IG Group experienced a 21 per cent drop in adjusted profits before tax in the second half of 2023, which acting CEO Charlie Rozes credited to “unexciting markets” for its …
Financial Planning
Auto finance industry could face £16bn in compensation payouts from FCA probe
UK auto lenders could be hit by up to £16bn in compensation payments after the City watchdog confirmed its probe in historic commission arrangements would look at cases going back …
Halfords remains confident despite sales falling below expectations
Halfords has said it remains confident despite its third quarter sales falling below expectations. The Redditch-headquartered group added it has been boosted by a “strong start” to its final quarter, …
Workspace: London office provider’s chief to retire after 16 years at the helm
Flexible office provider Workspace will kick off the recruitment process for a new chief executive, following the retirement of its current boss. Graham Clemett, who has served nearly 16 years …
Worst corporate jargon of the week: Bandwidth
Every one of us has been an email chain which is borderline unintelligible for the amount of corporate lingo thrown in there. At City A.M., we’re taking a stand and …
FTSE 100: Markets dip lower ahead of ECB meeting, IG group shares plunge
London’s FTSE indexes opened lower on Thursday as wariness about the likely path of interest rates resurfaced ahead of the European Central Bank’s (ECB) latest decision. The FTSE 100 dipped …
Ed Warner: What politicians get wrong on policy and how I would fix it
Britons may now be only four months away from their day in the polling booth. Policy wonks will be doing their wonking, party manifestos in early draft form, PR grids …
St James’s Place brings in £5.1bn of new money as funds swell by £20bn
St James’s Place brought in £5.1bn in inflows throughout 2023, staying well above water but still experiencing a decline from its £9.8bn in new money in 2022. In a stock …
Treasury changes will hit angel and small investors ‘hard’ – with start-ups fearing the worst
Hundreds of start-up and tech investors launched a pressure campaign on the Chancellor Jeremy Hunt over plans to redefine a key segment of the market, which they claim could potentially …
Fuller’s: Pub chain in ‘great shape’ after strong 2023 topped off by bumper Christmas
Pub and hotel chain Fuller, Smith & Turner, reported strong Christmas and New Year sales driving growth last year. Fuller’s, which operates almost 400 pubs and inns, said in the …