The FCA says a crackdown on illegal investment advertising on the internet helped cut investment fraud in 2023, with overall losses down 40%.

Troubled wealth manager and Financial Planner WH Ireland has reported saw bigger losses and a sharp drop in revenue in interim results out today.

Loss-making wealth manager and Financial Planner WH Ireland has raised £5m today through an urgent share placing to help it avoid being wound up.

Investec is to close it direct to consumer Click & Invest online arm after operating losses topped a total of £25m over the past two years.