City Confidential

29 August 2025

The FTSE 100 is giving up more ground today at the end of the week.  Weakness in bank stocks, spurred by rumours that banks will be hit with a windfall tax to help raise much needed money for the government has seen shares in the sector fall by up to 5% today.  The sector has enjoyed a strong run and so further weakness as investors lock in profits is possible.  On a more positive note, our tip to buy Manx Financial at 26p has borne fruit with the shares up to 39.5p last night – a gain of over 50% in just over a month!!