By: Maisie Grice

Investment Reporter Maisie Grice is City AM’s investment reporter. She completed the Financial Time’s newsroom apprenticeship, working on specialist magazine Investors’ Chronicle and the UK news desk before joining FT Money as a personal finance reporter. She also worked as a regional news reporter at the Manchester Evening News, covering live events, crime and local politics.

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HSBC sells Singapore insurance arm to Allianz in £1.6bn deal

Banking

FTSE 100 HSBC has agreed to sell its health and life insurance business to German insurance giant Allianz for $2.1bn (£1.6bn) as it refocuses its strategy on Singapore’s wealth management. The banking giant agreed to sell its Singapore business to Allianz in a transaction that is expected to be completed in the first half of [...]
Bad news: Reach share price sinks amid digital headache and falling print sales

Markets

London listed publisher Reach continued to feel the impact of declining online views and lower print circulation, as the company continues to navigate the changing media landscape. The group’s share price sank 19.5 per cent in early trading to 47.4p, bringing the stock down 13.6 per cent since January after the company suffered a sharp [...]
‘We are going to run out’: Mitie marks eleventh mega takeover of 2026

Markets

Mitie’s takeover by rival facilities management group OCS marks the London Stock Exchange’s eleventh £1bn takeover so far this year, as the market continues to serve as a hunting ground for private buyers. OCS agreed to pay 218.5p per share and a final dividend of up to 3.1p. The offer price comes at a 44.7 [...]

IHT receipts hit record high as Rachel Reeves’ frozen bands raid plague Brits

July 21, 2026

Inheritance tax receipts soared to a record high in the three months to June 2026, as frozen thresholds drag more Brits into the net. Receipts hit £2.3bn over the period, according to the latest figures from HMRC, a £96m increase from the same period last year. In June alone inheritance tax (IHT) receipts totalled £871m [...]
London Stock Exchange unveils ‘LSE24’ round-the-clock trading venue

July 21, 2026

The London Stock Exchange has unveiled plans to introduce 24-hour trading as it seeks to claw back interest from retail investors lured away by crypto and overseas markets. The stock market’s operator, LSEG, said it will launch the new venue, dubbed LSE24, as soon as next year in order to give “global investors greater flexibility [...]
FTSE 250 facilities manager swept off London Stock Exchange in £3.1bn deal

July 21, 2026

Mitie is set to become the latest company picked off the London Stock Exchange, after agreeing to a £3.1bn takeover by UK rival OCS. The global facilities management company agreed to pay 221.6p in cash for the firm, comprising 218.5p per Mitie share and a final dividend of up to 3.1p. The offer price is [...]
Dimon threatens to ditch JP Morgan tower in tax warning to Burnham

July 21, 2026

The boss of JP Morgan has refused to commit to the future of the bank’s planned £10bn tower in Canary Wharf as he warned Andy Burnham’s new government against penalising the banking sector with a raft of new taxes. Jamie Dimon, the chief executive of the US financial behemoth, said he hoped that London would [...]
Wealthy Brits fear Burnham tax consequences

July 20, 2026

Wealthy Brits are bracing for a major shake-up of the tax system, as the UK’s new prime minister looks for ways to fund fresh spending commitments. Prior to taking office, Andy Burnham had already hinted at plans over how the country should be taxed. The Makerfield MP has so far refused to rule out a [...]
Big Yellow slashes staff and turns to automation after Reeves’ business rates blow

July 20, 2026

Big Yellow continued to trim its headcount and hike investment into automation in a bid to cut staff costs, as the company continues to deal with the fallout of Reeves’ decision to hike business rates. The Chancellor’s decision to increase both national insurance and minimum wage in the 2024 Autumn Budget, caused the group to [...]
Private equity firms eye valuation gap as City falls to takeovers

July 20, 2026

The London Stock Exchange has seen a sharp uptick in takeover premiums this year as a deals spree from led by private equity firms and foreign buyers accelerates. The average price paid by acquirers relative to companies’ share prices has hit 45 per cent, according to data from AJ Bell. Foreign buyers account for 86 [...]

‘Dwarfed by other costs’ – Why cutting business rates for pubs won’t save the sector

Crystal Palace stadium set for £130m revamp with 25,000 seats

National Tequila Day: Three cocktails to celebrate

By: Maisie Grice

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