Uranium miner plots London float as father-and-son team reopen abandoned site in northern Italy June 30, 2026 A firm planning to mine uranium in northern Italy has drawn up plans for a London float as it seeks to capitalise on renewed interest in nuclear technology. Reveille Resources, which will be operated by Ippolito Ingo Cattaneo alongside his father, Andrea Cattaneo, are preparing to join London’s small-cap Aquis exchange as soon as this [...]
Exclusive: Santander’s Ebury eyes £100m Lumon takeover June 30, 2026 Ebury is weighing a takeover of foreign exchange firm Lumon as it looks to accelerate its expansion ahead of an initial public offering, City AM can reveal. London-based Ebury, which is majority-owned by Santander, is currently in talks with Pollen Street over a potential bid for Lumon that could value the company at north of [...]
‘Sh*tloads to come’: London takeover spree set to accelerate June 29, 2026 At a gathering of some of London’s top bankers in the City of London last week, the mood was one of uncertainty. On the one hand, London’s dealmakers are not in want of work. In the past two weeks alone Easyjet has opened the door to an approach from American private equity firm Castlelake, Ramsdens [...]
As it happened: Supreme Court blocks Trump sacking; Andy Burnham vows ‘greater public control’; Comcast spin-off June 29, 2026 Good afternoon from the City AM liveblog team. News of a major spin-off deal in the media sector is providing the main talking point during the New York trading day, helping lift stocks up after the tech sector weighed on the market over the previous session. Sky owner Comcast’s announcement that it will set up [...]
LSE draws up ‘worst case scenario’ US listing flight risk June 28, 2026 As many as 20 FTSE 100-listed companies may move direct listings to New York, leaving a £2bn gap in the Treasury’s earnings from stamp duty on share trades. This includes blue-chip companies HSBC, London Stock Exchange’s largest firm, telecoms companies BT and Vodafone, and drinks giant Diageo which owns a global portfolio of well known [...]
Volex takes ‘conservative’ approach to data centre growth forecast amid AI capex splurge June 26, 2026 The boss of Volex has said the firm has taken a “conservative” approach to the growth of its data centre arm after a surge in capex spend among the AI hyperscalers sent its revenue soaring. The Hampshire based connectivity products business, which supplies key components used in data centres, posted a 14.4 per cent rise [...]
As it happened: Stocks tumble after Apple rattles global markets; UK food exports hit by US tariffs June 26, 2026 Welcome back to the City AM liveblog. Markets are digesting fresh inflationary fears driven by Apple’s price hike as well as renewed threats over the safety of the Strait of Hormuz this morning after a projectile struck a vessel off the coast of Oman. Asian equity markets took a tumble overnight as price increases announced [...]
Defence and immigration help Serco weather outsourcing pressure June 25, 2026 Serco said a boost in defence contracts and higher demand for its immigration services across Europe helped offset delays in its North America business, as it reiterated guidance for the year. The FTSE 250 outsourcing group said revenue for the first six months of the year is expected to rise around three per cent to [...]
As it happened: Stocks higher as oil price sinks; Reeves makes bid to stay as Chancellor June 25, 2026 Welcome back to the City AM liveblog. The price of oil is heading lower this morning as the outlook around the Strait of Hormuz improves. Brent crude – the international benchmark for oil prices – tumbled below $73 per barrel, extending losses for a fourth consecutive session. These moves helped wipe out all the gains [...]
Consulting giants face up to AI-reckoning June 25, 2026 Shares in major consultancy firms have dropped sharply as investors fret over the impact of AI on the industry. Maria Ward-Brennan and Rosie Harris-Davison look at whether the threat is real. A bloodbath is unfolding across the professional services sector as artificial intelligence (AI) hammers the shares of global consulting giants like Accenture, IBM and [...]