Ladbrokes and Coral owner files copyright claim against matched betting rival firms October 3, 2025 Entain, the owner of Ladbrokes and Coral, has filed an intellectual property lawsuit against two of the largest matched betting companies, OddsMonkey and Outplayed. The claim, filed with the English High Court by law firm Wiggin, alleges unauthorised use of its brand logos and copyrighted materials, with Entain describing the matched betting business model as [...]
FTSE 100 Live: Wetherspoons boss slams taxes; Tuna giant eyes IPO October 3, 2025 Good morning from the City AM liveblog team. There is no clearer sign of the scale of political turmoil the past nine months than the soaring price of gold. The precious metal started the year near $2669 and has since soared to $3900 – a rise of over 45 per cent. The asset now looks [...]
Lord Mayor: ‘Schizophrenic’ City needs more positivity October 2, 2025 The City of London is suffering from a bout of “extraordinary schizophrenia” that has left it devoid of confidence at a time when other markets still view it as one of the world’s eminent financial centres, the Lord Mayor has said. In one of the last speeches he will make in post before his term [...]
Shawbrook gearing up for £2bn IPO in boost to London market October 2, 2025 Specialist lender Shawbrook is preparing to announce intention of its London Stock Exchange debut – a move which could take place as soon as Thursday next week. Shawbrook’s private equity owner – Pollen Street Capital – is eying a £2bn valuation for the firm from the transaction. It comes amid a dire outlook for the [...]
Rachel Reeves plots stamp duty exemption for newly listed shares October 2, 2025 There are growing hopes for a revival for London’s moribund IPO market after reports chancellor Rachel Reeves is preparing to unveil a stamp duty exemption on shares of newly-listed companies. The move, which is set to be announced at the forthcoming Budget in November, would remove the 0.5 per cent tax charge on the buying [...]
FTSE 100 Live: Tesco shares rally; OpenAI nets $500bn price tag October 2, 2025 Good morning from the City AM liveblog team. The FTSE 100 is leading the City higher this morning as it continues to build on records sealed earlier in the week. The index rose 0.2 per cent to 9,464.91 this morning, following on from yesterday’s gains. Also continuing its rally was gold, propelled on by the [...]
JP Morgan scraps Nutmeg in launch of new personal investing brand October 1, 2025 JP Morgan is to scrap its Nutmeg brand and roll its services into a new consumer wealth management business as it intensifies its battle with market leader Hargreaves Lansdown. The new service, dubbed JP Morgan Personal Investing, will offer managed investments, pensions, and ISAs alongside digital financial planning tools and dedicated relationship managers. The bank [...]
FTSE 100 Live: Index hits record high as AstraZeneca and GSK shares soar October 1, 2025 Good morning from the liveblog team at City AM. Some acronyms are so entrenched in common parlance that they need not be explained: NHS, GDP, MOT. Up until now, we at City AM thought ‘IPO’ sat squarely within that category. But the listings pipeline has become so thin, we may have to start reminding readers [...]
FTSE 100 seals best quarterly rise since 2022 September 30, 2025 The FTSE 100 has net its best quarterly rise since 2022 as the index shrugged off geopolitical tensions to storm to record highs. London’s blue-chip index clawed back morning losses to seal a 0.54 per cent gain at 9350.43. A batch of risers managed to offset losses from market heavyweights. Pest control firm Reckitt and [...]
‘It’s a desert out there’: London sinks to 23rd in IPO venue rankings September 30, 2025 The pace with which London is losing its status as a global financial markets hub has been laid bare after the capital fell to as low as 23rd in a global ranking of IPO destinations. Just £184m was raised on the London Stock Exchange in the first nine months of the year, a far cry from [...]