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, [...]
More than 5,000 Woodford investors sue Hargreaves Lansdown November 17, 2024 Hargreaves Lansdown, the UK's biggest retail investment platform, is being sued by more than 5,000 investors who claim it kept recommending Neil Woodford’s equity fund when it ran into problems.
The Notebook: Retail investing lessons from some of Britain’s top performers November 12, 2024 Looking to diversify your portfolio? Interactive Investor's Camilla Esmund lays out her no-nonsense guide to retail investing in today's Notebook.
Jupiter loses another fund run by star stockpicker October 30, 2024 Asset manager Jupiter has lost another fund run by star stockpicker Ben Whitmore, as the mandate for an Omnis fund has been taken away from it following Whitmore’s departure. The £573m Omnis Income and Growth fund is set to be shifted to being managed by Ninety One, after being run by Whitmore since July 2019. [...]
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.