Homeware retailers ‘draw short straw’ in economic crunch as Made.com nears collapse COST OF LIVING Homeware retailers are facing a turbulent 2023 as mounting operational costs and hesitant consumer sentiment piles the pressure on the sector. It comes as Made.com was still teetering on the brink of collapse on Monday after customers have pulled back from spending on pricier items like furniture. Last week, the ailing sofa seller said it [...]
AJ Bell strikes consultancy deal with founder £150k a year AJ Bell has struck a deal with a consultancy firm owned by founder Andy Bell today as he prepares to step down as chief executive and into an advisory role.
AJ Bell customers surge despite slide in assets under administration AJ Bell Retail investment platform AJ Bell reported a surge in customer numbers in the past quarter but said that assets under administration dipped five per cent as volatile markets rocked investors’ bets.
Top UK firms set to dish out £85bn in dividends this year July 12, 2022 Shareholders in Britain's top firms are set to pocket as much as £85bn in dividends this year as boardrooms pay out excess cash to investors, new research has revealed.
Andy Bell set to hand over reins of AJ Bell to CFO Michael Summersgill June 17, 2022 Retail investment platform AJ Bell revealed on Thursday its deputy CEO and finance chief Michael Summersgill will take over from co-founder Andy Bell as chief executive officer of the firm.
Investment platform AJ Bell has a boost in customers by a fifth April 21, 2022 Investment platform AJ Bell increased its number of customers by a fifth last year with an income of more than £1.5bn over the last three months. The company had an increase in the amount of assets under its guise to almost £75bn, which is an increase of nearly 15 per cent on the previous year, [...]
AJ Bell wades into commission-free retail investing space and plots launch of new app ‘Dodl’ November 29, 2021 AJ Bell has today announced it is wading into the crowded low-cost retail investing space with the planned launch of a new “easy to use” app called Dodl, to sit alongside its existing consumer platform Youinvest. In an effort to compete with the lowest cost investment platforms in the market and attract first-time investors, Dodl [...]
AJ Bell customer numbers leap as Covid measures ease October 21, 2021 Investment platform AJ Bell’s customer numbers swelled 30 per cent in its previous financial year. Results for the year ended September 30 showed total customer numbers increased to 382,754. In the final quarter of the financial year, net new platform customers increased 16 per cent and platform net inflows increased by 78 per cent, compared [...]
AJ Bell boosts management and appoints fourth woman to board August 18, 2021 Investment giant AJ Bell has shaken up its management to reflect its growth plans, adding two new leadership roles and the fourth woman to a board that has previously received criticism for its lack of progress on gender diversity. The investment platform, whose total assets under administration swelled to £70.4bn in the second quarter, today announced [...]
New investors flock to AJ Bell as platform hits £70bn assets under management July 22, 2021 AJ Bell continued to attract a substantial amount of new customers to its platform in the third quarter, delivering a 30 per cent increase in its total assets. In a trading update, AJ Bell said its total assets under administration for the three months ended June 30 rose to £70.4bn, a 30 per cent rise [...]