BUZZ-British wealth managers climb as budget rolls out measures to boost stock market

Reuters11-26

BUZZ-British wealth managers climb as budget rolls out measures to boost stock market

** Shares of British wealth managers and trading platforms rise after UK budget

** Finance Minister Rachel Reeves on Wednesday slashed the amount people can invest in tax-free cash savings accounts from 2027, in an effort to funnel more funds into Britain's stock market and drive economic growth.

** Reeves reduced the limit for tax-free cash investments in an Individual Savings Account to 12,000 pounds from the current 20,000 pounds

** Britain will also exempt new LSE listings from stamp duty tax for three years in a bid to revive the struggling stock market

** British trading platform IG Group IGG.L up 9.52% at 1,127 p, top gainer on London's mid-caps index .FTMC

** Wealth manager St. James Place SJP.L up 4.95% at 1,354.5 p, top gainer on London's FTSE 100 .FTSE

** AJ Bell AJBA.L 3.0% at 532 p, CMC Markets CMCX.L up 2.06% at 297.5 p

** Aberdeen Group ABDN.L up 2.32% at 203.2 p, Quilter QLT.L up 1.67% at 183.2 p

(Reporting by Simone Lobo)

((Simone.Lobo@thomsonreuters.com, +919920570373))

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