Investec downgrades ‘deeply underwhelming’ Martin Currie trust October 29, 2024 Investec has downgraded a Martin Currie-run investment trust due to its “deeply underwhelming” performance, arguing investors should sell out of the vehicle. The performance of the £234.5m Martin Currie Global Portfolio has been “concerning” and its attempts to keep its stock price up are “clearly not sustainable,” warned Investec analysts Alan Brierley and Ben Newell. [...]
How retail investors are bracing for a Rachel Reeves tax raid October 29, 2024 Fear among retail investors is building in the face of this week’s Budget, with Chancellor Rachel Reeves’ rumoured changes to capital gains tax and inheritance tax hanging over the heads of individual stockpickers. While capital gains tax currently sits at 20 per cent, speculation has spread that it could be hiked when the government lays [...]
The Notebook: We have to talk more about money! October 29, 2024 Money remains a conversational taboo for many Brits, but if we want a country of investors, we have to talk about it, writes Camilla Esmund.
Trading 212 continues come down after ‘exponential growth’ October 8, 2024 Profit at Trading 212 continued to decline in 2023 after the investing platform’s “exponential growth” in previous years, it has been revealed. The London-based company has reported a pre-tax profit of £32m for its latest financial year, down from the £40.5m it achieved in 2022. The latest total comes after Trading 212 posted a pre-tax [...]
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) [...]
The Notebook: Three quarters of Brits don’t invest – it’s time for a confidence boost October 2, 2024 Most Brits just aren't investing - but a little confidence could make all the difference, writes Camilla Esmund in today's Notebook.
UK retail investors shun risk in run up to US election October 2, 2024 Optimism and risk appetite have fallen over the last quarter among UK retail investors as August’s market wobble and fears over the US election build, City AM can reveal. Optimism fell 3.5 per cent and risk appetite dropped three per cent in the UK over the last three months, a survey of over 2,500 retail [...]
Freetrade revenue soars as platform launches share lending September 16, 2024 Revenue at investment platform Freetrade spiked 34 per cent in the first half of the year, bringing in £233m in new cash to the stock trading website. The group reported £2.5m in cost savings in its half-year results, moving it into profitability after losing £5.6m in adjusted operating profit during the first half of last [...]
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.