Why are asset managers turning away from the US? October 28, 2025 Asset managers are increasingly choosing to diversify their portfolios away from US stocks, despite Wall Street’s pronounced rally, as fears over being overexposed to secular markets grows. US markets saw a significant bounce back in recent months, shaking off the lows that followed Trump’s tariff announcement in April, with investors not yet losing their appetite [...]
HSBC shares rise as Georges Elhedery’s pivot East beats the noise October 28, 2025 HSBC’s pass through the third quarter was almost identical to the second. Despite another hefty hit to the firm’s bottom line, chief executive Georges Elhedery has quietly and effectively pushed ahead with his bold overhaul of the group. For the three months to September 30, HSBC took a 14 per cent profit beat falling to [...]
Reform UK pledges to ‘have legislation drafted’ before next election October 28, 2025 Reform UK has vowed to write draft legislation before entering government if it were elected into Downing Street, with sweeping changes to Whitehall and civil service codes to be among its top priorities. At a press conference on Tuesday afternoon, policy chief Zia Yusuf and the backbencher Danny Kruger said the party “don’t come with [...]
NRL and Super League hold talks over rugby stake sale October 28, 2025 Rugby league discussions took place in London that could be instrumental in seeing the NRL purchase a stake in the Super League. Andrew Thirkill, Simon Moran and Mike Danson – owners of Hull FC, Warrington Wolves and Wigan Warriors – were reportedly part of the discussions with Australian Rugby League Commission chair Peter V’Landys and [...]
Six vineyards, one bike: inside the UK’s first boozy bike trail October 28, 2025 For the Autumn edition of City AM The Magazine, Adam Bloodworth takes on the UK’s first wine bike trail The Rother Wine Triangle unites two groups that should arguably never meet: cyclists and vinophiles. Connecting seven vineyards together with one handy new map, one bloke got so drunk at the first stop he was forced [...]
British businesses lead the world in risk management October 28, 2025 UK businesses lead global peers in risk oversight, with nearly eight in ten British businesses reporting that boards are directly involved, a figure significantly higher than global peers. According to Aon’s new ‘global risk management survey’, senior leadership in the UK is taking on greater responsibility for the risks their businesses face, as three-quarters of [...]
Barbarians: Inside rugby team playing All Blacks in London this weekend October 28, 2025 The Barbarians are taking on an All Blacks XV this weekend at Premier League club Brentford’s Gtech Community Stadium in London. Rugby’s financial structure is bizarre at the best of times: on one hand you’ve got teams playing every week struggling to make ends meet, and on the other hand you’ve got the British and [...]
Transparency concerns as FCA makes short sellers anonymous October 28, 2025 Firms short-selling UK-quoted companies will no longer have to reveal their identities in the latest deregulation drive by the UK’s financial watchdog. The Financial Conduct Authority (FCA) is consulting on a rule change to suspend disclosures of the companies that hold a short position in listed businesses, instead only publishing the total short positions in [...]
HSBC: FTSE 100 lender’s profit slumps as legal costs jump October 28, 2025 Europe’s biggest lender, HSBC reported better-than-expected revenue in the third quarter, but recorded a double digit decline in profit as it set aside over a billion dollars following a fresh ruling on the Bernie Madoff fraud scheme. HSBC’s pre-tax profit fell to $7.3bn (£5.4bn) in the three months to September 30, a fall of nearly [...]
What’s the point of living in Zone 2 anymore? October 28, 2025 A grand a month for Tube delays and no nightlife to speak of, what's even the point of living in Zone 2 nowadays, asks Matt Kenyon.