HSBC: FTSE 100 lender’s profit slumps as legal costs jump October 28, 2025 Europe’s biggest lender, HSBC reported better-than-expected revenue in the third quarter, but recorded a double digit decline in profit as it set aside over a billion dollars following a fresh ruling on the Bernie Madoff fraud scheme. HSBC’s pre-tax profit fell to $7.3bn (£5.4bn) in the three months to September 30, a fall of nearly [...]
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 [...]
HSBC makes $1.1bn provision after Madoff fraud ruling October 27, 2025 FTSE 100 banking giant HSBC has set aside just over a billion dollars following the resolution of an investment fraud case in Luxembourg. HSBC faced a lawsuit from Cayman Islands-based ‘feeder fund’ Herald Fund SPC in 2009, which accused the bank of claiming restitution of securities and cash that it said was lost in the [...]
Baller League chief: $100m cheque won’t get me to talk to you October 26, 2025 The man behind Baller League has said a $100m cheque will not be enough to buy a seat at its investment table. The indoor, six-a-side football competition, was founded in Germany but has since moved to the United Kingdom with plans to expand Stateside. The likes of Mats Hummels and Lukas Podolski were early Baller [...]
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 [...]
St James’s Place continues on its path to redemption October 23, 2025 The UK’s leading wealth manager, St James’s Place, has continued on with its work to move past its 2024 downfall, reporting a “strong quarter” as funds under management hit record highs. Gross inflows increased to £5.7bn, a 30 per cent jump from the £4.4bn recorded the previous year, while net inflows jumped 98 per cent, [...]
The ‘confidence gap’ is discouraging women from investing October 23, 2025 The UK financial services’ sectors fixation with the ‘confidence gap’ is actively turning women away from investing, a trading platform has warned. An analysis by Etoro of more than 80 UK reports on women investing by the financial services industry, found a repeated belief that the gender investment gap was caused by a lack of [...]
Autumn Budget: JCB boss calls on Reeves not to do anything ‘daft’ October 22, 2025 The chief executive of JCB has called on Chancellor Rachel Reeves not to do anything “daft” in her Autumn Budget which would deter inward investment. Graeme Macdonald, who leads the Staffordshire-headquartered manufacturing giant under chairman Lord Anthony Bamford, said he’s “not optimistic” about the Budget next month, adding that Reeves is “definitely” going to raise [...]
Lifetime ISA hands £1bn boost to Treasury coffers amid debate over purpose October 21, 2025 The Lifetime ISA has provided the Treasury with a significant fiscal boost each year since 2021, despite the government continuing to question whether it is ultimately fit for purpose. According to research from CBI Economics, commissioned by Moneybox, the Lifetime ISA (LISA) has delivered a net boost of £1bn to date for the government since [...]
Top Aussie pension funds wooed by Labour amid investment drive October 21, 2025 Some of Australia’s largest pension funds are being courted by the Labour government amid a rush to attract higher investment in the UK. Ahead of a summit in Birmingham, Australia’s largest pension fund AustralianSuper said it was still investing an extra £7bn UK assets over the next five years, a move praised by the government [...]