FCA looks to check power of investment trust boards after Saba uproar Investing The City watchdog is looking to restrict the power of some investment trust board members after criticism of its response to Saba Capital’s campaign against a group of UK funds. The Financial Conduct Authority has proposed a series of amendments to the UK listing rules for close-ended investment funds, better known as investment trusts, in [...]
AllianzGI chief executive warns of AI ‘socialism’ as investors lean on chatbots Investing The chief executive of one of Europe’s largest asset managers has urged investors to avoid being over-reliant on general online chatbots to manage their portfolios, as it increases the risk of losses. Speaking at AllianzGI’s media day in Frankfurt, Tobias Pross, chief executive of AllianzGI, warned that relying on public online models, such as Claude, [...]
As it happened: FTSE 100 rises as easing Iran tensions offset GDP blow; SpaceX set for blast off Markets Welcome back to the City AM liveblog. Global equity investors are bracing for Musk’s record-breaking market debut SpaceX is set to begin trading on Nasdaq today after Elon Musk’s rocket, satellite and AI empire pulled off the largest IPO in market history. The company raised $75bn after pricing shares at $135, giving it a $1.77 [...]
Space X to allow British investors to buy into blockbuster IPO June 2, 2026 British investors will be able to buy into Space X’s mega IPO, as the space technology company looks to strip back listing rules as it prepares to go public later this month. The company is anticipated to price its blockbuster initial public offering on the Nasdaq later this month, with the company targeting a valuation [...]
Ask the expert: Should I invest instead of buying a home? May 28, 2026 Fidelity personal financial specialist Marianna Hunt is back on hand to answer your burning questions, and today a reader wants to know whether to take the plunge and buy a property or invest. Q. I’m in my late 20s and have managed to save around £20,000, which I initially thought I’duse as a deposit to [...]
The Rest is Investing: Gary Lineker-backed Goalhanger launches venture capital arm May 26, 2026 The UK’s biggest independent podcast group is launching its own venture capital arm, City AM can reveal, as it reinvests the fruits of its success by building stakes in other media startups. The Kennington-based business, which was co-founded by former BBC presenter Gary Lineker and produces The Rest is History, The Rest is Entertainment and [...]
Zopa first UK bank to be green lit to roll out targeted support May 19, 2026 Zopa Bank has received regulatory approval to roll out targeted support for its investment customers, marking it as the first UK bank to get the green light. The bank joins a range of financial firms, including Royal London, Quilter and Vanguard, which has secured targeted support permissions since the scheme went live on 6 April. [...]
What poker can teach investors about risk May 12, 2026 Poker is a game of statistics, not certainty. Good players do not wait until they know the outcome. They make decisions based on probabilities, position, momentum and the behaviour of others, says Jo Living Investment still loves the language of risk. Who is bold, who is cautious, who is “risk averse” enough to protect capital [...]
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 [...]
Mandation was never the way to get pensions investing in venture capital May 1, 2026 The VC industry should welcome the watering down of the Pension Schemes Bill – self-regulation, not the blunt instrument of mandation, is the answer, says Duncan Johnson After four back-and-forths between the two parliamentary houses, the Pension Schemes Bill is set to gain Royal Assent after the Lords accepted a final draft on Tuesday. The [...]