Buy more small caps, says Panmure Liberum. But which ones? February 26, 2026 Now is the time to get back into British small caps, according to the boffins at Panmure Liberum. Headline valuations, on a P/E ratio basis, don’t seem much different in the small caps compared to their big-cap counterparts. But Panmure says that when you adjust for differences in sector composition, you get an average discount [...]
IForex shares lift after trading platform makes London Stock Exchange debut February 25, 2026 Shares in iForex popped after the firm became the latest fintech to debut on the London Stock Exchange. The stock rose as much as 6.4 per cent to 207.5p by the end of its inaugural trading session on Wednesday. It had floated on London’s main market at an offer price of 195p, implying a market [...]
John Lewis blames high costs as it axes build-to-rent venture February 25, 2026 Retail giant John Lewis is to withdraw from its build-to-rent business in a shock U-turn on its diversification plans, after bemoaning high interest rates and a downturn in the London property market. John Lewis Partnership (JLP), which also owns Waitrose, took on management of around 1,000 homes in Bromley, West Ealing and Reading as part [...]
St James’s Place offers up rewards of its turnaround to shareholders February 25, 2026 St James’s Place roused shareholder spirits on Wednesday as the leading UK wealth manager reported funds under management hitting record highs coupled with rising payouts. Funds under management jumped 16 per cent to £220bn, up from £190.2bn the prior year. Gross inflows reached £21.9bn, a 19 per cent increase from £18.4bn, while net inflows increased [...]
Weight-loss drugs to slow supermarket sales February 25, 2026 Weight-loss drugs are set to slim down supermarket sales in the UK as more Brits opt for diet-conscious shopping, a City broker has warned. The growth rate of supermarket sales is expected to slow this year due to the increasing popularity of diet-suppressant jabs, population growth and falling food inflation, according to a note from [...]
Trainline shares tumble after boss disembarks February 25, 2026 It’s the end of the line for the boss of Britain’s best-known rail ticketing app after Trainline chief executive Jody Ford said he would be quitting the business. Ford, who has been at the helm of the FTSE 250 company for more than six years, said he would stay in post until a search to [...]
FTSE 100 Live: Index hits record as HSBC, St James’s stock rally February 25, 2026 Good morning and welcome back to the City AM liveblog. There’s a number of factors weighing on global markets at the moment, and yet the FTSE 100 was able to close Tuesday’s session unscathed. It came despite President Donald Trump’s new 10 per cent tariffs coming into effect, sending some jitters across global indexes. But [...]
UK asset managers pile into cut-price software stocks after rout February 25, 2026 Two of Britain’s largest asset managers have bolstered their positions in under-fire software companies in a bet that markets are overestimating the harm that artificial intelligence will have on their business model. Aberdeen and Rathbones have both added to holdings data giants like Relx, Adobe and Experian, arguing that the firms’ cratering valuations are largely [...]
£40bn to restore Parliament? Maybe Guy Fawkes had the right idea… February 25, 2026 The reported £40bn cost of refurbishing the Palace of Westminster is not a serious proposal – it’s a distraction designed to outrage, writes James Ford We are all familiar with the Goldilocks principle of restaurant wine lists. Every wine list is part marketing ploy, part social gauntlet and pure psychological trickery. It is designed to [...]
The London Tunnels joins JP Jenkins after ditching Euronext February 25, 2026 The company behind plans to convert a set of secret Second World War tunnels beneath the City into a major new tourist attraction has today joined private securities venue JP Jenkins after quitting Amsterdam’s Euronext. The London Tunnels Ltd, which was set up in 2023, floated on the Dutch exchange in 2024 in a bid [...]