Investment industry shuns US stocks amid Trump tariff threat April 2, 2025 Investors are finally pulling back from US stocks amid uncertainty over president Donald Trump’s looming tariffs and potential for better gains in Europe and the UK. A survey of investment management CIOs from Asset Risk Consultants (ARC) found that a third of wealth managers slashed exposure to the US throughout the last quarter. Sentiment among [...]
Russians eye up London mansions – but what might they come back to? April 2, 2025 The UK government is sitting on around £1.1bn of sanctioned London housing stock from Russians accused of corruption or Kremlin links. Many Russians have withdrawn from new purchases in the capital due to the difficulty of getting a mortgage. There are still Russians who own property, and live, in London, but – and this is [...]
Takeovers outnumber IPOs three to one on London Stock Exchange April 2, 2025 There have only been four IPOs on the London Stock Exchange so far this year, compared to 15 takeover bids, leading analysts to worry that London’s equity markets are being rapidly depleted of strong companies. “It’s now been nine months since the UK general election and the pace of IPOs is nothing more than a [...]
City broker downgrades St James’s Place despite robust inflows April 2, 2025 RBC has downgraded St James’s Place’s target stock price, while Quilter and Rathbones both received upgrades. RBC analyst Ben Bathurst downgraded his price target on Britain’s largest wealth manager from 1,100p to 1,050p today. St James’s Place’s stock price underperformed today on the news, falling more than two per cent compared to a decline of less [...]
Heathrow warned about power supply days before outage closure, MPs told April 2, 2025 Heathrow Airport was warned about its power supply in the days before it closed because of an outage, MPs were told. Nigel Wicking, chief executive of Heathrow Airline Operators Committee, which represents airlines that use the west London airport, said there were a “couple of incidents” which made him concerned. The airport was closed to [...]
US tariffs: UK being ‘supine’ and should ‘retaliate’, Lord Rose urges government April 2, 2025 The UK has been “supine” to US President Donald Trump and should be “firm” and “find some way to retaliate”, Lord Rose has said. The businessman and former boss of M&S and Asda told Times Radio the government has been “supine” to President Trump and should be “firm” in threatening retaliatory tariffs. He said it’s [...]
New plans submitted for Custom House hotel development April 2, 2025 New plans have been submitted for the refurbishment of Custom House after years of hold-ups. The proposals include a 179-bed hotel, spa and restaurant offering, alongside a public access scheme. The Grade I building, on Lower Thames Street in the City of London, was the home of customs and trade for more than 200 years [...]
Raspberry Pi: Profit cut in half at FTSE 250 tech firm April 2, 2025 Raspberry Pi’s profit before tax fell 57 per cent over 2024 to just $16.3m (£12.6m) as issues with inventory correction finally hit the firm. The FTSE 250 tech firm’s adjusted operating profit dipped 15 per cent to $37.2m (£28.8m), it revealed in its annual results. Analysts had expected a fall in the firm’s profit, forecasting [...]
Gattaca: Ongoing industry troubles hit recruitment specialist April 2, 2025 affing specialist Gattaca has reported a slowdown in profit due to persistent difficulties in the recruitment market. The firm told markets this morning that profit after tax fell 34 per cent to £0.5m in the six months ended January 31. Net fee income, a key performance metric in the recruitment industry, fell three per cent [...]
Cash ISAs fall out of favour as investors flock to Stocks and Shares ISAs April 2, 2025 Cash ISAs are increasingly becoming unpopular with investors, while the number of Stocks and Shares ISAs has surged 57 per cent amid planned reforms to the investment wrapper. An analysis of HMRC data by Investengine revealed that new Cash ISA accounts have fallen seven per cent over the last five years, despite recently announced plans [...]
