City grandees call for revival of ‘animal spirits’ on Big Bang anniversary October 27, 2026 City grandees have called on the government to revive “animal spirits” in London’s capital markets and accelerate regulatory reform on the anniversary of the Big Bang. Industry leaders told City AM the City has enjoyed decades of success since the sweeping deregulation of the Square Mile in 1986 but Britain’s financial services industry is now [...]
Major Chinese brands drop Mbappe over Chairman Mao meme jokes October 27, 2026 Two major Chinese sponsors of Kylian Mbappe have dropped their support for the footballer after the Frenchman made jokes about Chairman Mao Zedong. Dairy producer Mengniu and drinks firm Dongpeng have dropped the Ballon d’Or runner-up after he reportedly told French TV a meme “that makes me laugh the most…the one where there’s a video [...]
HSBC shares sink after revenue misses expectations October 27, 2026 Shares in HSBC plunged this morning with billions wiped from its market value after the bank missed revenue expectations in the third-quarter. The FTSE 100 bank’s stock slid seven per cent in early trading to 1,269.0p in a move that shed around £16bn from the firm’s market capitalisation. It also put it on track to [...]
As it happened: FTSE 100 slides as oil holds at $115; tech surges October 27, 2026 Welcome back to the City AM FTSE 100 live blog. The FTSE 100 is sliding after a bruising session for heavyweight stocks, while tech continues to perform elsewhere. Brent crude is also trading above $115 per barrel as renewed diplomatic efforts in the Middle East raised hopes of preventing a wider escalation of the US-Iran [...]
Private equity-backed Unity Advisory hits 120 clients as former Big Four chiefs target rivals October 27, 2026 Having shaken off early legal threats from PwC, secured 120 clients, and already won work from traditional rivals, two former Big Four heavyweights told Rosie Harris-Davison that their advisory firm, Unity Advisory, is not a challenger but a contender in the evolving market. Marissa Thomas, former chief operating officer and managing partner at PwC UK [...]
Four in five London homes shed value as mortgage costs soar October 27, 2026 The vast majority of homes in London are losing value, prompting calls for John Healey to cut stamp duty at the Budget later this week. Across the capital and the south east of England, 85 per cent of homes have fallen in the last year, according to property portal Zoopla, compared to 35 per cent [...]
Exclusive: Prem Rugby CEO set for US trip to woo banks and private equity October 27, 2026 Prem Rugby chief Simon Massie-Taylor will embark on a Stateside schmooze next month in a bid to drum up investment into the English game, City AM understands. The chief executive is set to use the break in play provided by November’s international schedule to head to the United States, just weeks after holding talks with [...]
There can be no Big Bang 2.0 – investors need hard incentives to revive the City October 27, 2026 The idea of another sudden, transformative burst of Big Bang-style deregulation is a fantasy. The City needs long term policy that encourages and incentivises investment, writes Charlie Conchie In an essay to mark the 20th anniversary of his sweeping reform of London’s financial markets in 1986, Nigel Lawson made several things clear: one was that [...]
Budget 2026: Will the real John Healey please stand up? October 27, 2026 John Healey is set to deliver his first Budget although business chiefs, trade unionists and bond traders are still unsure of what to expect. Maurício Alencar reports on whether he can assert his authority on Wednesday. In the period between Sir Keir Starmer leaving Number 10 and Andy Burnham taking over, ambitious Labour figures vied [...]
Does the government realise the rich aren’t leaving on a whim? October 27, 2026 From experience advising high net worth individuals, the “exodus of wealth” is rarely a decision taken lightly, writes Yorke Eaton.