Neil Woodford Fined and Banned Over Fund Collapse

Neil Woodford Fined and Banned Over Fund Collapse

In a long-awaited conclusion to the investigation into the collapse of his investment empire, former star fund manager Neil Woodford is facing a ban from the financial services industry and a multi-million pound fine.
The regulator's decision comes years after the freezing of his flagship fund, which trapped billions of pounds of investors' money.
The ban is a significant blow to Woodford's career and serves as a strong warning to the industry about regulatory compliance and investor protection.
The outcome of this case has been closely watched by the UK financial sector and the hundreds of thousands of retail investors who were impacted by the fund's failure.

Bullion Bonanza: Gold Price Hits Record Highs Amid Global Instability

Gold is on track for its strongest annual performance since 1979, with bullion hitting a series of record highs driven by high interest rates, inflation, and increasing geopolitical crises.

OSB Backs Guidance and Lifts Dividend but Profit Drops

OSB Group PLC has increased its dividend and backed its guidance, but reported a 20% drop in first-half profit.

Beacon Rise Taps Former Manolete Finance Lead as CFO

Beacon Rise Holdings has named Mark Tavener, the former finance lead at Manolete, as its new chief financial officer.

Pawnbroker H&T Snapped Up by US Firm

London-listed pawnbroker H&T has been acquired by a US firm, marking another loss for the London Stock Exchange.

LSE Welcomes Guaranty Trust Holding Company Plc

The London Stock Exchange has welcomed Guaranty Trust Holding Company Plc, a major Nigerian financial services firm, to the market.

Vantage Data Centers Secures Approval for Major Welsh Investment

US-based Vantage Data Centers has received planning consent for a new, large-scale data center project in the Vale of Glamorgan, Wales.

Visma Owners to Pick Banks for £16 Billion London Float

The owners of software company Visma are reportedly close to appointing banks for a potential £16 billion stock market listing in London.

London Stock Exchange Struggles Highlight 'Broken Growth Model'

An editorial from The Guardian argues that the shrinking of the London Stock Exchange is a symptom of a 'broken growth model' and low business investment in the UK.

Motor Finance Supreme Court Ruling Resets Rules on Undisclosed Commissions

The Supreme Court has delivered a landmark judgment on undisclosed commissions in motor finance, which could have significant implications for a potential consumer redress scheme.

LSEG Reports Strong Growth and Shareholder Returns in H1 2025

London Stock Exchange Group (LSEG) announced robust H1 2025 performance, with significant income growth and plans for further share buybacks.

Hammerson Takes Full Control of Birmingham's Bullring in £319m Deal

Property giant Hammerson has acquired full ownership of the Bullring and Grand Central shopping centres in Birmingham for £319 million.

TalkTalk Secures £100M Investment from Ares Management

TalkTalk received a £100 million investment from Ares Management to support its digital infrastructure growth.

IG Group Beats Profit Estimates, Launches $170M Buyback

UK’s IG Group exceeded annual profit forecasts and announced a $170 million share buyback program.

Rachel Reeves Outlines Financial Services Growth Strategy

Chancellor Rachel Reeves unveiled the Financial Services Growth and Competitiveness Strategy at the Mansion House speech.

Warm Home Discount Expansion to Benefit 6 Million Households

The Department for Work and Pensions confirms the £150 Warm Home Discount scheme will expand to include Universal Credit claimants from this winter.

Close Brothers Faces New Blow Over Car Loans as Fresh Compensation Set Aside

Lender Close Brothers has set aside an additional £33 million to compensate customers for overcharged car loans, marking a fresh blow amid the ongoing investigation into historical mis-selling in the UK car finance market.

Pension Age to Rise Again, Leaving 1.5 Million Britons Facing Benefit Limbo

The state pension age is expected to rise again, leaving 1.5 million Britons in 'benefit limbo' who are too young to retire but have lost access to key benefits and tax credits.

UK's Largest Crypto Fraud: Money Launderer Convicted After Seven-Year Met Police Investigation

Chinese money launderer Zhimin Qian has been convicted in one of the UK’s largest-ever money laundering cases, bringing an end to a seven-year Met Police investigation into a global scheme to clean illicit cryptoassets by purchasing property.

UK Pension Age Must Rise to 68 Sooner Than Planned, Report Finds

A new report has urged the government to accelerate the rise of the state pension age to 68, arguing that the welfare bill is becoming unsustainable and that past governments have 'treated the issue like a hot potato.'

Global Markets Brace for US Government Shutdown as Asian Shares Trade Narrowly

Asian shares traded in a narrow range as traders prepared for a potential US government shutdown, while Wall Street finished higher, boosted by technology stocks and US interest rate cut expectations.

Ditch Bathtubs for Groutless Showers

Replace bathtubs with groutless showers for easier cleaning, water savings, and timeless design.

Teesside Social Mobility Fund Provides Over £23,000 in Grants to Local Projects

The Jersey Communication Foundation has distributed grants exceeding £23,000 to six local projects, aiming to create a 'level playing field' and tackle social mobility issues in the Teesside community.

Gold Hits Best Annual Performance Since 1979 as Geopolitical Crises Fuel Bullion Bonanza

Bullion has hit a series of record highs, putting 2025 on track for gold’s strongest annual performance since 1979, driven by high inflation, interest rate volatility, and escalating geopolitical crises.

QR Code Parking Scams Warning

Drivers advised to verify QR codes in car parks to avoid fraudulent payment sites.

Natural Cleaning with Everyday Foods

Use lemons, vinegar, and other foods for eco-friendly cleaning, avoiding harsh chemicals.

Beef Shortage and Low Confidence Push US Cattle Prices to Record Highs, Hitting Restaurants and Consumers

US cattle and beef prices have soared to record highs amid tight domestic supply, strong consumer demand, and ranchers’ reluctance to expand herds, with restaurant owners forced to pass on soaring costs to diners.

Wales Tourism Tax Law Signed: Families Face £36.30 Levy for a Week in a Holiday Cottage from 2027

Wales’ new Visitor Levy has been signed into law, giving Welsh councils the choice to introduce a tourism tax on overnight stays, with the earliest possible implementation date now set for 2027.

British Parliamentarians Propose 'Stealth Tax' on Workers

The Liberal Democrats warn that an estimated 1.3 million people will pay an additional £285 a year in a 'stealth tax' if the chancellor freezes income tax thresholds.

Money Worries Impact Work

22% of workers report money worries harming job performance, with 19% taking sick leave due to financial stress, per BSA research.

BMW Finance Payouts

BMW sets aside £206.9m for potential car finance mis-selling payouts amid FCA investigation.

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