AJ Bell Share News (AJB)

AJ Bell CFO Summersgill promoted to top job as Andy Bell steps down

(Sharecast News) - Investment platform AJ Bell said on Thursday that deputy chief executive and chief financial officer Michael Summersgill will succeed Andy Bell as CEO with effect from 1 October.

IN BRIEF: AJ Bell and Hargreaves Lansdown adopt Peel Hunt REX platform

Peel Hunt Ltd - London-based investment bank and broker - Rival retail investment platforms AJ Bell PLC and Hargreaves Lansdown PLC select Peel Hunt's REX technology for their new retail share offer service. The new service allows retail investors in the UK to participate in initial public offerings and in company fundraising conducted as accelerated book builds. AJ Bell and Hargreaves, in a joint announcement on Wednesday, say the launch of the service opens up wider participation in IPOs and secondary fundraises by retail investors. They note that retail investors previously were left out of most IPOs, having access to just 21 of the 182 IPOs in the UK since October 2020. Peel Hunt says the new service supports the "democratisation of capital markets".

UK dividends calendar - next 7 days

DIRECTOR DEALINGS: NatWest international chief sells 150,000 shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Wednesday and not separately reported by Alliance News:

Director dealings: AJ Bell directors invest in company's shares

(Sharecast News) - Investment platform operator and stockbroker AJ Bell made a number of disclosures to the market on Wednesday, after purchases were made by two of its directors.

LONDON BROKER RATINGS: JPMorgan cuts Just Eat Takeaway and Deliveroo

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

TOP NEWS: AJ Bell shares rise as interim revenue and assets grow

(Alliance News) - AJ Bell PLC shares rose on Thursday after the company reported higher interim revenue, increased assets, and lifted its interim payout.

LONDON MARKET PRE-OPEN: UK eyes Drahi BT stake buy; Serco ups outlook

(Alliance News) - Stock prices in London are seen opening lower on Thursday, after a top official in China warned on the world's second-largest economy, which has taken a hit from Beijing's strict zero-Covid policy.

AJ Bell interim profits fall as dealing activity normalises

(Sharecast News) - Investment platform AJ Bell reported a decline in interim pre-tax profit on Thursday as dealing activity normalised, but lifted its margin guidance for the year.

UK earnings, trading statements calendar - next 7 days

LONDON BROKER RATINGS: Barclays cuts Rio Tinto; Jefferies likes CVS

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

Berenberg cuts target price on AJ Bell

(Sharecast News) - Analysts at Berenberg slashed their target price on online investment platform operator AJ Bell from 400.0p to 300.0p on Tuesday, citing a negative mark-to-market.

LONDON BRIEFING: AB Foods says Primark will need to raise prices

(Alliance News) - Associated British Foods on Tuesday said interim earnings have returned to pre-virus levels, but the company warned that its Primark discount fashion stores will need to raise prices in order to offset cost inflation.

LONDON BROKER RATINGS: RBC cuts Anglo American; Jefferies ups Berkeley

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday afternoon:

AJ Bell records good growth in customer numbers and assets

(Alliance News) - AJ Bell PLC on Thursday said it recorded "strong" year-on-year growth in assets under administration and customer numbers in its second quarter, despite a challenging market backdrop.