As it happened: Stocks jittery as Iran war drags on; Reeves unveil cost-of-living package Markets Welcome back to the City AM liveblog. Donald Trump has warned Iran there are two options that could see the US finishing the war in Iran, with one that will “see a few people killed as opposed to a lot”. He added: “We could do it either way.” It’s the latest threat from the White [...]
Goldman Sachs flagship private credit fund bucks industry sell-off Alternate Investments Goldman Sachs’ flagship private credit fund has said investors looked to pull less than five per cent of their holdings in the first three months of this year, dodging an industry-wide redemptions wave that has forced some rivals to gate their funds. The investment bank’s direct lending arm, which functions like a private equity fund [...]
Nick Train’s Finsbury fund slides further as AI triggers jitters Markets 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 [...]
HSBC and Sage tackle Making Tax Digital burden for SMEs January 30, 2026 HSBC UK is launching a new digital tax tool inside its business banking platform, as the countdown to the government’s biggest shake-up of income tax reporting enters its final phase. Built using embedded tech from Sage, the service, called My Business Finances, will allow small business owners to manage invoicing and tax reporting. The move [...]
Fintech growth sparks London hiring spree January 28, 2026 Fintech firms drove a hefty increase in hiring in the financial sector last year, a new report from City recruiter Morgan McKinley shows. Across the financial sector, the number of listed vacancies rose 13 per cent compared to the previous year despite continued inflationary pressures and lingering economic uncertainty. Fintech hiring surged 29 per cent [...]
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 [...]
AI needs to prove itself where it matters most December 31, 2025 People don’t step back from AI because they’re fearful of the technology itself. They step back when it doesn’t align with how their business actually works, writes Sage CEO Steve Hare. A few weeks ago, I spoke with a small business owner who had heard AI could help with her accounts. She wasn’t sure how. [...]
I’ve been speaking to CEOs all year – this is what they really think December 24, 2025 After spending a year interviewing some of the UK’s top business leaders, a number of themes have emerged which paint a concerning picture of their confidence in this country’s future prospects – but there is also hope. In 25 episodes of City AM‘s Boardroom Uncovered podcast series in 2025, a large number of the CEOs [...]
Could FTSE 100 giant Sage jump ship to the Nasdaq? October 20, 2025 Software giant Sage has become a rare beast in recent years – a highly valued technology company still listed on the London Stock Exchange. Worth around £11bn currently, the Newcastle-headquartered group is a firm member of the FTSE 100 index and showing no signs of its growth slowing down. But while Sage has stuck to [...]