Prudential names HSBC veteran Douglas Flint as new chair January 14, 2026 Prudential has tapped the former chairman of banking juggernaut HSBC Douglas Flint as its new chair. The London-listed financial services giant said on Tuesday Flint would succeed retiring Shriti Vadera, who has been in the post since January 2021. Flint served as HSBC’s chair from 2010 to 2017, following a stint as group finance director [...]
FTSE 100 Live: BP’s $5bn hit; Prudential taps ex-HSBC chair January 14, 2026 Good morning and welcome back to the City AM liveblog. Investors were taking a back seat to risk on Tuesday after President Donald Trump’s latest salvo on the Federal Reserve rocked global markets. The US Department of Justice opened a criminal investigation into the Fed’s chair, Jerome Powell, as Trump escalated his crusade against the central bank’s [...]
FTSE 100 Live: Supermarket shares fall in trolley wars; M&S rises amid cyber recovery January 8, 2026 Good morning and welcome back to the City AM liveblog. The FTSE 100’s rally came crashing down yesterday as steep losses across commodities dragged the index into the red. Whilst one shouldn’t fret too much with the index still holding firm above its latest milestone, Wednesday’s 0.7 per cent drop still wiped over 70 points [...]
Banking and insurance to drive financial M&As after 2025 frenzy January 7, 2026 Deals in the financial services sector are expected to be “robust” in the year to come, following a burst of activity from the banking and insurance sector in 2025. UK banks, insurers and asset managers publicly disclosed 337 deals last year. Whilst this dipped down from the record high of 378 in 2024, the value [...]
FTSE 100 Live: Next gets Christmas boost; JLR sales crash after cyber attack January 6, 2026 Good morning and welcome back to the City AM liveblog. British defence stocks were taken for a ride on Monday after rising geopolitical tensions put heightened investor appetite. It was the City’s defence giants Babcock and BAE leading the FTSE 100 to start the week, alongside gold miners who were benefiting from the surging price [...]
FTSE 100 Live: Miners sink blue-chip index; CMA crackdown November 18, 2025 Good morning and welcome back to the City AM liveblog. We’re another day closer to the all-important Autumn Budget and the mood started on a sour note once more on Monday. The FTSE 100 struggled to slip out of the red ending the day on a loss of 0.24 per cent to 9,675.43p. Meanwhile, the [...]
Shawbrook’s private equity owner eyes another £3bn IPO November 12, 2025 The private equity owner of specialist lender Shawbrook is eyeing another blockbuster listing for one of its portfolio companies, fresh reports have suggested. Pollen Street Capital is understood to be laying the groundwork for an IPO for its UK insurer Markerstudy with conversations underway with investment bankers over a listing that could value the firm [...]
FTSE 100 Live: Diageo taps new top chief; private equity swoop November 10, 2025 Good morning from the City AM liveblog team, It’s a new week in the City and markets will be hoping for a recovery rally after tech jitters sent stocks deeper into the red on Friday. There’s a mixed bag of factors weighing on global indexes, namely the ongoing government shutdown in the US and the [...]
A harmful budget risks shattering IPO revival, Cavendish chief warns October 13, 2025 The boss of a London-listed investment bank has warned Rachel Reeves must be “careful” her budget policies do not damage the recuperating IPO market. Speaking to City AM at City & Financial Global’s Capital Markets Summit, Julian Morse, chief executive of Cavendish, said: “The main driver [of the IPO market] is the economy, so if [...]
Shawbrook looks to raise over £50m in November IPO October 13, 2025 Specialist lender Shawbrook has confirmed its intention to kick off an Initial Public Offering (IPO) on the London Stock Exchange. The company is targeting a listing in early November 2025 and expects to raise £50m in net proceeds through new shares. This will be alongside the sale of existing shares by Marlin Bidco Ltd – [...]