‘It’s hard to call the peak’: Wall Street banks land $22bn trading haul October 14, 2026 Traders at Wall Street’s biggest banks kept their blockbuster winning streak alive in the third-quarter as they made hay on volatility triggered by the war in Iran and swinging AI stocks. Equity trading divisions at the big six US banks – JP Morgan, Goldman Sachs, Morgan Stanley, Bank of America, Citigroup and Wells Fargo – [...]
Wayfair among firms hit with £6m fine for ‘misleading’ sales tactics October 14, 2026 Online retail giant Wayfair is among three firms fined £6m by the competition watchdog for misleading sales tactics. The Competition and Markets Authority (CMA) said on Wednesday it fined Wayfair £4.8m for misleading customers with false limited-time offers that did not end when they said they would. This follows an investigation in which the CMA [...]
As it happened: Stocks jump in housebuilder boost; oil edges up October 14, 2026 Welcome back to City AM‘s FTSE 100 live blog. Stocks made a shaky start on Wednesday morning following a late collapse on Tuesday afternoon, but eventually recovered to modest gains in the late morning. Housebuilders Barratt Redrow and Bellway led the way, lifting other property names like British Land and Workspace. Oil prices are rising [...]
Plus500 turns to US for ‘super-app’ ambitions October 13, 2026 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: FTSE 100 loses early gains as oil prices stay high October 13, 2026 Welcome back to City AM‘s FTSE 100 live blog. The UK’s blue-chip index made strong gains on Monday morning, jumping more than 0.9 per cent soon after the market open. This follows Tuesday’s strong showing, when the index gained nearly one per cent. In a busy morning the corporate results, Premier Inn owner Whitbread hit [...]
London Stock Exchange faces ‘material depopulation’ October 12, 2026 The London Stock Exchange is facing “material depopulation” following a boom in the M&A landscape dominated by overseas buyers, a top investment bank has warned. Some 42 bids for London-listed firms are currently ongoing with a total market capitalisation of £74bn, according to a new note from Peel Hunt. The figure is more than double [...]
As it happened: FTSE 100 gains; oil rises despite Trump’s Russian diesel deal October 12, 2026 Welcome back to City AM‘s FTSE 100 live blog. The UK’s blue-chip index is set to make gains on Monday morning, picking up where Friday’s rally left off. Oil prices fell in early trading, as Brent crude – the international benchmark for oil – dipped below $104 per barrel following President Trump’s plans to import [...]
City minister insists capital markets reform ‘not a job done’ October 11, 2026 A top Treasury minister has opened the door to further capital markets reforms after saying the government’s job was not done in improving listing incentives. Lucy Rigby, who serves as the economic secretary to the Treasury, otherwise known as City minister, told City AM the government was “continually looking for ways that we can ensure [...]
Revolut boss says US primary listing was ‘always the target’ October 9, 2026 The boss of Revolut has said a primary listing in New York was “always” the company’s top goal, in a snub to the London Stock Exchange after a years-long charm offensive. Nik Storonsky, the founder and chief executive of Revolut, said a primary listing in the US was “always the target, given the deep liquidity [...]
Airtel Money shares muted in biggest London IPO in five years October 9, 2026 Airtel Money shares were muted after the firm it kicked off trading on the London Stock Exchange in the largest initial public offering in the City for five years. The mobile payments firm has priced its shares at £1.96 apiece, which hands it a price tag of around £5.3bn. Existing shareholders, which include the Qatar [...]