Kwasi Kwarteng’s tax-cutting mini-budget triggered a collapse in the pound and surge in the UK’s borrowing costs. Sterling fell at one point on Monday to its lowest level against the dollar in history. According to Deutsche Bank, the UK’s borrowing costs for 10-year government bonds have risen by the most in a five-day period since 1976 – the year Britain went cap in hand to the IMF for a bailout...
A growing Bristol financial services firm has completed another acquisition as it continues to accelerate a “buy and build” strategy. Clifton Asset Management has bought financial advisers Noble James Associates – based in Stroud, Gloucestershire – for an undisclosed sum. The deal for Noble James, which has a team of three advisers and assets under management of £130m, takes Clifton’s total...
Output in the financial and related professional services sector in Wales has experienced the fastest growth rate in the UK outside of London, according to new research from representative body for the industry TheCityUK. Output grew by 46% in the decade period 2010-2020 – the highest growth rate of any nation or region of the UK outside of London and its financial powerhouse of the City of...
South Tyneside financial services firm Fairstone has entered the Irish market with the acquisition of PAX Financial. The Boldon business has swooped for the Dublin firm which has 66 staff and advisers offering services to more than 7,700 clients, managing funds of €200m (around £174.3m). PAX is also behind the brand ‘AskPaul’ which has proved successful in Ireland, offering advice to consumers...
Wealth management specialist Mattioli Woods hopes to triple revenues and double assets under management in the next few years on the back of strong latest financials. The board of the Leicester-headquartered business has announced medium-term targets of £300 million in revenues with EBITDA of £100 million, and to be managing £30 billion of client assets within a few years. New accounts show...
Before I start, please don’t read what you think my politics are, you’ll be wrong. I focus on the values of fairness, kindness, fierce independence and honesty. If a government or financial institution is on the wrong side of that, I exercise my total Independence to comment and guide, as I’m sure you have seen. I’m sure everyone will have seen how Liz Truss has hopped between different extreme...
Bad credit can make it difficult to get approved for a loan, but there are options available for those in need of urgent funding. There are a few things to keep in mind when considering a bad credit loan, such as the type of lender you go through and the terms of the loan. It’s important to compare different options and find the best fit for your situation. There are a few things to consider when...
There is no telling when your finances can run out of hand and end up troubling you more than you can stomach. If you are living paycheck to paycheck, the mere thought of an unexpected expense is enough to drive you into a state of panic. However, with Fast Payday Loans, one does not have to worry about the possibility of being in a financial bind anymore. Fast Payday Loans allows you to get...
FinTech Wales has launched a new coding academy in a bid to address the skills gap in Wales. The not-for-profit membership organisation for the FinTech and Financial Services industry in Wales has created a new fast-track 10-week training programme in partnership with Cardiff and Vale College, iungo Solutions, The Knowledge Academy, risual Limited, and Gaia Ines Fassò. The academy is fully-funded...
It is two years since concern last swirled around the health of the housing market. Then, estate agents were tentatively setting up socially distanced viewings after the market was allowed to reopen part-way through the first Covd lockdown. At the time, the property firm Savills reviewed its forecast and decided it still expected house prices would “fall by around 5% to 10% in the short term”...