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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Markets would take Miliband chancellor appointment ‘worse’ than Streeting, predicts Cavendish chief

June 24, 2026

The boss of a London-listed investment bank has warned that markets would react “worse” to Ed Miliband as Chancellor than Wes Streeting, as speculation grows over who will take over the Treasury Starmer’s resignation and Andy Burnham’s widely expected coronation have caused investors to swing their gaze to his future neighbour in No 11. Burnham, [...]
Reeves’ new tax charge on cash ISAs faces fierce industry backlash

June 23, 2026

The Treasury has revealed plans for the UK’s new ISA regime, which will see it tax interest on cash held in stocks and shares ISAs at 22 per cent, prompting fierce backlash from industry figures, who argue that the decision is “riddled with unintended consequences”. HMRC updated the market on three rules that will create [...]
‘Act now’: AI models capable of attacks on governments months away, Five Eyes warn

June 23, 2026

Powerful AI models capable of devastating cyber attacks on both governments and businesses are just months away, intelligence agencies for the coveted Five Eyes has warned in a rare joint statement. The cyber security agencies from Australia, the US, UK, New Zealand and Canada, urged leaders to “act now” in a rare public intervention after [...]
Oracle slashes 21,000 jobs amid AI embrace as tech sell-off rocks Asia

June 23, 2026

Software giant Oracle axed around 21,000 roles in the last year as the US tech giant turbocharged its AI adoption plans – even as markets continue to question the rapid acceleration of the tech boom. The computing firm – which is listed on the New York Stock Exchange – said in its annual report the [...]
SpaceX kicks off bond sale as it looks to begin mass borrowing spree

June 22, 2026

Elon Musk’s SpaceX has begun selling investment grade bonds for the first time in what is anticipated to be a mass borrowing spree in order to fund the company’s ambitious AI plans following its blockbuster Nasdaq listing. Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase & Co and Morgan Stanley are arranging calls with investors [...]
HMRC has been overtaxing pensioners for a decade- have you been affected?

June 22, 2026

Two weeks ago it was revealed that HMRC has been overcharging millions of pensioners on their tax bill for at least a decade. The taxman had knowingly overcharged taxpayers in receipt of their state pension because of an error in how their income was calculated each year, increasing the bills of up to 8.7m pensioners [...]
Babcock predicts global government defence spending spree after hit to profit

June 22, 2026

Babcock said it had suffered a £140m financial hit due to delays in a contract with the Royal Navy but reiterated its financial targets for the next year, predicting high spending as global governments plough cash into defence. Profit before tax slumped to £267.2m from £339.4m in the prior year after problems with its Type [...]
Retail sales jump as third-warmest May on record sends Brits to the high street

June 19, 2026

UK retail sales climbed in May, as consumers flocked back to the high street amid the heatwave and showed sustained demand for new electronic products. Retail sales volumes are estimated to have increased by 1.2 per cent in May, following a 1 per cent fall in April as fears over the Iran war caused Brits [...]
As it happened: Pound dips and stocks slip as Andy Burnham victory triggers political uncertainty

June 19, 2026

Good morning from the City AM liveblog team. Andy Burnham has secured his place in the House of Commons after a decisive by-election win in Makerfield overnight, with 54.8 per cent of the vote, well ahead of Reform’s 34.5 per cent. Top of Burnham’s to-do list is triggering a leadership challenge inside the Labour party, [...]
AllianzGI chief executive warns of AI ‘socialism’ as investors lean on chatbots

June 18, 2026

The chief executive of one of Europe’s largest asset managers has urged investors to avoid being over-reliant on general online chatbots to manage their portfolios, as it increases the risk of losses. Speaking at AllianzGI’s media day in Frankfurt, Tobias Pross, chief executive of AllianzGI, warned that relying on public online models, such as Claude, [...]

Nearly 1m people to pay higher tax ‘by stealth’

Exclusive: Bordeaux Begles to compete in London rugby sevens tournament

Jeff Goldblum plays the cinematic hits at joyful Royal Albert Hall show

By: Maisie Grice

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