FTSE 100 bosses’ pay boom fails to bridge Wall Street gap Markets 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 [...]
Chrysalis sells off Klarna stake for £34m after stock plunge Fintech 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. [...]
Investors fret as UK fintech chief bows out Fintech 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 [...]
Ladbrokes-owner and Aston Martin on chopping block in FTSE reshuffle August 31, 2026 Ladbrokes-owner Entain and Aston Martin are among a handful of firms facing the chopping block in the looming quarterly reshuffle of the London market indices. Entain is slated to tumble out of the FTSE 100 after a bruising period, made worse by the increase of taxes on bookies. The betting business “has battled with high [...]
As it happened: FTSE 100 drops as Antofagasta prompts miner sell-off; oil prices cool August 13, 2026 Welcome back to City AM liveblog. The FTSE 100 dropped on Thursday morning, as the mining sector dragged on the blue-chip index. Antofagasta has fallen furthest, by nearly five per cent, after investors pounced on a production shortfall and cut to full-year guidance disclosed in its update this morning. This spook has weighed on the [...]
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: FTSE 100 falls as Iran and US clash over Strait of Hormuz; Oil stockpiles ‘rapidly depleting’ August 12, 2026 Welcome back to City AM liveblog. Oil prices broke above $89 per barrel on Wednesday morning, notching the sixth consecutive sessions amid mixed signals around a potential deal between the US and Iran. The regime in Iran has said that the United States must end the war before they loosen their grip on the Strait of [...]
Plus500 splashes cash on investors after US expansion bears fruit August 10, 2026 Plus500 has kicked off another round of bumper returns to shareholders after delivering its highest customer income in five years following expansion into the US market. The FTSE 250 fintech recorded revenue of $462.9m for the first half of the year, up 12 per cent year-on-year. Meanwhile customer income, which measures revenue generated directly from [...]
Oil price falls but Trump and Iran clash on negotiations claim August 3, 2026 The price of oil has drifted lower after Donald Trump called off strikes on Iran but progress towards a finalised peace deal continues to stall as the President clashes with Iran’s leadership. Brent crude – the international benchmark for oil prices – tumbled over five per cent on Monday to below $83 per barrel as [...]
‘Nasty’ chip stock rout plunges Nasdaq into correction territory July 29, 2026 A global rout in chip stocks plunged the Nasdaq into correction territory on Tuesday just hours after South Korea’s bourse was forced to halt trading, in a sharp change of fortunes for what has been one of the year’s top performing exchanges. New York’s tech-heavy index fell nearly two per cent at the US market [...]