St James’s Place: UK’s largest wealth manager kicks off share buyback August 27, 2024 St James’s Place has kicked off a fresh share buyback programme as the UK's largest wealth manager looks to bounce back from a tough year.
Volatility and new markets help Plus500 to ‘excellent’ first half August 19, 2024 Plus500, the spread betting and CFD provider, has reported an “excellent” start to its financial year. For the year to 30th June, the company reported revenue of $398.2m (£307m) up eight per cent year on year. The company also reported earnings before interest, tax, deprecation and amortisation (EBITDA) of $183.9m (£142m) for the period, up [...]
Inmotion Ventures: Jaguar Land Rover’s investment arm slips to loss after busy year August 12, 2024 Inmotion Ventures, the investment arm of Jaguar Land Rover (JLR), made a loss during its latest financial year after backing six new companies. The Coventry-headquartered business has posted a pre-tax loss of £2.6m for the year to March 31, 2024, newly-filed accounts with Companies House have revealed. The loss comes after Inmotion Ventures made a [...]
TP ICAP: Broker’s shares jump to three-year high after profit beat and fresh buyback August 7, 2024 Shares in inter-dealer broker TP ICAP jumped as much as 15 per cent on Wednesday after its half-year profit beat market expectations and it launched a third share buyback programme.
Wealth manager Quilter posts record adjusted profit as investors’ nerves ease August 7, 2024 FTSE 250 wealth manager Quilter has reported a record adjusted profit amid a recovery in net inflows and improvements in global equity markets.
Abrdn records net inflows as fund manager prepares to appoint new chief August 6, 2024 Abrdn has reported improved flows and progress on its cost-saving efforts as the fund manager gears up to appoint a new chief executive.
Hargreaves Lansdown extends takeover deadline for third time August 5, 2024 Hargreaves Lansdown has for the third time extended the deadline for a group of private equity bidders to make a firm £5.4bn takeover offer during a crucial week for the UK’s biggest retail investment platform.
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 [...]
The Notebook: The stocks dominating retail investment this month July 10, 2024 Victoria Scholar takes the notebook pen to tell us the latest trends in retail investing, from AI to US banking.
Kitwave sees profit slide despite uptick in revenue July 2, 2024 Kitwave Group, a wholesale delivery business listed on the Aim market, has blamed falling demand for its foodservice and hospitality division and being behind a small drop in profit in the first major set of results since its founder and CEO Paul Young retired.