Apex Group to act as intermediary for London Stock Exchange’s Pisces market December 4, 2025 The London Stock Exchange’s Pisces market has taken another step forward with financial services provider Apex Group securing a position as the trading venues intermediary. The group will act as the index’s registered auction agent (RAA) meaning it is responsible for ensuring all companies who wish to list are compliant with Pisces rules before becoming [...]
Smiths Group strikes deal to offload detection business for £2bn December 3, 2025 London listed Smiths Group is set to offload another of its businesses, as it works to streamline its operations after bowing to increasing investor pressure. The FTSE 100 company has agreed to sell its Smiths Detection division to private equity firm CVC Capital Partners in a £2bn deal. The business manufactures threat detection technology, including [...]
The 68p lawsuit that threatened to upend the British bond market December 3, 2025 In 2023, the Financial Conduct Authority set out to modernise the bond market. A noble ambition. But as many seasoned City execs will tell you, noble ambitions from regulators don’t always work out how they were intended. The FCA proposed to introduce what’s known in industry jargon as a consolidated tape – a system which [...]
FTSE 100 Live: HSBC names new chair; Bloomsbury and Google tie-up December 3, 2025 Good morning and welcome back to the City AM liveblog. Are we on the verge of another financial crisis? It’s quite the eerie question but it was one of many posed to the Governor of the Bank of England Andrew Bailey following the latest financial stability report on Tuesday. The head of the central Bank [...]
Bank of England warns of rising global threat as lenders’ capital rules slashed December 2, 2025 The Bank of England has warned of increased global risks to financial stability, even as it slashed rules imposed on UK lenders dictating the amount of capital they must hold. The central bank said “risks to financial stability have increased during 2025”. “Global risks remain elevated and material uncertainty in the global macroeconomic outlook persists,” [...]
FTSE 100 Live: OBR chiefs face MP grilling; Food inflation slows December 2, 2025 Good morning and welcome back to the City AM liveblog. The Office for Budget Responsibility (OBR) admitted its “worst failure in the 15-year history” of the fiscal watchdog on Monday. This morning, from 10am, two of its remaining spokespeople will be facing a grilling from the Treasury select committee of MPs. The sensational leak of [...]
Markets responded positively to Budget, says Peel Hunt chief December 1, 2025 The boss of one of London’s best-known investment banks has shrugged off concerns over the Budget, suggesting that the tax-raising plans pleased financial markets. Peel Hunt CEO Steven Fine said markets viewed the state of the UK’s finances as “quite stable” following the Budget, pointing to a rise in the government’s fiscal headroom which helped [...]
FTSE 100 Live: London house prices fall amid Budget jitters November 28, 2025 Welcome back to the City AM liveblog. Markets were still digesting the twist, turns and taxes of the Autumn Budget on Thursday, with ministers taking to the media to defend the £26bn cash raid. A number of businesses began weighing in, including Britain’s bookies, which were in the firing line when Reeves took to the [...]
FTSE 100 Live: Entain, Flutter sound alarm in Reeves’ tax raid aftermath November 27, 2025 Good morning and welcome back to the City AM liveblog. The dust has settled on the Labour government’s second Autumn Budget and Brits have been left reeling from a £26bn tax raid. Taxes collected as a share of GDP are set to jump to an all-time high in the coming years, according to the Office [...]
Autumn Budget: Reeves launches stamp duty holiday for new listings November 26, 2025 Chancellor Rachel Reeves has launched a three-year stamp duty holiday for new debut companies on the London market in her latest attempt to attract listing candidates. The Treasury’s new plans, announced as part of today’s Autumn Budget, will drop the 0.5 per cent rate paid by investors when purchasing shares in newly listed companies for [...]