Plus500: Fintech group tops analysts’ estimates after boost in ‘high-value’ traders January 10, 2023 Fintech trading group Plus500 topped market expectations today as it said revenues for its full year swelled to around $832m on the back of a boost in "high value, long term" customers.
Hargreaves Lansdown’s shares appear to rally as founder rounds on trading platform’s bosses over hybrid advice plans January 8, 2023 The co-founder of trading platform Hargreaves Lansdown has launched a scathing attack on “unnecessary and irrelevant” programmes launched by its outgoing chief today, after a collapse in the FTSE 100 firm’s share price over the past three years.
Retail woes: 47 shops closed EVERY DAY in 2022 amid warning ‘big hitters’ could fall January 2, 2023 The UK’s retail sector had a bruising year in 2022 as more shops closed their doors than at any other point for at least five years. Around 47 sites shut up shop for the last time every day last year, according to new analysis. The Centre for Retail Research found that 17,145 shops on high [...]
UK consumers can expect a tsunami of offers and discounts in 2023, predicts retail heavyweight December 30, 2022 Consumers in the UK and across many other markets can expect a tsunami of offers, discounts and other price cuts in 2023 as retail’s focus is rapidly shifting to improving demand, according to an industry insider. As many retailers over-ordered in recent years, while there was a supply shortage, companies are now keen to get [...]
AJ Bell assets slide as volatility hits investors December 1, 2022 Trading firm AJ Bell said the value of assets on its platform had dipped two per cent in the past year as extreme volatility on the markets dealt a blow to retail investors' holdings.
City watchdog looks to boost access to financial advice for consumers November 30, 2022 The Financial Conduct Authority has laid out measures to widen access to financial advice today to allow consumers to “invest with confidence” amidst a cost of living crunch.
FCA warns trading firms over dangerous ‘gamification’ November 21, 2022 The UK’s financial watchdog has fired a warning shot at trading apps today over the so-called gamification of betting on the financial markets, amid fears unsophisticated investors are being lured in to bets against their own interest.
Harrods sees £15m drop in business rates assessment as retail undergoes dramatic revaluation November 21, 2022 More than half a million retail properties across England and Wales have now been revalued with new rateable values, which will be used to calculate business rates liabilities from 1 April 20023 to 31 March 2026, having been published showing a fall of 10 per ccent overall for the sector. The Valuation Office Agency, an [...]
UK retail sales rebound following growth in all areas except food shops November 18, 2022 UK retail sales rebounded slightly last month on the back of growth in all areas except food shops, according to new figures out this a.m. The Office for National Statistics (ONS) said retail sales volumes increased by 0.6 per cent in October, following a 1.5 per cent drop in September, which had been impacted by [...]
Appetite for high-emission foods growing as sustainability takes a back seat amid rising bills November 10, 2022 Brits are giving up on going green as over half of all consumers in the UK have ditched environmentally friendly products. This is largely due to the cost-of-living crisis as one in two Brits admit price is now significantly more important than health, sustainability and quality when it comes to the weekly food shop. Despite [...]