Bobby Arora: B&M bigwig sells London pad near Buckingham Palace for 30 per cent loss March 8, 2024 British billionaire and trading director for budget retailer B&M has sold his London mansion for a 30 per cent loss.
Spring Budget 2024: British ISA unveiled to push UK retail investment March 6, 2024 The new ISA, which will be introduced after a consultation into the implementation, will allow investors to put an extra £5,000 into UK equities.
Rathbones sees higher outflows as Investec Wealth merger ‘progressing well’ March 6, 2024 Rathbones' funds under management and administration came in at £105.3bn, compared with £60.2bn in 2022. This figure included £42.2bn from IW&I.
Investec Champions Cup Barometer: Leinster back on the war path March 5, 2024 In the lead up to the 2023-24 Investec Champions Cup Round of 16, City A.M. has put together a barometer in partnership with Investec to assess which teams are hot – and which are not – ahead of April’s knockouts. Team of the week: Leinster Having lost in a friendly to Saracens last week Leinster [...]
Investors flee bonds and stocks to cash as interest rates stay high March 4, 2024 UK retail investors are increasing flocking to cash over other investments as interest rates remain at sky-high levels. Interest rates are at their highest level in over 15 years, at 5.25 per cent, leaving many investors to see a guaranteed return on cash as more appealing than stocks or bonds. UK households now hold 31 [...]
ECB ‘in no rush’ to cut interest rates as markets hunt for signs of a pivot March 3, 2024 Having hiked interest rates to their highest levels in more than two decades, the ECB is now considering when to start easing the pressure on households and businesses.
Politics to set the tone for markets as election campaigns step up March 3, 2024 Politics will compete with economic data for investors' focus this week, with events in the US and the Spring Budget likely to attract a lot of attention alongside the latest figures on the US labour market.
Women more likely to find top roles at family-run businesses – here’s why March 1, 2024 The analysis, compiled from the 2023 London Stock Exchange and IPO data and conducted by Investec Wealth & Investment (UK), showed just 16 per cent of directors of the firms that completed IPOs in 2023 are women.
Investec Champions Cup Barometer: Saracens put spell on Leinster February 27, 2024 In the lead up to the 2023-24 Investec Champions Cup Round of 16, City A.M. has put together a barometer in partnership with Investec to assess which teams are hot – and which are not – ahead of April’s knockouts. Team of the week: Saracens The 16 remaining teams in the Investec Champions Cup may [...]
Mark Kleinman: Elliott will need more to ‘Curry’ investor favour February 22, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the City talking in his weekly City A.M. column.