Detail-lite Burnham speech unnerves jittery bond market Markets Andy Burnham risks sparking a bond market rout unless he sets out how he will fund the ambitious measures announced in his first set piece speech since Keir Starmer’s resignation, a group of bond investors have said. Fixed income specialists told City AM that while the former Manchester mayor’s vow to stick with his predecessor’s [...]
Computacenter joins FTSE 100 in reshuffle as index builds tech exposure Markets The latest quarterly reshuffle of the FTSE 100 has seen Computacenter, Investec and Aberdeen promoted to the top-tier index of the City’s most valuable companies, bringing a constituent with some direct exposure to the artificial intelligence boom to the City’s most famous benchmark. Computacenter’s rise from the FTSE 250 to blue-chip status looks somewhat like [...]
Wealth managers shares fall amid Starmer political storm Investing A host of the City’s top listed wealth managers suffered sharp sell-offs on Tuesday morning as questions over Starmer’s future caused government borrowing costs to soar. Investors have been on alert since fears of a rebellion against Starmer began after last week’s local election results, with the spike in gilt yields now triggering a sell [...]
Bond market rounds on Rayner’s economic platform May 12, 2026 Angela Rayner’s economic response to the Labour party’s bruising local elections defeat would trigger a sell-off in UK governments debt at a time when Britain’s borrowing costs are already at multi-decade highs, bond investors and analysts have warned. The former deputy Prime Minister laid out a detailed proposal for how her party to respond to [...]
Herald trust saved after Saba and Aberdeen ink deal May 7, 2026 Aberdeen and US activist hedge fund Saba have reached agreement for the Scottish investment juggernaut to manage Herald Investment Trust, ending a years-long arm wrestle over the trust’s future. In an eleventh-hour deal that will save Herald from being wound down, Aberdeen will recruit eight of the fund’s staff – including fund manager Katie Potts [...]
Mark Kleinman: Is it lights out for Ovo Energy? April 30, 2026 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his City AM column Is it lights out for Ovo Energy? Farewell then, Ovo Energy? The prospective demise of the challenger brand conceived by Stephen Fitzpatrick – if not the company itself – has been a long time coming. Ever since [...]
Aberdeen leans on Interactive Investor as assets under management plunge April 22, 2026 Asset manager Aberdeen reported a drop in assets under management and advice in the first financial quarter, after the performance of Interactive Investor failed to combat outflows and market volatility. Assets under management and advice (AUMA) slipped from £556bn to £547.7bn, amid weaker markets, the disposal of its financial planning business and net outflows of [...]
UK asset managers pile into record gilt auction April 15, 2026 Asset managers have piled into a landmark UK gilt auction after the Middle East war forced the government to fork out the highest interest rate on its 10-year bond since the global financial crash. City AM understands that Aberdeen and Schroders bought up some of the record £15bn of 10-year securities issued by the Debt [...]
Aberdeen shares slide as outflows widen March 3, 2026 Aberdeen shares slid as its Interactive Investor performance failed to offset persistent outflows elsewhere. The firm’s share price fell 7.3 per cent to 204p in early morning trading, as persistent outflows from its Adviser business dampened overall investor sentiment. Total assets under management and administration (AUMA) grew nine per cent to £556bn from £511.4bn, off [...]
The Capitalist: Standard Life scrambles to avoid ‘STD’ ticker February 19, 2026 What's in a name? A whole lot of issues for Standard Life's new Stock Exchange ticker; delve into that and more in The Capitalist.