How Rachel Reeves could change the cash ISA May 12, 2025 News that Chancellor Rachel Reeves is preparing to launch a consultation on reforms to the ISA regime in the coming weeks has swept the City, re-kindling speculation of cuts to the cash ISA limit. In the Spring Statement earlier this year, Reeves confirmed that ISA reform was on the horizon, with changes to the regime [...]
Burberry’s share price jumps as tariff war cools May 12, 2025 Burberry’s share price jumped this morning after news of a US-China tariff deal boosted luxury stocks across the world. The luxury giant’s share price rose more than six per cent in early trades. It has risen nearly 20 per cent in the last month. The boost, which comes just ahead of Burberry’s yearly results on [...]
Heathrow airport scores record April May 12, 2025 Heathrow Airport reported an increase in transatlantic passenger traffic in April despite President Donald Trump’s policy changes sparking a sharp downturn in US tourism. Some 1.8m passengers travelled between North America and the UK’s busiest hub over the month, up 5.5 per cent year-on-year. Heathrow also said year-to-date traffic to and from New York’s JFK [...]
Fund managers fear for the future of the London Stock Exchange May 12, 2025 Leading fund managers are warning that sentiment towards the London Stock Exchange is drastically low following a meeting with Downing Street to discuss the issue. Nick Lawson, chief executive of investment group Ocean Wall, described UK equity markets as being at “rock bottom” following a meeting with Varun Chandra, the government’s special adviser on business. [...]
Augmentum leads fundraise for Peel Hunt-backed Retailbook May 12, 2025 Investment platform Retailbook has secured a £4.5m fundraise as the Peel Hunt-backed firm attempts to survive a lacklustre spell for the UK’s capital markets. The business, which helps retail investors get access to share issues normally reserved for institutional investors, has seen investors such as Augmentum Fintech join its list of shareholders. Previous investors in [...]
Volatility boosts IG Group after Freetrade deal completes May 12, 2025 IG Group has upgraded its profit guidance for the financial year after increased trading from high market volatility around global trade uncertainty boosted its revenue. “Elevated volatility across a range of asset classes, particularly in April, has resulted in higher levels of client trading activity than expected in typical market conditions,” the firm said in [...]
UK employer confidence falls to pandemic-era low May 12, 2025 Confidence among UK employers has fallen to lows seen only during the coronavirus pandemic as economic uncertainty over tariffs pile on top of rising costs for businesses. The number of UK employers expecting to increase headcounts over the next three months fell to the lowest outside of the pandemic, the latest survey of more than [...]
UK trading partners: China returns to top 10 as EU trade slumps May 12, 2025 China has returned to become a top 10 UK trading partner for the first time since 2022 after a slump in trade activity with the European Union. China is now the eighth largest trading partner for the UK, after countries like Ireland and Italy have declined significantly in popularity, data from Santander’s latest Trade Barometer [...]
India and Pakistan ceasefire shaken by clashes in disputed Kashmir May 11, 2025 A ceasefire to end the conflict between India and Pakistan was shaken by overnight fighting in the disputed Kashmir region. People on both sides of the line of control, which divides the territory, reported heavy exchanges of fire between Indian and Pakistani troops, though the fighting subsided by Sunday morning. The two countries agreed to [...]
Government wants to ‘go further’ with US trading relationship May 11, 2025 The government wants “to go further in terms of the trading relationship with the US”, the Home Secretary has said, as an American economist warned the deal struck with Donald Trump this week “isn’t worth the paper it’s written on”. Joseph Stiglitz told Sky News that had the UK worked with the EU on a [...]
