Liontrust profits roar past £96m after resilient inflows June 22, 2022 Asset manager Liontrust posted a 64 per cent surge in pre-tax profits today after bucking the outflows seen across the sector in the past year.
Uber drivers add to travel chaos after union calls for strike June 22, 2022 Uber drivers have joined the wave of industrial action bringing the country to a standstill today after the App Drivers & Couriers Union (ADCU) called for a 24-hour national strike until midnight tonight.
Berkeley Group profits rise to over £550m after ‘exceptionally volatile period’ June 22, 2022 The boss of property developer Berkeley Group hailed “extraordinary” progress made in the past year today as the firm posted a 6 per cent rise in pre-tax profits for the full year to April.
BNPL set to hit $607bn by 2026 despite regulatory scrutiny, analysts predict June 21, 2022 The global buy-now pay-later credit market will swell to $607bn by 2026 despite increased regulatory scrutiny of the sector, analysts have predicted.
UK firms risk hamstringing FCA with information overload, former top official warns June 21, 2022 UK firms risk hampering decision making at the City’s top regulator by overloading it with unnecessary information, a former top Financial Conduct Authority official has warned.
Watchdog set to review fees charged by Visa and Mastercard June 21, 2022 The UK’s top payments regulator has set out plans for two wide ranging reviews of Visa and Mastercard’s operations in the UK today amid concerns over soaring card fees.
FinnCap boss Sam Smith to step down after 24 years June 21, 2022 The boss of AIM-listed brokerage finnCap is set to step down after more than 20 years in the role, the firm announced today.
Gilbert’s AssetCo buys Edinburgh asset manager to bolster Scottish business June 21, 2022 Martin Gilbert’s asset management vehicle AssetCo has snapped up Scottish firm SVM Asset Management Holdings for £10.7m, as it looks to broaden its footprint north of the border.
Legal challenge over retail price index changes could cost taxpayer $40bn, analysts warn June 21, 2022 The government could be forced to fork out as much as £40bn in compensation if a legal challenge launched today over the Treasury’s move to recalculate retail prices succeeds, analysts have warned.
Bank of England prepared for ‘aggressive’ action to tackle inflation, says top economist June 17, 2022 The Bank of England's chief economist said policymakers are ready to take “aggressive action” if there is further evidence that soaring inflation is becoming embedded in pricing by firms.
