UK wealth managers endure share price plummet amid AI tool fears Investing Shares in some of the UK’s largest wealth managers tumbled on Wednesday, as investors grew concerned about the potential competitive pressure from a new AI-led investment tool. Britain’s biggest wealth group, St James’s Place, suffered a 12.7 per cent drop, trading at 1,265 pence, after US-based wealth management platform Altruist launched a tool to help [...]
Old hands vs new kids on the block: Investment platforms battle for customers Investing Last year marked a significant change in attitudes towards retail investing in the UK, after the Treasury made tearing consumers away from the safety of their cash savings a firm ambition. In the government’s bid to revitalise London’s flagship index, Rachel Reeves slashed the cash ISA allowance from £20,000 to £12,000, introduced a three year [...]
Mark Kleinman: Reeves’ ISA reforms pose more risk than reward Business Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column Reeves’ ISA reforms pose more risk than reward If it ain’t broke, don’t fix it. That sounds like the right epithet to apply to the Treasury’s approach to reforming individual savings accounts (ISAs), one of the [...]
AJ Bell boss: Rachel Reeves ISA reforms ‘doomed to fail’ January 16, 2026 The chief executive of a top investment firm has issued a scathing broadside against the Chancellor’s proposal to restrict cash ISA limits. In a letter seen by Sky News, AJ Bell chief executive Michael Summersgill wrote to Rachel Reeves that efforts to push Brits towards investing with limits on cash savings are “doomed to fail”. [...]
Games Workshop shares slip despite Warhammer sales surge January 13, 2026 Games Workshop has dished the cash back to its shareholders after a record-breaking half-year performance driven by a surge in global demand for its Warhammer miniatures. The £6bn gaming giant – which entered the FTSE 100 in December 2024 – reported a 10.9 per cent increase in revenue, breaking £332m for the half-year ending 30 [...]
AJ Bell: Revenue jumps as customer numbers surge December 4, 2025 Investment platform giant AJ Bell has reported a record financial performance after the group attracted thousands of new customers. Group revenue rose by 18 per cent over its financial year to the end of September to £317.8m, up from £269.4m the 12 months before. Profit before tax increased by 22 per cent to £137.8m, up [...]
FTSE 100 Live: Budget to send borrowing costs soaring; New AIM IPO December 4, 2025 Good morning and welcome back to the City AM liveblog. Sir Keir Starmer has asked the British public to judge his premiership on the government’s ability to “make people feel better off”. Well, in the capital the Prime Minister shouldn’t be expecting a warm reception from young Brits, who are feeling the pinch of the [...]
Argos treated like an ‘unloved child’ by Sainsbury’s December 4, 2025 Argos “is not performing to the best of its ability” and the strategy of its owner, FTSE 100 giant Sainsbury’s, has left it like an “unloved child”, according to an analyst. The future of Argos was thrust into the headlines after Sainsbury’s confirmed in September that it was in discussions to sell the retailer to Chinese e-commerce giant [...]
The FTSE 100’s good year masks a much deeper problem November 24, 2025 The FTSE 100 has had a good year by recent standards. Up nearly 16 per cent, it has outperformed the S&P 500, Nasdaq, Stoxx 600 and Paris’s Cac. What’s more, three new listings in October even suggested that a well-documented dearth of IPOs was coming to an end. But a look below the surface shows [...]
Interactive Investor abandons retail campaign in fresh blow to Rachel Reeves November 19, 2025 Chancellor Rachel Reeves’ plans to increase investment in the UK stock market has been hit with a fresh blow, as Britain’s second largest retail investment platform pulls out of the government backed marketing campaign. Interactive Investor, which is owned by London listed investment manager Aberdeen, has become the latest well known name to abandon the [...]