Close Brothers slapped with a downgrade after rocky third-quarter May 26, 2025 Close Brothers was handed a downgrade by Peel Hunt analysts on Friday after its third-quarter update did little to calm investor nerves. The bank said fees and expenses were still at an “elevated level” in the recent quarter as net expenses jumped to £13.9m. This was up from £11.6m in the same period last year. [...]
IAG: Share price of British Airways owner ‘significantly undervalued’ May 12, 2025 IAG’s share price has been dubbed “significantly undervalued” by analysts as flight numbers soar and the airline group shrugs off wider political and economic headwinds. British Airways’ parent company reported quarterly operating profit well-ahead of expectations last Friday as it unveiled an order for 53 new Airbus and Boeing aircraft. The bumper results came despite [...]
Augmentum leads fundraise for Peel Hunt-backed Retailbook May 12, 2025 Investment platform Retailbook has secured a £4.5m fundraise as the Peel Hunt-backed firm attempts to survive a lacklustre spell for the UK’s capital markets. The business, which helps retail investors get access to share issues normally reserved for institutional investors, has seen investors such as Augmentum Fintech join its list of shareholders. Previous investors in [...]
Metro Bank shares soar as lender’s turnaround gathers pace May 8, 2025 Metro Bank said there was a “significant increase” in quarter one profit against the second half of 2024 during a trading update on Thursday. Shares in the bank jumped nearly four per cent during early trading. The London-based firm said it was “confident” it would meet full-year targets after a “structurally higher” net interest margin, [...]
Bank of England interest rates cut ‘nailed on’ May 8, 2025 The Bank of England is “nailed on” to cut interest rates later today to 4.25 per cent, investors believe. Canada leaders are anxiously awaiting the Bank’s newest monetary policy decision, which is set to be unveiled at 12.02pm due to a two-minute silence to commemorate Victory in Europe day. Investment analysts have suggested [...]
UK investors flee bond funds amid US Treasury turmoil May 7, 2025 UK investors sold £1.2bn of bond fund holdings throughout April, as US bond markets fell into turmoil over Trump’s tariffs. As Treasury yields spiked during the month over fears around the fiscal ability of the US, investors fled the asset class in droves, according to data from Calastone. At one point last month, analysts were [...]
Revealed: The 2025 Morning Wire Awards Winners May 7, 2025 The winners of the 2025 Morning Wire Awards were unveiled at a glittering ceremony in the heart of the Square Mile last night in front of 500 guests. The gongs were handed out on stage in the Guildhall, following a speech from former Bank of England Chief Economist Andy Haldane. Morning Wire Editor-in-Chief, Christian May, [...]
Man Group stock price target downgraded on performance fee concerns May 1, 2025 Man Group’s share price target has been downgraded by City broker Peel Hunt over concerns that the investment manager could see performance fee returns plummet in 2025. In a trading update last month, Britain’s largest hedge fund revealed that its assets had dropped by $5.6bn (£4.2bn) in the first two weeks of April thanks to [...]
Force ISA savers to invest more in UK equities, Peel Hunt says May 1, 2025 ISA rules should be rewritten to force savers to invest into UK equities, a leading City investment bank has argued, claiming the move would be vital to rejuvenate London’s ailing capital markets. The cap on cash ISAs should be slashed from £20k to £5k to promote a transfer of savings into shares, according to a [...]
Jupiter: ‘Mixed update’ for asset manager amid market volatility April 24, 2025 Jupiter Fund Management saw assets fall by £1bn over the first three months of 2025, after funds were hit by investor withdrawals and market volatility. The stock price of the asset manager dipped two per cent this morning following the publication of what Investec described as “mixed” quarterly results. Analysts had been expecting Jupiter to [...]