FCA charges reality TV stars for promoting unauthorised trading scheme May 16, 2024 A number of reality TV stars have been charged in relation to promoting an unauthorised foreign exchange trading scheme on social media, the Financial Conduct Authority (FCA) announced today.
Polar Capital Healthcare trust rockets to success thanks to strong stock selection May 16, 2024 The trust performed much better than the previous year, where it grew only 4.2 per cent, thanks to strong stock selection and managing to outperform an already booming healthcare market.
Why pension trustees need to embrace a ‘win-win’ and back British firms May 16, 2024 Pension trustees must embrace a “win-win” and begin backing Britain’s homegrown tech companies if younger Brits are to retire with comfortable pension pots, the founding chief of the British Business Bank has warned.
Investing in the UK is back… to being the third least preferred option May 15, 2024 The UK has slowly climbed up the preference for investing in Bank of America's monthly global fund manager survey.
More than half of Invesco funds performance flagged as an ‘area of concern’ May 15, 2024 Asset managers are required to publish an Assessment of Value report annually by the Financial Conduct Authority.
City minister: Pension funds need to start pumping cash into London’s stock market May 15, 2024 UK pension funds need to start pumping cash into London’s stock market “fast”, the City minister will say today, in another warning shot at the sector as government tries to channel a wave of cash into the City.
Gamestop’s last gasp: A joke that has gone on too long May 14, 2024 Gamestop bounced back into the headlines yesterday, with the meme stock's price more than doubling within an hour of the market opening.
AI washing: How companies are using AI hype to bump up their share prices May 14, 2024 Overplaying claims about artificial intelligence in the hope of creating a 'halo effect' around their company and boosting their stock price is a new fad, spanning across a variety of sectors.
Evelyn Partners continues streak of inflows in rare asset management success story May 14, 2024 Evelyn Partners recorded a rare success story in the asset management industry, bringing in £300m in new money over the first quarter of 2024. The wealth management and accountancy firm recorded assets under management of £61.8bn by 31 March, up from £59.1bn at the start of the year thanks largely to strong performance. Market movement [...]
London Stock Exchange defends deregulation drive after pension group’s warning May 14, 2024 The London Stock Exchange has defended its deregulation drive today after a top pension group sounded the alarm over the lobbying activities of a City taskforce led by the exchange's chief executive Julia Hoggett.