Deloitte’s big Christmas quiz 2025 December 9, 2025 The 2025 Deloitte Christmas Economics Quiz by chief economist, Ian Stewart and team The Christmas quiz offers a test of your knowledge of the festive season, economics and politics, in 12 questions. The answers and a brief explanation of the factors at work are provided at the end. 1) Which British politician (past and present) [...]
Magnum only scoops €8bn valuation on stock market debut December 9, 2025 Unilever’s demerged Magnum Ice Cream Company netted a €7.8bn (£6.8bn) valuation on its stock market debut, heavily undershooting early analyst expectations at an initial public offering overshadowed by a long-running spat with the founders of Ben & Jerry’s. Shares in the ice cream group, which also owns the Cornetto and Wall’s brands, opened 60 cents [...]
FCA to allow firms to ‘eradicate jargon’ for retail investors December 8, 2025 The Financial Conduct Authority (FCA) is rolling out a heap of new measures to “move the dial on risk” among Britons as it bids to lead on the charge to boost retail investment, including through allowing them to remove legal jargon that confuses consumers. In a suite of consultations unveiled on Monday, the City regulator [...]
Equity fund outflows hit fresh record as Budget uncertainty triggered UK selloff December 4, 2025 Equity funds have suffered their deepest and most prolonged bout of outflows on record with investors pulling more than £10bn in the past six months, fresh figures have revealed. UK-focused funds were the hardest-hit in November after haemorrhaging almost £847m, according to data compiled by global funds network Calastone, with analysts pointing to protracted Budget [...]
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 [...]
Revolut and LSEG join growing list of OpenAI customers December 3, 2025 Fintech juggernaut Revolut has joined a host of banking giants in leveraging OpenAI tech to beef up their financial crime protections. The digital bank is one of the latest to partner with the ChatGPT maker as it seeks to enhance its fincrime agent and customer services. The $75bn fintech is also using OpenAI’s large language [...]
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 [...]
JP Jenkins allows investment firm to take advantage of Pisces licence December 2, 2025 The new Pisces market today took a step closer to coming to fruition after prospective operator JP Jenkins unveiled a new partnership with Belfast based investment firm Sapphire Capital Partners, allowing it to take advantage of the trading venue. The online securities venue secured its licence from the Financial Conduct Authority in November, after London [...]