are bracing for Donald Trump 2.0 January 20, 2025 City investors are bracing for four more years of unpredictability on the global markets as Donald Trump returns to the White House as president. After banging the drum for punitive trade tariffs and US protectionism in recent months, Trump’s second term is expected to inflict more turmoil on global markets than outgoing president Joe Biden. [...]
Freetrade: IG Group swoops for trading app January 16, 2025 IG Group has acquired stock trading app Freetrade for £160m, as the FTSE 250 firm looks to target a new UK audience of traders. The trading platform, along with its 720,000 customers and £2.5bn in assets, will move to IG Group in mid-2025, subject to regulatory approval, the firm said in a stock exchange notice [...]
AIM-pocalypse: Number of £1bn firms on junior market falls to nine-year low January 6, 2025 Only six companies listed on London’s junior market AIM are worth more than £1bn, the lowest level for the exchange in nine years. The number of companies worth over £1bn has dropped by 80 per cent since the start of 2022 and almost halved over the last year, according to data from the London Stock [...]