Tech stocks slide as AI extinction warnings rattle markets Tech Tech stocks tumbled across Asia and US futures pointed lower on Monday after some of the world’s most powerful AI bosses called for the industry to slow development over safety fears. The tech-heavy Nasdaq Composite dropped 1.6 per cent shortly after the opening bell, while the S&P 500 fell 0.7 per cent and the Dow [...]
Anthropic touts ‘strongest safeguards’ as AI warning dogs IPO push Tech Anthropic has defended its safety record after an exiting researcher accused the AI behemoth of “gambling with our lives”, as scrutiny builds ahead of a possible IPO. The Claude maker said it has “some of the strongest safeguards in the industry” and has long been open about the risks posed by increasingly powerful AI. “We [...]
Abolish stamp duty on shares to reverse London’s IPO slump, say top fintechs Fintech The group that represents the UK’s fastest growing fintech companies has called for the government to scrap stamp duty on shares to boost London’s flagging initial public offering market. Innovate Finance – which counts Revolut, Monzo and Zilch among its members – has called for the Treasury to ditch the 0.5 per cent levy on [...]
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 [...]
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 [...]
Investors dump UK stocks as Budget rumours compound caution September 8, 2026 UK equity funds have been hit with another month of outflows after investors dumped stocks in favour of cash and bonds. Investors withdrew a net £601m from UK stock funds during August, driving a broader £315m net outflow across global equity strategies. The retreat marks the fourth consecutive month of net selling globally and the [...]
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 [...]
London pensions firm eyes more deals after HSBC and Lloyds takeovers August 25, 2026 Pension consolidator Chesnara has said it is eyeing more deals after it swung back into profit following its takeover of HSBC Life UK. The London-listed firm recorded a £61m pre-tax profit in the first half of 2026, bouncing back from a £5m loss in the same period last year. Revenue soared to £255.9m, up from [...]
As it happened: Miners fuel FTSE 100 recovery; oil jumps as Trump claims Strait of Hormuz August 19, 2026 Welcome back to the City AM liveblog. The FTSE 100 is falling on Wednesday as oil prices continue their march upwards and investors digest a jump in inflation. The Office for National Statistics (ONS) put the consumer price index inflation reading at 2.9 per cent for the 12 months to July. The previous inflation reading [...]