London software stocks enjoy ‘boon’ after calls for AI slowdown Tech London-listed software stocks jumped on Monday as calls from the world’s biggest AI companies to slow development offered some relief to businesses previously seen as vulnerable to the technology. Sage climbed more than five per cent to rise the fastest among FTSE 100 firms, while RELX also rose after Anthropic, OpenAI and Elon Musk backed [...]
Sage accelerates AI expansion as revenue grows Tech Sage said it is accelerating the roll-out of AI across its product lines on Wednesday as it reported another quarter of double-digit revenue growth, fuelled by a boost in demand for its cloud accounting software. The FTSE 100 software company said revenue rose 11 per cent to £2.06bn in the nine months to 30 June, [...]
As it happened: Stocks reach all-time high; US fires back at ‘surprise’ Iran attacks Markets Welcome back to the City AM FTSE 100 liveblog. It’s Wednesday and the UK’s blue-chip index surged in early trading to reach an all-time high, brushing off the latest outbreak of attacks in the Middle East. The FTSE 100 hit 10,945 on the market open, eclipsing the previous intraday record of 10,934, achieved in February on the [...]
Late payments costing UK economy £11bn as SMEs struggle to invest June 15, 2026 Late payments are costing the UK economy an estimated £11bn a year and leaving small businesses (SMEs) waiting almost a month to be paid, amid growing concerns over blocked cashflow across the economy. Research from Sage shared with City AM found that 49 per cent of SME invoices are paid late, with businesses waiting an [...]
As it happened: Stocks jittery as Iran war drags on; Reeves unveil cost-of-living package May 21, 2026 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 April 7, 2026 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 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 [...]
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 [...]