FTSE 100 continues longest winning streak since 2017 April 30, 2025 The FTSE 100 is on track for another strong day after 12 days of positive performance, marking its best winning streak since 2017 amid a calming of investor nerves over an erratic US tariff policy. London’s main index has had a positive performance every day since 10 April, and is currently up 0.12 per cent [...]
FCA vows to slash red tape by 70 per cent for investment firms April 24, 2025 The Financial Conduct Authority (FCA) has laid out new rules as it bows to government pressure to slash the amount of red tape on investment firms. The move, designed to streamline what types of funds investment firms must hold to absorb losses and maintain financial resilience during periods of stress, is expected to reduce the [...]
Firms must move faster to prepare for T+1 April 23, 2025 Two thirds of the global investment industry is now preparing for the UK’s transition to a shorter settlement window, but more firms should act now to avoid a last minute scramble, says Chris Elms A new survey of financial firms reveals that almost two thirds of the global investment industry is now actively preparing for [...]
Hargreaves Lansdown co-founder returns to board after £5.4bn takeover April 21, 2025 The billionaire co-founder of Hargreaves Lansdown has made a surprise return to the investment platform’s board following its private equity takeover last year. Peter Hargreaves, who helped set up the investment site in 1981 and stepped down as a director a decade ago, will reappear on the company board in a non-executive role. Hargreaves has [...]
British investor eyes 23andMe rescue as it files for bankrupcy March 28, 2025 A major British investor is exploring a potential rescue plan for 23andMe, after the consumer genetics company filed for bankruptcy protection in the US. Richard Magides, director of Singapore-based Zentree Investments, and one of the firm’s largest shareholders, had been reportedly increasing his take in the firm in the lead up to its Chapter 11 [...]
Reeves urged to drive financial literacy in Spring Statement March 25, 2025 In what will be a busy week for the Chancellor, Rachel Reeves has been urged to not forget the importance of improving financial literacy in her Spring Statement. Jordan Sinclair, the president of financial services firm Robinhood UK, told City AM the UK has “the ingredients in order to improve” but now was the time [...]
Will the government’s £2bn affordable housing top-up make a difference? March 25, 2025 The government has ploughed a ‘top-up’ investment of £2bn into the UK’s affordable housing sector as part of its pledge to revitalise residential construction. Officials say it will get working people and families into secure homes, while detractors say it doesn’t go far enough and might even be less money than the sector had anticipated. [...]
The Debate: Should we go back to buying gold? March 19, 2025 As gold prices reach record high, is it time to start investing in the yellow metal? Two experts hash it out in this week's Debate.
Reeves needs to make ‘long overdue’ changes to spending, CBI says March 19, 2025 Chancellor Rachel Reeves has been urged to make “long overdue” changes to government spending as the Confederation of British Industry (CBI) demanded greater investment in innovation. The Chancellor has previously said she is willing to “fight” for growth but leading economists have raised the alarm about an incoming recession. The CBI suggested that an economic [...]
Oracle: Billionaire backer of Donald Trump to invest billions in the UK March 17, 2025 Oracle, the US technology giant founded by a major billionaire backer of Donald Trump, has announced plans to invest $5bn (£3.9bn) in the UK. The company, which was co-founded by Larry Ellison, said it will invest the money over the next five years to ‘meet the rapidly growing demand for its cloud services in the [...]