There’s a new Magnificent 7, and it’s called the Fusty 5 Markets The success of the ‘Magnificent 7’, a group of technology companies so called for their historic stock market performance and gargantuan scale, has to many been the defining market story of the past half-decade. The seven hyperscalers – which include Alphabet, Amazon and Nvidia – have carried the American stock market to a years-long streak [...]
M&S is now worth more than Snapchat Markets Here’s an interesting stock chart comparison that caught my eye this week. For the first time, the market cap of Snapchat owner Snap is now less than supermarket M&S, in a sharp reversal of the tech firm’s fortunes. If you’d spent £1,000 on shares in the social media platform five years ago, you’d be left [...]
FTSE 100 Live: Supermarket shares fall in trolley wars; M&S rises amid cyber recovery Markets 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 [...]
City AM’s 10 stock picks for 2026 January 1, 2026 2025 was a rollercoaster year for the stock market. Equity indices fell off a cliff in April when the unveiling of US president Donald Trump’s “Liberation Day” tariffs spooked investors and triggered a widespread sell-off. They have since made a strong recovery, helped along by enthusiasm for the innovative potential of AI and the stocks [...]
The best (and worst) Christmas sandwiches in supermarkets, from Tesco to Pret December 3, 2025 Has there ever been a more exciting way to pep up a working lunchtime than with a Christmas sandwich? Probably. Still, take a moment out of your day this week to celebrate the arrival of December by treating yourself to a seasonal sarnie (if you’re a seasonal Scrooge, here is our pick of the most [...]
“The bad guys don’t break in – they log in”, says cyber expert November 8, 2025 It is no surprise that cybersecurity is now at the top of boardroom agendas. Over the past 18 months, a spate of high-profile breaches has exposed vulnerabilities across sectors, from retail and finance to automotive supply chains. Jaguar Land Rover, the latest headline hit, was forced to halt production for five weeks in late 2024 [...]
‘Sower of chaos’ – Russia behind UK cyberattacks, says Cloudflare boss October 30, 2025 The recent spate of cyberattacks that have crippled British firms is largely being carried out by Russia, which used the outbreak of the conflict in Gaza as a “cover story” to deflect attention, the boss of one of the world’s largest cybersecurity firms has said. Cloudflare chief executive Matthew Prince told City AM that the [...]
‘Exceptional’ M&S chair Archie Norman cleared for three more years in role October 14, 2025 Marks and Spencer’s board has unanimously extended Archie Norman’s tenure as chair in light of his “exceptional” performance over the last nine years. While it is uncommon for chairs to stay longer than nine years, the board of M&S agreed that Norman’s “deep knowledge of the business, drive and unique experience” were invaluable to the [...]
Ex-GCHQ chief: No company should be offline for weeks after cyberattack October 3, 2025 No vigilant company should need to go offline for more than a few days after a cyberattack, the former director of GCHQ has said in comments that will pile fresh scrutiny on Jaguar Land Rover’s (JLR) preparedness before its hack left production at a standstill for over a month. Robert Hannigan, who ran the UK [...]
City veteran Lord Rose: UK is ‘at the edge of a crisis’ September 9, 2025 Lord Stuart Rose has launched a scathing attack on the government’s economic strategy, claiming the UK is “at the edge of a crisis.” The City veteran told Times Radio: “I think we should all be worried about the state of Britain today. “Now, I am absolutely an optimist in my life. I’ve been working for [...]