A harmful budget risks shattering IPO revival, Cavendish chief warns October 13, 2025 The boss of a London-listed investment bank has warned Rachel Reeves must be “careful” her budget policies do not damage the recuperating IPO market. Speaking to City AM at City & Financial Global’s Capital Markets Summit, Julian Morse, chief executive of Cavendish, said: “The main driver [of the IPO market] is the economy, so if [...]
Don’t stop at housing, abolish stamp duty on shares too October 10, 2025 Abolishing stamp duty on housing would be a bold step towards economic renewal. But don't stop there, says Blake Stephenson.
FTSE 100 Live: Ibstock shares tumble, Princes confirms £1.5bn London IPO October 10, 2025 Good morning from the City AM liveblog team. JP Morgan boss Jamie Dimon has joined the chorus of warnings over an AI-driven market boom that some fear could go the way of the dot-com crash. Speaking from Bournemouth, where the bank announced a £350m investment in its local campus, Dimon described himself as “far more [...]
Motor finance: Lloyds, Barclays shares jump as FCA softens blow October 8, 2025 Shares in motor finance lenders rallied on Wednesday morning after the Financial Conduct Authority dropped a major update on its industry-wide redress scheme. Lloyds Banking Group – which owns the UK’s largest motor finance provider, Black Horse – was up over two per cent to 85.06p. Meanwhile, Close Brothers, which just last week set aside [...]
Rolls-Royce, BAE, Babcock: Defence shares rally after Trump remarks September 24, 2025 Shares in London-listed defence firms rallied during early trading on Wednesday after President Donald Trump changed his tune on the Russia and Ukraine conflict. Aerospace firm BAE Systems led the City’s blue-chips with a 1.6 per cent gain to 1,982.50. Meanwhile Babcock was up over one per cent to 1,195 and FTSE darling Rolls-Royce rose [...]
Natwest and HSBC shares dip as bank tax chatter heats up September 22, 2025 Shares in Natwest and HSBC dipped on Monday morning as traders digested renewed chatter of a tax hike on Britain’s banking giants. Natwest tumbled as much as 1.3 per cent to 506p when markets opened, while HSBC fell 0.6 per cent to 1,022p. Barclays fell nearly 0.2 per cent to 381p. Lloyds was broadly flat [...]
Elon Musk’s payday could top $1tn with Tesla shares deal September 15, 2025 Elon Musk, already the world’s richest man, is at the centre of a corporate controversy after Tesla’s board proposed a $1tn (£820bn) compensation package – the largest in corporate history. The ten-year plan, designed to incentivise Musk to focus on his EV business, would reward the chief executive with 12 tranches of shares, if Tesla [...]
Sainsbury’s FTSE 100 shares highest since 2014 after Argos talks September 15, 2025 Shares in FTSE 100 supermarket giant Sainsbury’s have surged to their highest value in more than a decade after it held brief talks to sell Argos to Chinese e-commerce giant JD.com. Sainsbury’s share price has jumped by almost five per cent in early trades this morning to 322p. The value is the company’s highest its [...]
Reeves urged to give stamp duty holiday for fresh stock exchange listings September 14, 2025 Rachel Reeves has been urged to give a stamp duty holiday for companies when they list on London’s stock exchange as her Taskforce looks for ways to boost the beleaguered bourse. Representatives of the chancellor’s listings taskforce, which she set up after her Mansion House speech in July, have floated an up-to-five-year break on stamp [...]
Starling Bank eyes £4bn valuation in secondary share sale September 10, 2025 UK fintech Starling is eyeing a valuation of £4bn in a new secondary share sale. The digital lender is in talks with Morgan Stanley and Rothschild to run the sale process, which the firm is hoping could help it net a valuation between £3.5bn and £4bn. The sale – the first since the group’s valuation [...]