Abrdn: Investment trust cost disclosure reform ‘at risk of stalling’ March 13, 2024 Reforms around the cost disclosure of investment trust that the sector has been clamouring for are "at risk of stalling", Abrdn has warned.
Pensions take another step towards private markets in Schroders Phoenix joint venture July 31, 2024 Schroders and Phoenix Group have launched a new private markets manager, Future Growth Capital, with £1bn in backing. The new joint venture between the asset manager and pension giants is a significant step for the pensions industry into private markets, a direction the industry is clearly heading in. “Schroders bring the private markets capabilities, and [...]
Santander: Bank cuts UK mortgage lending by more than £10bn October 25, 2023 Santander's UK division saw healthy pre-tax profit in the first nine months of 2023 but has slashed UK mortgage lending amid higher interest rates.
Mulberry blames tourist tax and slowdown in luxury demand for falling sales January 17, 2024 British fashion house Mulberry has blamed a slowdown in demand for luxury spending for a nine per cent decline in sales over the golden quarter.
More fintechs secure UK banking licences as Revolut struggles to get approval September 7, 2023 Two new challengers succeeded in securing banking licences from regulators today, raising more question marks for Revolut as it struggles to get approval from the City watchdogs.
Stamp duty holiday costs government more than £500m in lost taxes February 3, 2021 The government lost out on more than half a billion pounds in taxes due to the stamp duty holiday, according to the latest figures. Data from HM Revenue and Customs (HMRC) showed that overall stamp duty land tax receipts fell 16 per cent to £2.76bn in the fourth quarter of last year, compared to £3.29bn [...]
Investment research review plots a positive path forward July 20, 2023 Lord Holmes details an expert review of the state of investment research he believes will open greater opportunities for London.
UK firms move more head office roles outside London amid soaring costs April 1, 2024 UK companies are increasingly moving head-office jobs outside of London, according to new data, amid rising living and housing costs in the capital.
EU remains firm on post-Brexit clearing plans despite pressure on both sides of the Channel May 24, 2023 The EU is set to reject calls to rethink its approach to the clearing business despite mounting pressure on both sides of the Channel. The EU’s financial services commissioner Mairead McGuinness said the plans were vital to the EU’s “financial resilience”. “I want to underline that this matter is actually not so much about Brexit. [...]
Taylor Wimpey: Housebuilder suffers dent to profit ahead of planning reform July 31, 2024 Housebuilder Taylor Wimpey suffered a dent to revenue and profit in a set of half year results in which it hailed the new government's "recognition" of planning laws as being a "major barrier" to housebuilding.