FTSE 100 suffers worst single-day sell-off since May as banks brace for tax raid Markets The FTSE 100 has suffered its biggest single-day drop since May as European markets are hit by a continent-wide rout in the bond markets, which has pushed western government borrowing costs to multi-decade highs. London’s blue-chip index dropped by two per cent in early trading, erasing all its gains from the third quarter in a [...]
Airtel Money set for £5.3bn valuation in London’s biggest IPO in years Fintech Airtel Money is set to float at a valuation of £5.3bn in what would be one of the biggest listings on the London Stock Exchange in recent years. The fintech arm of the telecommunications giant Airtel Africa said its investors would sell 270m shares at a price of £1.96 per share in the offer, which [...]
As it happened: FTSE 100 rises but energy shock looms; Healey says government debt an ‘affront to Labour values’ FTSE 100 Live Welcome back to the City AM FTSE 100 liveblog. Stick with us throughout the day for the latest London Stock Exchange and wider business and economic news, as soon as we get it. The main event of the day will be Chancellor John Healey’s speech at Labour conference in Liverpool. Here’s a look at some [...]
Value of UK deals rockets as buyers pounce on FTSE 100 firms September 9, 2026 The value of UK merger and acquisitions more than doubled in the first half of 2026 as foreign buyers capitalised on sluggish valuations to pick off some of Britain’s most valuable companies. Takeovers worth some £124bn were struck in the first six months of the year, up 107 per cent year-on-year from £60bn in the [...]
‘We have been ignored for most of our life,’ says FTSE 100’s newest bank August 17, 2026 Lion Finance thought of itself as the London Stock Exchange’s wallflower. But after its promotion the the market’s blue-chip index earlier this year, the bank is finally getting noticed. Shares in the group formerly known as Bank of Georgia have enjoyed a quiet ascent since the beginning of 2022. In that four-year window the stock [...]
Airtel and Sumup set to kick off London’s fintech IPO test August 12, 2026 Airtel and Sumup are set to hand a potential $20bn boost to the London Stock Exchange with long-awaited IPOs that could help pave the way for a host of fintech firms to come to market. Telecommunications giant Airtel is planning to list its mobile money business in London before the end of the year, its [...]
As it happened: Stocks reverse losses after Trump threatens harder strikes on Iran; Oil at four-week high July 15, 2026 Welcome back to the City AM liveblog. Oil prices have reached a four-week high after the Strait of Hormuz became too unsafe for ships travel through following the exchange of strikes between the US and Iran. Brent crude – the international benchmark for oil prices – tipped over the $87 per barrel mark on Tuesday [...]
‘Too much tax, too much regulation’: Fintech chief sounds alarm on UK economy and IPO market July 7, 2026 The boss of one of the UK’s fastest-growing fintech unicorns has warned the country risks “putting founders off” with overregulation and heavy taxation as speculation rises that the Labour government could make a major lurch to the left. Paul Taylor, who founded banking software firm Thought Machine in 2014, told City AM he feared UK [...]
As it happened: Stocks rise as oil lower; Iran threatens ‘forceful response’ over Strait of Hormuz July 3, 2026 Welcome back to the City AM liveblog. The rate of traffic flowing through the Strait of Hormuz is gradually picking back up in a major boost to the oil market. Brent crude – the international benchmark for oil prices – held steady at near $72 per barrel on Friday morning. It marked a similar level [...]
Two Uzbekistani London debuts delayed to next year July 1, 2026 The eagerly anticipated London listings of two Uzbekistani state-owned companies have been pushed back to 2027, the country’s deputy prime minister has said, despite the successful public debut of its national investment fund earlier this year. Jamshid Kuchkarov told an event in Tashkent that planned IPOs of Uzbekistan Airways and telecom giant Uzbektelecom will no [...]