HSBC shares sink after revenue misses expectations October 27, 2026 Shares in HSBC plunged this morning with billions wiped from its market value after the bank missed revenue expectations in the third-quarter. The FTSE 100 bank’s stock slid seven per cent in early trading to 1,269.0p in a move that shed around £16bn from the firm’s market capitalisation. It also put it on track to [...]
Private equity-backed Unity Advisory hits 120 clients as former Big Four chiefs target rivals October 27, 2026 Having shaken off early legal threats from PwC, secured 120 clients, and already won work from traditional rivals, two former Big Four heavyweights told Rosie Harris-Davison that their advisory firm, Unity Advisory, is not a challenger but a contender in the evolving market. Marissa Thomas, former chief operating officer and managing partner at PwC UK [...]
Budget 2026: Will the real John Healey please stand up? October 27, 2026 John Healey is set to deliver his first Budget although business chiefs, trade unionists and bond traders are still unsure of what to expect. Maurício Alencar reports on whether he can assert his authority on Wednesday. In the period between Sir Keir Starmer leaving Number 10 and Andy Burnham taking over, ambitious Labour figures vied [...]
‘You can walk in the road!’: Inside Oxford Street’s first day without traffic October 26, 2026 As the first phase of the mayor's Oxford Street pedestrianisation project began, Anna Moloney rushed to Selfridges to soak up the scene.
Deloitte hikes pay for top boss while headcount shrinks October 26, 2026 Big Four giant Deloitte hiked pay for one of its chief executives last year by almost half while overall headcount at the firm fell, in part tied to targeted job cuts. According to the firm’s latest accounts, Deloitte’s chief executive of EMEA, Richard Houston, saw his pay increase to £7.1m, almost fifty per cent more [...]
Media Release: Allianz Beach Arena for the LA28 Olympic and Paralympic Games Joins the Allianz Family of Stadiums October 26, 2026 First Olympic and Paralympic venue in history to display the Allianz name and the eighth member of the Allianz Family of Stadiums. The nearly 15,000 seat temporary arena on the Long Beach waterfront will host Olympic Beach Volleyball and Paralympic Blind Football (Soccer). Allianz unveils its customized LA28 Games emblem, marking the start of its preparations for the LA28 Olympic and Paralympic Games.
Revolut founder accused of hatching a ‘scheme’ to avoid fees in superyacht row October 26, 2026 The billionaire founder of Revolut has been accused of hatching a “scheme” to avoid paying brokerage fees in a row over a superyacht said to cost €350m. In new legal filings, seen by City AM, Nik Storonsky is accused by a luxury superyacht broker of “secretly negotiating” to buy the vessel “behind the back” of [...]
The Big Bang transformed the City of London – 40 years on, can it happen again? October 26, 2026 The City of London was changed forever by a sweeping package of deregulation in 1986, known as the Big Bang. Forty years on – and facing existential threats – can the Square Mile reinvent itself again? When Alasdair Haynes left work as a young options trader on Friday 24th October 1986, he didn’t know what [...]
Plus500 finance chief says US listing ‘always on table’ October 26, 2026 The finance boss of Plus500 has said a US listing is “always on the table” as the fintech firm turns to North America for its next phase of growth. Elad Even-Chen, chief financial officer at Plus500, told City AM: “We always keep assessing all the opportunities. It’s our duty as a public company.” “It’s something [...]
Sadiq Khan urges banks to stay in London as tax raid looms October 26, 2026 Sadiq Khan has urged London’s biggest banks to keep investing in the UK, days away from an expected tax raid on the sector. On Monday, the Mayor of London said the City’s banking sector is “really important” but refused to say whether he opposed the tax raid, adding that “those with broader shoulders carry the [...]