UK asset managers pile into cut-price software stocks after rout Investing Two of Britain’s largest asset managers have bolstered their positions in under-fire software companies in a bet that markets are overestimating the harm that artificial intelligence will have on their business model. Aberdeen and Rathbones have both added to holdings data giants like Relx, Adobe and Experian, arguing that the firms’ cratering valuations are largely [...]
Mark Kleinman: Audit watchdog at risk of becoming empty shell Business Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column Audit watchdog at risk of becoming empty shell Will the last one to leave please turn out the lights? That might seem an exaggerated extrapolation on the retirement of Sir Jan du Plessis, the septuagenarian chairman [...]
The first tech wobble of 2026 revives AI bubble fears Tech Following a swell of AI bubble scepticism at the back end of 2025, this year’s first market wobble has arrived early, landing squarely on global tech stocks. When Anthropic released a new AI tool designed to help in-house legal teams triage agreements and draft routine responses, the reaction trickled down through law firms straight into [...]
The markets are getting it wrong on AI risk February 13, 2026 Concerns that AI will make entire sectors obsolete are overblown. These are not companies encountering AI for the first time, yet markets appear to be pricing them as if adaptation is impossible, says Michael Clark The repeated sell-offs triggered by new AI product launches suggest markets are struggling to distinguish between headlines and reality. Each [...]
Relx reassures as AI fears hit data stocks February 12, 2026 Relx has sought to steady nerves with Thursday’s trading update, following a week of sharp AI-driven sell-off across legal and data stocks. The digital tool giant reported full-year results this morning showing revenue of £9.59bn for 2025, up from £9.43bn in 2024, representing seven per cent underlying growth. Reported operating profit rose to £3.03bn from [...]
FTSE 100 Live: Schroders in £10bn deal; UK economic growth lags February 12, 2026 Good morning and welcome back to the City AM liveblog. It was another record day for the FTSE 100 on Wednesday, which secured its highest close of all time. On a strong day for commodity-related stocks in London, London’s blue-chip index closed 1.14 per cent higher at 10,472p. But it wasn’t all cheery in the [...]
Nick Train’s Finsbury fund slides further as AI triggers jitters February 4, 2026 Nick Train’s Finsbury Growth and Income Trust (FGIT) has endured another torrid few days after being caught up in the sell-off in data and software stocks. The trust is heavily exposed to London’s leading listed software companies, all of which have faced heavy pressure since the launch of Anthropic’s legal productivity tool on Monday. At [...]
LSEG, Sage, Rightmove shares fall as Anthropic AI rattles markets February 4, 2026 Shares in global software giants tumbled again on Wednesday morning as the latest AI innovation from Anthropic rattled global markets. The London Stock Exchange Group (LSEG) extended Tuesday’s losses falling near two per cent in early trading to lows of 6,774.00p before clawing back some gains. Meanwhile Rightmove led the index’s fallers, with a slump [...]
Anthropic’s new AI legal tool wipes billions off European data stocks February 3, 2026 Shares in Europe’s biggest data, publishing and legal software groups slumped after AI giant Anthropic unveiled a new tool aimed directly at in-house lawyers. The move rattled investors who had long viewed the sector as an AI winner. In London, Relx fell close to 11 per cent, while Pearson dropped around four per cent. London [...]
RELX: FTSE 100 group’s AI tools lead strong start to 2025 April 24, 2025 RELX has kicked off 2025 with strong momentum, reaffirming its full year guidance for growth in revenue, profit, and earnings per share. The FTSE 100 group cited the rapid adoption of its generative AI-driven legal platforms, which are accelerating performance in one of the firm’s core divisions. The global analytics and decision tools provider reported [...]