Blackstone’s private credit fund hands investors record redemptions Investing The world’s largest alternative asset manager is allowing investors to pull a record amount of cash from its flagship private credit fund as anxiety continues to ripple through the trillion-dollar industry. Blackstone will permit investors to redeem 7.9 per cent of shares from the fund – the equivalent to a whopping $3.8bn. The financial giant [...]
Why Natwest splashed the cash for a slice of the wealth management pie Banking Natwest has opened its wallet for its biggest deal since the financial crisis, as the bank revives its appetite for acquisitions after the remaining government-owned shares in the business were finally sold. But after the FTSE 100 firm watched its share price sink into the red on Monday, will there be a sense of buyer’s [...]
UK’s wealthiest financier Michael Platt’s hedge fund in high-stakes tax fight Legal Hedge funder BlueCrest Capital Management, founded by the UK’s wealthiest financier, Michael Platt, will appeal at the highest court this week over a tax battle with HMRC. The case centres on the salaried members’ rules, which determine if limited liability partnerships (LLP) members are genuinely self-employed or ‘disguised employees’ for tax purposes. HMRC issued determinations [...]
Brits increasingly turning to ChatGPT for investment advice December 31, 2025 Far more UK savers are now turning to tools such as ChatGPT to help make investment decisions, new research shows. A survey of 1,000 adults by STRAT7 found that 55 per cent have used AI-powered platforms for financial guidance over the past year. On average, each user has invested around £2,350. City AM reported in [...]
First Equity sets sights on Northwest expansion December 22, 2025 Historic London-based stockbroker First Equity is set to expand into the Northwest of the UK with a fresh presence in Liverpool. The firm, an independent broking boutique dating back to the 1980s, offers investment services to companies listed on the London Stock Exchange, AIM, Aquis Exchange, and JP Jenkins Private Markets. Senior Investment Manager Neil Blankstone, [...]
AJ Bell: Revenue jumps as customer numbers surge December 4, 2025 Investment platform giant AJ Bell has reported a record financial performance after the group attracted thousands of new customers. Group revenue rose by 18 per cent over its financial year to the end of September to £317.8m, up from £269.4m the 12 months before. Profit before tax increased by 22 per cent to £137.8m, up [...]
CEOs say Reeves and Starmer are not doing enough – BGF boss November 18, 2025 Business leaders across the country feel the Labour government “certainly does not appear to be doing enough” to support them, the chief executive of investment giant BGF has said. Speaking on an up-coming episode of City AM’s Boardroom Uncovered podcast, Andy Gregory said a recent survey of BGF’s portfolio has revealed views from business leaders [...]
Reeves’ National Wealth Fund faces ‘very challenging’ growth goal October 28, 2025 Rachel Reeves faces an uphill battle as she looks to use her National Wealth Fund to ramp up the government’s economic growth mission, top MPs have warned. The Chancellor has touted the new unit as a growth-focused initiative that would unlock over £70bn in private investment. But in a new Treasury Select Committee report, the group’s [...]
MPs raise alarm as Rachel Reeves set to slash cash ISA limit October 25, 2025 Rachel Reeves has been urged to avoid slashing the cash ISA limit in the coming Autumn Budget as she looks to drive investment into the London stock market. The Chancellor is reportedly set to revive plans to cut the tax-free limit after putting previous proposals on ice after the move faced fierce backlash. The tax-free [...]
BGF: Investment giant eyeing up £500m in first external fundraise October 20, 2025 Investment giant BGF has revealed plans to raise external funds for the first time to tune of £500m. The organisation said the move would enable institutional investors the opportunity to invest in UK growth companies through BGF’s regional platform. Lazard has been appointed to advise BGF as it explores its options. BGF’s portfolio includes the likes of [...]