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Nucleus doubles profit in first results as listed company

Platform Nucleus has seen its post-tax profit double in its first results as a listed company. The company reported profit after tax of £2.2m in the six months to 30 June 2018, compared with £1.1m in the first half of 2017. Nucleus floated on the Alternative Investment Market with a market capitalisation of £139.9m on 26 […]

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Platform challenger sees loss increase as client numbers edge up

Embark Group’s platform saw its loss increase to £1.3m in 2017 from £90,000 the year before. Accounts filed to Companies House show the business, Embark Investment Services, grew its revenue in the 12 months ended 31 December 2017 to £1.4m from £1.1m in 2016. Total client numbers on the platform increased by 9,403 to 67,419, […]

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RBS to cut 258 jobs as more branches close

The Royal Bank of Scotland is closing  a further 54 branches in England and Wales, cutting some 258 jobs in the process. This cuts are the third round of branch closures for RBS in less than a year. The previous round was announced in May, which saw 162 branches shut and 792 jobs lost, following […]

Darkest before dawn – London housing

Anthony Lynch, portfolio manager of the JPM UK Equity Plus Fund, JPM UK Equity Core Fund & the Mercantile Investment Trust, looks at the impact of Brexit on the housing market.

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