Royal London to share £181m of profits with customers March 7, 2025 Royal London’s profits soared last year and it’s planning to hand some of this back to customers. Pre-tax profit at the firm grew 11 per cent to £277m, compared to £249m in 2023, after the group bolstered new businesses and consolidated its consumer book. The group announced a profit share of £181m in its annual [...]
Investors pulled £3bn from funds in January amidst economic uncertainty March 6, 2025 Investors pulled £3bn out of funds amidst geopolitical and economic instability in January. This marked a sharp reverse from December, when £2.3bn had flowed into funds, according to data published by the Investment Association (IA). The research said macroeconomic conditions on the home front, namely the reacceleration of inflation, had played a part in the investment [...]
Government set to slash red tape for investment industry March 5, 2025 The government is set to launch a consultation aiming to slash red tape from the alternative investment industry, City AM understands. City minister Emma Reynolds is set to launch the consultation, which will begin in the coming weeks, while addressing top brass in the private equity and venture capital sector later today. Speaking at a [...]
Government offered lifeline on declining infrastructure investment February 26, 2025 A new industry group is offering ideas to the government on how to fix miserable infrastructure investment and increase the number of planners. The Purposeful Finance Commission (PFC) has laid out a plan to privately source and administer a £22.5m fund that would aid the Government’s target of hiring 300 additional planners. Rachel Reeves referenced [...]
London Stock Exchange boss: UK needs to change ‘perverse’ view on retail investment February 25, 2025 "We have a regulatory structure that has historically made it easier to buy a riskier product and then hardest to buy the least risky product in the stack, which is perverse," she said.
HSBC Innovation Banking bets £30m on fintech Clearscore February 25, 2025 HSBC Innovation Banking has backed global fintech Clearscore lending £30m in debt financing. After first partnering in 2017, the fintech said the continued support of the bank will help drive further business growth across domestic and international markets. Clearscore credited the lender for its “vital role in its global expansion” with the financial marketplace now [...]
Higher taxes will force two-thirds of hospitality business to cut jobs February 24, 2025 The hospitality sector will be drastically affected by higher taxes on employees’ wages, a new survey has found. A majority of businesses will reduce employment, while over one in ten have to close at least one site and just under two thirds will cancel investment, according to UKHospitality. The UK’s three core hospitality trade bodies [...]
Jonathan Reynolds relaunches trade deal talks with India February 24, 2025 The UK has relaunched talks on a free trade deal with India, with Jonathan Reynolds in New Delhi to resume negotiations. The business and trade secretary begins refreshed discussions with his Indian counterpart commerce minister Piyush Goyal in the South Asian capital today (Monday, February 24), marking a new phase of negotiations between the world’s [...]
UK fintech investment hits four-year low February 18, 2025 Fintech investment in the UK had another sluggish year with new data showing it sunk to a four-year low in 2024. KPMG’s bi-annual fintech report showed UK fintech investment fell by 27 per cent to £7.9bn last year, down from £10.1bn in 2023. Despite this, the UK managed to scoop up more funding than France, [...]
Top executives back sport clubs and tech as attractive investments January 28, 2025 Over two thirds of business executives see clubs and franchises as the most attractive investment opportunity over the next half-decade, new research has revealed. Over a quarter of executives asked instead said leagues and federations were preferred while nearly one fifth favoured participation events, according to Altman Solon’s Global Sports Survey. It is a tonic [...]