City watchdog fines ex-Carillion finance chiefs for market manipulation January 7, 2026 The City watchdog has fined the former finance directors of collapsed construction firm Carillion for their role in making “misleading” statements from the company. The Financial Conduct Authority (FCA) said both Richard Adam and Zafar Khan were aware of “serious financial troubles” in Carillion’s UK business but failed to reflect this in company announcements. Adam [...]
Bial Launches KYNMOBI® (Apomorphine Hydrochloride) in the United Kingdom January 7, 2026 The first sublingual therapy for the intermittent treatment of uncontrolled OFF episodes for adult people living with Parkinson’s Disease
US military won’t invade Greenland, but Wall Street Warriors might January 7, 2026 A US military invasion of Greenland would be self-defeating, but both sides have a great deal to gain from harmonious financial relations, writes James Gray.
Coty recovers from £50m loss amid potential Rimmel and Max Factor sale January 7, 2026 The UK and Ireland arm of Coty has recovered from losing more than £50m as it considers selling off the likes of Rimmel and Max Factor. The New York-listed giant announced at the end of September that it was weighing its options for its consumer beauty division. While a formal decision has not yet been [...]
British investors fled the stock market at a record rate in 2025 January 7, 2026 British investors pulled out of the stock market at a record pace last year, as Budget uncertainty sparked a flight to safe haven assets. Equity fund outflows hit £6.7bn in 2025, twice the rate suffered in 2016, the year of the Brexit referendum, where outflows reached £3.3bn, according to global funds network Calastone. December marked [...]
Majestic Wine blames Reeves’ tax hikes as profit slashed January 7, 2026 Majestic Wine has blamed Rachel Reeves and her tax policies for its profit almost slashing in half during its latest financial year. The Watford-based business said the “economic environment became more challenging” during the 12 months to 31 March, 2025, especially after the general election and the Chancellor’s first Budget. The chain added that these [...]
Air fryer frenzy sees Ninja’s European sales rocket past £1bn January 7, 2026 A surge in demand for air fryers has helped Sharkninja’s European sales surge past the £1bn mark for the first time, the firm’s latest accounts reveal. Sharkninja Europe, the UK-based subsidiary of the US consumer appliance maker, posted turnover of £1.2bn in 2024, a whopping 43 per cent increase on the previous year, as Brits [...]
Bankers eyeing warning signs for credit cycle downturn, says JP Morgan chief January 7, 2026 Bankers are paying close attention to early warning signs of a downturn in the credit market, a top JP Morgan executive has told City AM, as economic uncertainty and a spate of corporate collapses spark lender caution. Filippo Gori, co-head of Global Banking at JP Morgan, cited a rise in rates of fraud as well [...]
FTSE 100 Live: Stock rally cools; Oil tumbles amid Trump tensions January 7, 2026 Good morning and welcome back to the City AM liveblog. The London stock market has opened on a dimmer mood with morning with both the FTSE 100 and FTSE 250 trading into the red. The blue-chip index was hit by the falling price of oil with major stock losses across energy giants Shell and BP. [...]
SA20 future in doubt as Big Bash sale process squeezes cricket investment January 7, 2026 The SA20 franchise tournament is facing an uncertain financial future amid the threat of fresh competition for funding from Cricket Australia’s Big Bash, which is preparing to sell off stakes in its franchises to private investors later this year. All six SA20 franchises are owned by Indian Premier League teams, many of whom have expressed [...]