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FTSE 100 closes ahead after Liz Truss resignation; sterling gains
Britain's blue-chip benchmark finished Thursday ahead by nearly 19 points, or 0.27%, at 6,944
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LON:AJB
AJ Bell is one of the UK’s largest providers of online investment platforms and stockbroker services. With more than 111,500 clients and assets under administration exceeding £26.1 billion, we succeed by providing award-winning investment products, backed up with excellent service and online functionality at a low cost. Our head office is in Manchester, and we also own a specialist financial publishing business called AJ Bell Media in London, as well as a stockbroking business in Tunbridge Wells.
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Britain's blue-chip benchmark finished Thursday ahead by nearly 19 points, or 0.27%, at 6,944
Andy Bell said he has "complete confidence" in his replacement CEO Michael Summersgill and the wider management team and will "remain a committed long-term shareholder"
Successor Michael Summersgill was identified as a potential CEO “several years ago”
AEW UK, AJ Bell, Ferrexpo, Tritax Big Box REIT and Zalando are the picks
AJ Bell has greater potential to maintain, if not raise, revenue margins in the future compared to Hargreaves Lansdown and IntegraFin, given the much lower starting point, Liberum Capital said.
Total net inflows were £1.5bn, roughly the same as a year earlier
The likes of RBC and abrdn got in early before having to pay at a premium, and possibly set the trend for the market
It discovered that nearly four in 10 don’t have a pension
"We are well positioned to deliver further growth in both the advised and D2C [directly to customer] markets and we approach the traditionally busy tax year end period with optimism."
The pandemic has seen a growing number of people wanting to invest for the first time
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The UK blue chip index goes into reverse again but US markets move ahead despite the country's first Omicron case
Thursday sees final from AJ Bell, Auction Technology and an AGM update from Ferguson
The company's chief investment officer said that crypto should be “nowhere near rational portfolios"
The new app, known as Dodl, will initially offer UK shares, funds and tax wrapper products
The trading platform is going through a board reshuffle
The last three months saw 6% more users quarter-on-quarter
"We have a resilient business model, our financial position is strong, we continue to grow market share and the outlook for the business remains positive," said CEO Andy Bell
Investment platforms are experiencing a boom in younger users - how do they manage their portfolios?
"Our assets under administration surpassed £65 billion for the first time and momentum remains strong going into the second half of our financial year," said chief executive officer, Andy Bell
“Many customers have told us they want to be able to trade stocks listed on Aquis Stock Exchange"