UK Financial News

17.10 / 10:06

UK funds Aum Jupiter Jupiter revamps charging structure as it suffers £1bn net outflows

Matthew Beesley (pictured), CEO Jupiter

17.10 / 08:13

economics inflation Bank of England UK CPI Office for National Statistics job vacancies fall UK wage growth eases at 7.8% as job vacancies fall

In real terms, adjusted for inflation using the Consumer Prices Index (CPI) and including housing costs, total pay rose year-on-year between June and August by 1.3%.

16.10 / 19:09

Citi UK country voice reports guidelines ad UK City Minister Andrew Griffith Advocates Clarity in Crypto Ad Rules

UK City Minister Andrew Griffith has called for more clarity and flexibility in the country's recently enacted crypto advertising rules, according to a Financial Times report.

16.10 / 08:07

economics inflation Bank of England UK Interest rates International Monetary Fund BoE's Andrew Bailey: 'There is an awful lot still to do' to bring inflation down to 2% - reports

Andrew Bailey (pictured) said the 'last mile' in the fight against inflation will be the toughest yet.

12.10 / 15:41

regulation UK Financial Services Asset management Wealth managers Treasury financial conduct authority FCA to consult on amending regimes for alternative fund managers and retail funds

There was also feedback on whether non-UCITS funds might be rebranded to help rationalise the regime, and if so, how best to do this.

12.10 / 15:41

UK companies Results outflows MPs Brooks Macdonald funds business hit by outflows as MPS platform grows

UKIM discretionary funds under management grew 0.6% over the quarter, with positive net flows driven by the firm’s MPS platform.

12.10 / 15:41

regulation UK companies Financial Services Wealth managers Unit trusts/OEICs Woodford investors to vote in single class as scheme of arrangement vote delayed

The scheme meeting and vote has been delayed to 13 December 2023.

12.10 / 13:27

economics UK GDP Office for National Statistics UK economy UK economy bounces back in August as GDP ticks up 0.2%

In the three months to August, GDP increased by 0.3% when compared with the three months to May 2023, with growth in all sectors.

11.10 / 16:25

UK companies Metro Bank Metro Bank bondholders approve refinancing deal

More than 75% by value have backed the deal.

11.10 / 14:02

Europe Morningstar UK bonds equities Morningstar: Over 60% of active bond managers outperform passive rivals

Despite the short-term rosy picture for active managers, Morningstar said over the long term, success rates 'remain solidly in favour of passive funds'.

11.10 / 14:02

economics Bank of England UK kpmg Jobs Low Pay growth eases as UK starting salary inflation drops to two-and-a-half-year low

According to the report, companies remained hesitant to commit to new permanent hires due to ongoing economic uncertainty and efforts to control costs.

11.10 / 09:47

NFTS UK Copyright committee UK Parliament Committee Urges Government to Address NFT Copyright Infringement

The UK’s Culture, Media and Sport Committee, a cross-party parliament group, is recommending the Government take action on the “widespread copyright infringement” in non-fungible tokens (NFTs).

10.10 / 15:21

economics UK US Interest rates IMF GDP Eurozone IMF: Global economy has 'little margin' for monetary policy error

'Easing prematurely would squander the gains achieved in the past 18 months,' the IMF said.

10.10 / 14:35

Liquidity economics UK Unit trusts/OEICs money market funds money market Bank of England calls on money market funds to bolster liquidity levels

The call from the FPC came as it identified liquidity mismatch in money market funds as a «key vulnerability» in 2015 and 2021.

10.10 / 11:47

economics Food inflation UK Food Prices food inflation Time UK grocery inflation slows again as staple food prices drop for first time in a year

Grocery price inflation during the period was still double digits at 11%, and take-home grocery sales rose by 9.1%.

10.10 / 08:01

Survey inflation UK Cost of Living Investment Association International fall UK investment management industry remains international leader despite fall in AUM

Alongside the £4.6trn managed for UK retail and institutional investors, a further £4.2trn is managed on behalf of overseas investors.

10.10 / 08:01

inflation UK kpmg Cost of Living BRC Retail Sales British Retail Consortium UK retail sales UK retail sales growth stunted by higher cost of living

Retail sales growth has been artificially boosted by high inflation over the last two years.

09.10 / 19:45

UK financial conduct authority FCA Warning UK's FCA Adds 143 Crypto Exchanges, Including Huobi-owned HTX and KuCoin, to Warning List

In a recent move, the Financial Conduct Authority (FCA), the United Kingdom's financial markets regulator, has expanded its warning list to include major cryptocurrency exchanges, categorizing them as "non-authorized firms" that citizens "should avoid."

09.10 / 14:51

UK UK chancellor Mark Carney endorses Labour's Rachel Reeves as next UK chancellor

Shadow chancellor of the exchequer Rachel Reeves

09.10 / 14:51

UK companies Odey Asset Management Odey Odey Wealth Management to be shut down

Odey Wealth was set up in Guernsey in 2008, opening its London office in 2010, to provide investment advice to clients.

09.10 / 07:57

regulation UK companies HM Treasury Chancellor Jeremy Hunt UK manufacturers urge Chancellor Jeremy Hunt to scrap Autumn Statement

Chancellor Hunt is due to deliver the Autumn Statement on 22 November, to be accompanied by an Office for Budget Responsibility forecast.

UK Financial News

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