FCA sets out plans to open up bond market to retail investors January 31, 2025 The Financial Conduct Authority (FCA) has set out plans to slash “red tape” around the corporate bond market today in a bid to open up the asset class to retail investors and wealth managers. In consultation plans shared with City AM, the watchdog said it would look to coax more listed companies into issuing debt [...]
Microsoft and Meta defend AI spend post DeepSeek shock January 30, 2025 Tech giants Microsoft and Meta both addressed and defended their substantial investments in artificial intelligence (AI), despite recent headwinds. Both firms kicked off the earnings season on Wednesday, just days after Chinese startup DeepSeek broke the internet, as well as the market, on Monday. Its recent global traction followed the release of its new AI [...]
ECB cuts interest rates for fifth time after growth underwhelms January 30, 2025 The decision to cut rates by 25 basis points was widely expected by investors, and means the benchmark interest rate stands at 2.75 per cent.
Elon Musk says 2025 will be a ‘pivotal year for Tesla’ despite sales slowdown January 30, 2025 On Wednesday, electric vehicle (EV) giant Tesla reported a significant decline in profit for 2024, with its net income dropping over 70 per cent to $2.3bn (£1.83bn). The firm reported a profit of $2.3bn (£1.84bn) in the last three months of the year. Profit at Elon Musk’s group dropped despite an increase in sales, which [...]
Saturday Night review: Inside the mad origin story of Saturday Night Live January 30, 2025 Behind-the-scenes movies offering a glimpse behind famous moments in cultural history are having something of a moment. Some are great, like Mank’s dramatisation of the making of Citizen Kane in, and some are awful, like when Nicole Kidman donned horrifying prosthetics to play Lucille Ball in Being The Ricardos. This week, Ghostbusters: Afterlife director Jason [...]
Pembroke VCT boss Andrew Wolfson: ‘New founders aren’t blaming Brexit’ January 30, 2025 Pembroke VCT boss Andrew Wolfson has backed brands like TALA and Pasta Evangelists. He tells us the wisdom he's picked up along his career.
Five graphs the Bank of England will assess before interest rate decision January 30, 2025 The Bank of England's first interest rate decision of 2025 will take place next week, and investors widely expect rate-setters to reduce borrowing costs for a third time.
Purton to Breeze past the winning post with Silvery January 30, 2025 HONG KONG racing enthusiasts will need to rise early if they want to witness the Group Two Centenary Vase (6.00am) over nine furlongs. All eyes will be drawn to Happy Together, who has taken his form to another level this season with encouraging efforts behind champion Voyage Bubble, and then just failing to make it [...]
Johannes can keep rivals at Brahms length in Classic Mile January 30, 2025 RACEGOERS have a treat in store when they flock through the gates for the annual Chinese New Year meeting at Sha Tin in Hong Kong on Friday. With an 11-race programme, featuring the Group Three Centenary Vase (6.00am) over nine furlongs, and the Hong Kong Classic Mile (8.10am), bettors will be hoping for a successful [...]
St James’s Place: Britain’s biggest wealth manager has stock upgraded January 30, 2025 City broker Peel Hunt has upgraded St James’s Place this morning, after a strong set of results and a surge in share price. Britain’s biggest wealth manager reported £4.3bn in new money throughout 2024 this morning, sending its stock price up more than eight per cent to more than £10. The bump came from £1.5bn [...]