Peel Hunt: City broker makes a loss amid economic headwinds Markets Investment bank Peel Hunt faced the pinch of economic and market struggles in its latest financial year as cost-cutting measures took a chunk out of the firm’s bottom line. The City broker made a loss before tax of £3.5m, which the firm said was due to restructuring costs. But the company recorded a profit of [...]
Exclusive: Investment platforms flouting tax rules on ISA stocks Investing Almost all UK investment platforms have been breaking HMRC rules by allowing stocks ineligible for tax relief to be put in ISAs, a CityAM investigation has revealed. AJ Bell, Fidelity, Interactive Investor and many others have been allowing stocks that should not get tax-free status to be added to ISA portfolios, meaning capital gains [...]
Interactive Brokers is ready to shake up the UK trading market investment “Why is it,” Gerald Perez, the UK boss of global brokerage giant Interactive Brokers, told CityAM, “that UK investors can trade anywhere around the world on our platform for less than £3, but other platforms charge £10 for investors to trade in their home market?” Although it’s currently a fairly small player in the [...]