Cathie Wood’s ARK expands to Europe despite poor performance April 18, 2024 Cathie Wood’s ARK has expanded to Europe, launching its first exchange traded funds on the London Stock Exchange. An analysis by Morningstar earlier this year found that ARK had destroyed $14bn in wealth over the past decade, topping the list of wealth destroyers among investment companies. “These funds managed to lose value for shareholders even [...]
Plus500 expects to outperform market expectations after strong start to 2024 April 16, 2024 The London-Israeli firm saw a 13 per cent jump in new customers compared to the same quarter last year, although the number of active customers dipped two per cent.
Goldman Sachs beats expectations as investment bank shows signs of recovery April 15, 2024 A nascent recovery in investment banking helped Goldman Sachs outperform expectations, with quarterly profit rising 28 per cent to over $4bn in the first quarter of the year.
London listing looms for Zopa as fintech hits annual profit for first time in ‘landmark’ year April 15, 2024 "2023 was a landmark year as we achieved our first full year of profitability, grew to over a million customers, and maintained our market leading net promoter score," Jaidev Janardana, CEO at Zopa Bank said.
Jane Fraser’s overhaul marks Citi results as profits hit by severance costs April 12, 2024 Citi's results continued to bear the impression of Jane Fraser's restructuring plans, as profit fell sharply compared to the year before.
Wells Fargo profit falls as customers cash in on higher interest rates April 12, 2024 Wells Fargo outperformed market expectations in the first quarter of the year despite reporting a hefty fall in interest income.
Services trade sees UK become world’s fourth largest exporter April 9, 2024 The UK has become the world’s fourth largest exporter thanks to a boost in services, fresh trade figures have shown.
S&U channels Marcus Aurelius as motor finance lender says it will ‘wrestle on’ April 9, 2024 The specialist auto and property lender has posted a fall in annual profit and lowered its dividend as the firm grapples with higher costs and regulatory pressures.
Red Engine: Flight Club Darts and Electric Shuffle owner secures £60m boost April 9, 2024 Red Engine, the company behind Flight Club Darts and Electric Shuffle, has agreed a £60m funding boost to help it expand further across the globe.
Unleashing The Future Of Finance: IFGS 2024 Beckons April 3, 2024 The UK has long been celebrated as a global leader in FinTech and financial innovation. 8 out of every 10 adults in the UK are currently using at least one FinTech tool on a regular basis; nearly 60% of all SME lending across the UK is being done by FinTechs and alternative lenders; and the [...]