BP Marsh Invests in Energy-Focused Insurance Specialist Volt

Highlights:,Strategic Investment,: BP Marsh acquires 25.5% stake in Volt, committing up to £2.5 million in funding.,Focus on Energy Sector,: Volt spec...

Ashmore Group Reports $2.5 Billion Increase in Assets Under Manageme...

Highlights,Ashmore Group reported a $2.5 billion increase in assets under management (AuM) for Q3 2024.,The company experienced robust returns in Emer...

Lloyds Chief Warns That 'Near Zero' Mortgage Rates Are Unlikely to R...

Highlights:,Lloyds Banking Group CEO Charlie Nunn indicates that mortgage rates are unlikely to return to the historically low levels experienced over...

Positive Trends for Emerging Markets Noted in Ashmore's Findings

Highlights:,Ashmore Group reports a sequential increase of $2.5 billion in assets under management (AUM), reaching a total of $51.8 billion as of Sept...

S&U Discloses Relaxation of Collection Restrictions Implemented by F...

Highlights:,The Financial Conduct Authority (FCA) has lifted restrictions on the collection processes of S&U PLC motor finance subsidiary, Advantage F...

Santander Ceases Offering Lowest Mortgages as Swap Rates Climb

Highlights:,Santander UK withdraws eight five-year fixed-term mortgage products, signaling a potential end to recent competitive pricing among lenders...

Darktrace's Ex-Boss Named Interst Minister Ahead of Key Summit in Lo...

Highlights:,Poppy Gustafsson appointed as the UK's new investment minister following the sale of Darktrace.,Gustafsson will chair the Office for Inves...

Monzo Gears Up for Secondary Share Sale, Valuation Expected to Reach...

Highlights:,Monzo Valuation to Hit £4.5 Billion,: The digital bank prepares for a secondary share sale, offering staff the chance to sell their shares...

Argo Blockchain Announces Dismissal of Class Action Lawsuit in the U...

Highlights:,Lawsuit Dismissal:,The class action lawsuit,Murphy vs. Argo Blockchain,was dismissed without prejudice in October 2024.,Allegations Reject...

The Stablecoin Surge: Traditional Financial Institutions Warm Up to...

Highlights:,Institutional Adoption,: Major financial players like Visa, PayPal, and JPMorgan Chase are integrating stablecoins into their operations,...

BNY Mellon Reports Strong Q3 Results with Record $52.1 Trillion in A...

Highlights:,Record Assets Under Custody,: BNY Mellon reached a new high with $52.1 trillion in assets under custody and administration.,Exceeded Profi...

UK Government Imposes Deadline on Housebuilders to Fix Dangerous Cla...

Highlights:,New Deadlines for Cladding Remediation,: Housebuilders will have six months to assess dangerous cladding and an additional 12 months to be...

JPMorgan Q3 Net Income Declines, Dimon Points to Geopolitical Tensio...

Highlights:,Increased Provisions:,JPMorgan set aside $3.1 billion to cover credit losses, more than doubling last year’s provision as a precaution aga...

Braveheart’s Stock Increases by 14% After Securing CEO’s Stake in IQ...

Highlights,Braveheart Investment Group has acquired a 29.5% stake in IQ-AI, a brain cancer diagnostics company, from CEO Trevor Brown.,The transaction...

How has Jupiter Fund Management Performed in Q3 2024?

Key Points:,Total Net Outflows,: Jupiter reported,£1.6 billion,in net outflows for Q3 2024, totaling,£5.0 billion,year-to-date.,Positive Underlying Fl...

Saga in Exclusive Negotiations with Ageas for Long-Term Insurance Pa...

Key Points:,Long-Term Partnership,: Saga is negotiating a 20-year affinity partnership with Ageas to enhance its motor and home insurance offerings.,F...

Jupiter Sees Continued Pressure from Outflows in Its Portfolio of Fu...

Highlights:,Jupiter Fund Management PLC reports £1.6 billion in outflows for the quarter ending September 30, 2024, totaling £5 billion in outflows ye...

Voco Platform Success at Grand Designs Live Addressed by Electric Gu...

Highlights:,Electric Guitar PLC CEO John Regan discusses the deployment of the Voco platform with NFC technology at the Grand Designs Live event in Bi...

Saga and Ageas Establish 20-Year Insurance Alliance

Highlights:,Saga PLC announces exclusive negotiations with Ageas to establish a 20-year partnership for motor and home insurance.,Ageas will acquire S...

Jupiter Fund Management Faces Drop in AUM Amid £1.6 Billion Client W...

Highlights:,AUM Decline,: Jupiter Fund Management's AUM dropped to £50.1 billion as of September 30, down from £51.3 billion in the previous quarter.,...