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 [...]
Crowdcube: Turnover falls by half as losses continue December 13, 2024 Turnover at funding platform Crowdcube fell by half during its latest financial year as it continued to lose money, it has been revealed. The London-headquartered business has reported a turnover of £7.5m for 2023, according to newly-filed accounts with Companies House. The new figure comes after Crowdcube posted a turnover of £14.4m for the 15 [...]
Diageo: Shares in FTSE 100 Guinness, Baileys and Johnnie Walker owner are staging a comeback December 12, 2024 Shares in Diageo, the giant behind Guinness, Baileys and Johnnie Walker, are staging a comeback after falling to a historic low last month. The London-headquartered group, which also has a listing on the New York Stock Exchange, has seen its share rise to 2,581p in early trading today, up 3.6 per cent. The latest price [...]
The Notebook: Doom spending, girl math, and the impact of financial social media trends December 10, 2024 Many of us have heard the term ‘doom scrolling’ – where you feel like you’re mindlessly scrolling through social media, and I think we can all agree that you never feel better after it. But I hadn’t heard of the term ‘doom spending’ until recently. It’s a newer trend on social media which essentially glamorises [...]
UK adults spent more on Black Friday than they invested the entire year. Something’s gone wrong! December 6, 2024 When the average UK adult spends more on Black Friday than they invest in an entire year, it’s clear we’re losing the battle for consumer attention.
ISA changes to be government priority in 2025 says AJ Bell boss December 5, 2024 AJ Bell’s boss has said that ISA simplification is expected to be a priority for the government next year. “My understanding is that in 2025 we’ll see some progress on ISA simplification, and we’ll look to engage with government as part of that,” said AJ Bell CEO Michael Summersgill. There had been anticipation of a shakeup in [...]
Why Brits are backing cash and shunning the stock market December 5, 2024 Brits are sitting on a record amount of cash and shunning the stock market – Elliot Gulliver-Needham looks at why the UK has become a nation of savers. UK cash savings have surged to a record £2.1 trillion this month, up more than £51bn since the start of 2024, according to new data from Janus [...]
Etoro: ‘We could still float in London but things need to change’ December 3, 2024 The UK boss of trading platform Etoro has opened up about what the London Stock Exchange has to do to win its backing.
Women must invest – not to close the gap but to secure their independence November 30, 2024 It's not just about closing statistical gaps, getting women to invest is about securing their own freedom, writes Gina Miller.
Abrdn shakes up top team in turnaround push November 19, 2024 Abrdn’s new chief executive Jason Windsor has revamped his leadership team today as part of efforts to breathe life into the beleaguered asset manager after years of sluggish performance. In an statement today, the vowel-stripped FTSE 250 investment house revealed it had promoted its client head, Xavier Meyer, to chief of investments, and Richard Wilson, [...]