Bond sell-off rocks Europe after France imposes curfew to contain riots Markets European bond and equity markets were hit by a fresh sell-off on Monday as the French government rolled out curfews to contain explosive riots that have spread across the country. The 10-year yield on French bonds – a direct reflection of the government’s cost to borrow – spiked around 13 basis points to 4.9 per [...]
Plus500 turns to US for ‘super-app’ ambitions Fintech Plus500 has laid out plans for a “super-app” in the US after completing a takeover that will deepen its presence across the Atlantic. The FTSE 250 fintech said on Tuesday it had begun development of a super-app that will offer “sophisticated trading capabilities” and new features for US users. It came as the firm revealed [...]
As it happened: Oil surges after Trump says he doesn’t ‘really want’ Iran peace FTSE 100 Live Welcome back to City AM‘s FTSE 100 liveblog. The FTSE 100 has returned to the red after markets were hit by the spiking price of oil this week that led to a global bond sell-off. The UK’s 10-year gilt yield rose ten basis point yesterday before giving up some gains to settle seven basis points higher at [...]
Zilch leaning towards London IPO as UK fintech calls in bankers September 30, 2026 UK fintech Zilch is leaning towards a public debut on the London Stock Exchange as it kickstarts plans for a potential $2bn listing as soon as next year. The payments firm, founded in London in 2018, views London as the favoured venue for a listing, likely to take place in the second half of 2027 [...]
FTSE 100 bosses’ pay boom fails to bridge Wall Street gap September 29, 2026 Pay for FTSE 100 bosses ballooned over the last year as boards turned to share bonuses in a bid to catch up with the compensation offered by US giants. The median granted chief executive pay in London’s blue-chip index swelled 16 per cent to £6.1m, according to a report from Diligent Market Intelligence. Long-term incentives [...]
Revolut and Monzo urge Healey to raise bank tax threshold September 28, 2026 Revolut, Monzo and Shawbrook are among a raft of challenger banks calling for John Healey to raise the threshold at which UK lenders are hit with an additional tax grab. The group – which also includes Investec, Aldemore and OSB – have written to the Chancellor ahead of the Budget in a bid to remove [...]
Chrysalis sells off Klarna stake for £34m after stock plunge September 28, 2026 Chrysalis Investments has sold off its remaining stake in buy now, pay later firm Klarna following a bruising plunge in the fintech’s value over the last year. The British investment trust said on Monday it had offloaded its remaining holdings in the Swedish company for £34m, which followed on from a £6m sale in July. [...]
As it happened: FTSE 100 rises but energy shock looms; Healey says government debt an ‘affront to Labour values’ September 28, 2026 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 [...]
Revolut US licence win ‘strengthens pre-IPO story’ September 9, 2026 Revolut’s conditional approval for a US banking licence has been hailed as a “consequential” step in the fintech’s march towards a long-awaited public debut. The digital bank landed approval from the Office of the Comptroller of the Currency (OCC) for its American national bank charter last week, clearing a major hurdle to launch its operations [...]
Investors fret as UK fintech chief bows out September 9, 2026 Lisa Jacobs has overseen a tumultuous time at the helm of London-listed fintech Funding Circle. After she announced plans for her exit, Samuel Norman takes a look at Jacobs’ tenure in this week’s column. As she announced plans to bow out from fintech firm Funding Circle on Tuesday, Lisa Jacobs was desperate to play down [...]