Jupiter shares crash to earth as top manager leaves and outflows accelerate January 9, 2024 Shares in London asset manager Jupiter cratered today after it revealed one of its veteran managers would be leaving the firm and outflows accelerated faster than expected towards the end of the year. In a trading update this morning, the London fund house said long-time manager Ben Whitmore, who has been with Jupiter since 2006, [...]
UK equity funds clock third straight year of outflows as investors continue to snub London January 9, 2024 UK equity funds have clocked their 31st consecutive month of net selling and third straight year of net outflows as investors snub the struggling London Stock Exchange for European and US markets.
Government should take ‘direct action’ to block firms floating outside London, City broker claims January 8, 2024 The government should grant itself powers to step in and block some companies from floating overseas or force them into dual listings in London, a top City broker has said.
Veganuary: Try this ‘completely revolutionary’ vegan steak January 8, 2024 This vegan steak is available in London supermarkets this year
Plus500 share price rises after trading surge helps firm end 2023 on a high note January 8, 2024 Across the year as whole, the fintech announced around $350m in shareholder returns, split between dividends and share buybacks.
Merry Clickmas: UK shoppers splashed £24bn online over festive season January 8, 2024 Christmas shoppers in the UK filled their carts with more than £24bn in online spending over the festive season, fresh data has revealed.
London Tube strikes CANCELLED following ‘positive discussions’ January 7, 2024 Tube strikes set to cause havoc for London's commuters and businesses this week have been cancelled. TfL warned, however, that there might still be some disruption tomorrow.
Natwest chair says “it’s not that difficult” to buy a house. The data disagrees. January 5, 2024 House prices continue to outpace wage growth but Natwest chair Sir Howard Davies has told youngsters it's "not that difficult" to get on the ladder
More misery for London retail as footfall flatlines January 5, 2024 London retailers took yet another battering over December as footfall fell -1.4 per cent on a year-to-year basis, according to new figures from the British Retail Consortium (BRC). Festive cheer did not appear to be enough to drag shoppers back to the capital’s high streets, with the figure widening from -0.4 per cent the [...]
Don’t give up on St James’s Place, Hargreaves Lansdown, Abrdn and Schroders just yet, says broker January 4, 2024 There are signs of hope for asset and wealth management firms in 2024 despite structural issues battering the industry, according to one broker, as the prospect of near-term interest rate cuts offers a boost to investment performance.