Rathbones funds rise as its wealth management arm returns to inflows Investing Rathbones posted a rise in funds under management and administration as its wealth management arm returned to net inflows. Funds under management and adminsitration increased 7.2 per cent year on year to £121.1bn. Its wealth management arm achieved net inflows, increasing to £24m after reporting losses of £300m the previous year. Further growth was restricted [...]
LSEG pushes up profit forecast as it confirms $3.5bn Octus swoop Markets LSEG has upped its profit forecast for a second time as the operator of the London Stock Exchange confirmed plans to take on credit data specialist Octus in a $3.5bn (£2.6bn) deal. The FTSE 100 firm said the deal to acquire the New York-based business “significantly expands LSEG’s fixed income offering”. “Public and private credit [...]
AJ Bell hits record assets under administration as customer numbers surge Investing AJ Bell has reported record assets under administration after attracting a wave of new customers across its divisions. The London-listed investment platform said its assets under administration (AUA) rose 22 per cent year-on-year to £126bn in an end of year trading update. The group’s assets under management (AUM) also reached a record £12.1bn, up from [...]
Barclays to axe 5,000 jobs by end of year after banking on AI savings October 22, 2026 Barclays will wield the axe on some 5,000 jobs in its global headcount as the firm ramps up its cost-cutting targets and leverages artificial intelligence. The FTSE 100 bank’s reductions will cover five per cent of the group’s global workforce and are expected to be mainly concentrated in support functions, including developers. “They’re across the [...]
FCA drops probe into scandal-hit Home REIT October 21, 2026 The City watchdog has dropped its investigation into Home REIT, two years after opening a probe into the stricken property firm. The Financial Conduct Authority (FCA) has said it intends to take no further action against the firm, according to a statement released by Home REIT on Wednesday. An investigation into the former London-listed social [...]
UK tech race at risk from ‘far too cautious’ government, warns watchdog October 21, 2026 Britain risks falling behind in the global tech race unless the government takes greater risks backing British startups, the chairman of Parliament’s spending watchdog has warned. In a report published on Wednesday, the Public Accounts Committee (PAC) urged UK Research and Innovation (UKRI) to take more equity stakes in companies it funds, arguing taxpayers are [...]
Aim-listed tech company agrees huge takeover deal October 21, 2026 Ashtead Technology is set to become the latest company picked off the London Stock Exchange after agreeing to a £505m takeover by a New-York based private equity firm. Ember Infrastructure Management agreed to pay 615p per share in cash for the underwater technology firm. This represents a staggering 80.9 per cent premium on Ashtead’s closing [...]
As it happened: FTSE 100 claws back losses; oil hovers as Iran-US talks stall October 21, 2026 Welcome back to the City AM FTSE 100 liveblog. London’s blue-chip index is looking to claw back losses made this week as investors weigh up the rising price of oil. Brent crude – the international benchmark for oil prices – surged above $110 per barrel on Wednesday, resuming its advance following mixed reports on diplomatic [...]
‘Own goal’ – City chiefs warn Healey higher bank taxes hurt jobs outside London October 21, 2026 Top City chiefs are launching last-ditch attempts to stop a punishing tax raid on banks at the Budget, warning the move will hurt jobs and growth outside of London. Rain Newton-Smith, the chief executive of the CBI, is set to warn Chancellor John Healey that increasing taxes on banks would be an “own goal for [...]
MPs voice fury after Labour rejects over a dozen proposals to boost UK investment October 21, 2026 MPs have voiced their frustration after the government flat out rejected more than a dozen proposals to boost lacklustre investment levels in the UK. Members of the House of Commons Business, Innovation, Science and Trade Committee issued a list of recommendations to make the UK a more attractive destination for investment, including rejuvenating the London [...]