Social impact investors demonstrate ‘stability’ as market hits £10bn October 8, 2024 Britain’s social impact investment market has “once again” grown, as investors show confidence within impactful investments, a new report has revealed. According to an annual assessment by one of the UK’s largest impact investors, Better Society Capital, the social impact investment market jumped seven per cent in 2023 to £10bn, up from £9.4bn in 2022. [...]
Etoro: ‘Gradual thawing’ of financial markets fails to stop trading platform taking back step October 3, 2024 A “gradual thawing” of financial markets failed to stop the UK arm of stock trading platform Etoro taking another backwards step financially during 2023, it has been revealed. The UK arm of the Israel-headquartered trading and investment group has posted a net income of $125.7m (£95.8m) for the 12 months, down from the $147.2m (£112.2m) [...]
UK signs trade pact with Thailand in bid to boost exports September 18, 2024 The UK has signed an enhanced trade pact with Thailand in an effort to boost British exports and drive investment. Trade minister Douglas Alexander inked the enhanced trade partnership (ETP) agreement with Thai commerce minister Pichai Naripthaphan in Bangkok this morning (Wednesday). It came during the Blair-era minister’s first visit to Asia after being re-elected [...]
Seedrs: Fewer deals and lower investment hits revenue at crowdfunding platform ahead of Republic Europe name change September 12, 2024 Seedrs suffered a 10 per cent cut in its revenue after fewer deals and less investment were made through its crowdfunding platform in 2023. The business has reported a revenue of £6.1m for the 12 months, down from the £6.8m it posted in 2022. The London-headquartered company provides an online platform for investing in early [...]
Robinhood boss: Why UK public should trust trading and investing app after Gamestop saga September 10, 2024 In this episode of Boardroom Uncovered, the boss of Robinhood UK Jordan Sinclair talks about his journey from South Africa to the City of London, how the trading and investing app is taking on the likes of Hargreaves Lansdown and AJ Bell as well as what kind of a leader he is.
RM Funds poaches Brooks Macdonald fund mandate September 5, 2024 RM Funds, best known for its shareholding in embattled investment trust Home REIT, has won the mandate for the £146.6m Brooks Macdonald Defensive Capital fund. The Defensive Capital fund, which will be renamed as the RM Defence Capital fund, was launched in 2010. It is built as an all-weather return fund with low volatility through [...]
Listed firms could ‘miss out on £125bn’ by handing over pension funds to insurers August 27, 2024 A major pension scheme adviser has calcluated that listed firms with defined benefit pension funds could miss out on £125bn by making increasingly popular buy-out or buy-in deals with insurers.
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 [...]