We have to take difficult decisions with whistleblowers, says FCA boss October 13, 2026 The boss of the UK financial watchdog has said “difficult decisions” have to be taken with some whistleblowers after an investigation was triggered following the suicide of a banker who flagged alleged ties between Jeffrey Epstein and the US commerce secretary. Nikhil Rathi, the chief executive of the Financial Conduct Authority, told MPs on Tuesday [...]
Plus500 turns to US for ‘super-app’ ambitions October 13, 2026 Plus500 has laid out plans for a “super-app” in the US after completing a takeover that will deepen its presence across the Atlantic. The FTSE 250 fintech said on Tuesday it had begun development of a super-app that will offer “sophisticated trading capabilities” and new features for US users. It came as the firm revealed [...]
BP braces for hit of up to $4.5bn in pivot from green energy October 13, 2026 BP is bracing for a hit of up to $4.5bn after a hefty write-down in its energy transition unit, as the firm pivots away from aggressive green targets. The FTSE 100 energy giant told markets on Tuesday its third quarter update – set for the end of the month – would include a post-tax impairment [...]
As it happened: FTSE 100 loses early gains as oil prices stay high October 13, 2026 Welcome back to City AM‘s FTSE 100 live blog. The UK’s blue-chip index made strong gains on Monday morning, jumping more than 0.9 per cent soon after the market open. This follows Tuesday’s strong showing, when the index gained nearly one per cent. In a busy morning the corporate results, Premier Inn owner Whitbread hit [...]
London Stock Exchange faces ‘material depopulation’ October 12, 2026 The London Stock Exchange is facing “material depopulation” following a boom in the M&A landscape dominated by overseas buyers, a top investment bank has warned. Some 42 bids for London-listed firms are currently ongoing with a total market capitalisation of £74bn, according to a new note from Peel Hunt. The figure is more than double [...]
City minister insists capital markets reform ‘not a job done’ October 11, 2026 A top Treasury minister has opened the door to further capital markets reforms after saying the government’s job was not done in improving listing incentives. Lucy Rigby, who serves as the economic secretary to the Treasury, otherwise known as City minister, told City AM the government was “continually looking for ways that we can ensure [...]
Revolut boss says US primary listing was ‘always the target’ October 9, 2026 The boss of Revolut has said a primary listing in New York was “always” the company’s top goal, in a snub to the London Stock Exchange after a years-long charm offensive. Nik Storonsky, the founder and chief executive of Revolut, said a primary listing in the US was “always the target, given the deep liquidity [...]
As it happened: FTSE 100 rallies as oil falls back after Trump’s Iran war pledge October 9, 2026 Welcome back to the City AM liveblog. Donald Trump has said the US has engaged in “productive discussions” with Iran and would refrain from attacking the country before the midterm elections, bringing relief to the oil market. It’s taken the price of Brent crude back slightly, though it has remained around $103 per barrel after [...]
As it happened: Oil surges after Trump says he doesn’t ‘really want’ Iran peace October 8, 2026 Welcome back to City AM‘s FTSE 100 liveblog. The FTSE 100 has returned to the red after markets were hit by the spiking price of oil this week that led to a global bond sell-off. The UK’s 10-year gilt yield rose ten basis point yesterday before giving up some gains to settle seven basis points higher at [...]
As it happened: FTSE 100 slide as oil price jumps; Global bond yields higher October 7, 2026 Welcome back to City AM‘s FTSE 100 liveblog. Global markets are swimming in the red as the price of oil trends higher following tensions in the Middle East offsetting a rise in supply. Brent crude – the international benchmark for oil prices – tipped over $101 per barrel on Wednesday following intensified attacks on tankers in the [...]