Elliot Gulliver-Needham

3 weeks ago | cityam.com | Elliot Gulliver-Needham

Thursday 05 June 2025 4:13 pm Octopus Money CEO: Cash ISA saving can be ‘over-comforting’ Investment Reporter Octopus Money CEO Ruth Handcock backed a change to the ISA system Saving into cash ISAs can lead investors to become “over-comforted” with their financial situation, despite likely better choices, the CEO of Octopus Money has said. Speaking to City AM, Ruth Handcock argued that the fact that 92 per cent of Brits do not receive financial advice was “the biggest unsolved problem in...

3 weeks ago | cityam.com | Elliot Gulliver-Needham

Thursday 05 June 2025 11:43 am Wickes jumps up to FTSE 250 as National Express owner axed Investment Reporter Wickes has entered the FTSE 250 after its stock price has soared 35 per cent in the last three months Wickes is set to be promoted to the FTSE 250 amid a reshuffle by the London Stock Exchange, while firms such as Mobico, the owner of National Express, and Ferrexpo are expected to be relegated. Wickes has entered the index after its stock price has soared 35 per cent in the last three...

3 weeks ago | cityam.com | Elliot Gulliver-Needham

Thursday 05 June 2025 10:23 am Double blow to London as Cobalt Holdings abandons IPO Investment Reporter Cobalt Holdings’ listing had been expected to be one of the first major London IPOs of the year Cobalt Holdings has abandoned its plans for a $230m float on the London Stock Exchange, issuing a double blow to UK markets after losing Wise to the US today. The company confirmed in a brief London Stock Exchange notice that it “will not proceed with its proposed initial public offering”,...

3 weeks ago | cityam.com | Elliot Gulliver-Needham

Thursday 05 June 2025 7:58 am | Updated: Thursday 05 June 2025 7:59 am Mitie Group makes bid for Lord Ashcroft-founded Marlowe Investment Reporter Mitie Group has its headquarters in the Shard in London Mitie Group has made a £366m offer for Lord Ashcroft-founded Marlowe, as revenue surged 13 per cent at the outsourcing giant. The FTSE 250 firm said the takeover of the AIM-listed software company would deliver £30m of cost synergies as part of its full-year results today. “Adding Marlowe’s...

3 weeks ago | cityam.com | Elliot Gulliver-Needham

Thursday 05 June 2025 7:26 am CMC Markets eyes Web 3.0 as profit jumps Investment Reporter CMC Markets is looking to shift into the Web 3.0 space. Profit at the Lord Cruddas-founded CMC Markets jumped 33 per cent last year to £84.5m, as the group launches a new campaign to enter the ‘Web 3.0’ space. Net operating income came in at £340.1m, a two per cent increase on the previous financial year but below expectations of £359m, the firm revealed in its full-year results. Growth came from strong...