The London Stock Exchange is shrinking – but Julia Hoggett is still an optimist Markets The London Stock Exchange’s two flagship indexes are trading near all-time highs. But beneath the surface, it has been another testing year for the capital’s bourse. Boss Dame Julia Hoggett tells Ali Lyon what she is doing to disprove the doomsters. In the cavernous foyer of London’s historic stock exchange, a giant cube is flashing [...]
Cavendish taps top adviser to fend off foreign takeover interest Advisory Cavendish has drafted in advisers from a top corporate consultancy to help it fend off low-ball takeover bids amid a wave of consolidation in Britain’s financial services sector. Top brass at the boutique investment bank enlisted the help of specialists at Teneo last year, City AM can reveal, who conducted a valuation exercise to “support [...]
Schroders profits surge as assets hit record £868bn Investing Schroders said its profit nearly doubled in the first half of the year as assets under management hit a record high of £868bn. The FTSE 100 money manager, which is in the process of being acquired by US funds group Nuveen, said assets under management (AUM) jumped 12 per cent to £867.8bn, up from £776.6bn [...]
As it happened: FTSE 100 hits new high after interest rates held July 30, 2026 Welcome back to the City AM liveblog. The Bank of England has held interest rates at 3.75 per cent in a 6-3 split. The City had pencilled in a hawkish hold from the Monetary Policy Committee after inflationary pressures were renewed on the latest round of strikes in the Middle East. Megan Greene, Catherine Mann and [...]
Finsbury lines up Games Workshop splurge using merger windfall July 15, 2026 Nick Train’s Finsbury Income and Growth fund is preparing to launch a spending spree on Games Workshop shares after pocketing a windfall from a string of acquisitions in its portfolio. The FTSE 250 investment trust – which can trace its roots back over a century – unveiled plans to use both debt and returns from [...]
Takeovers aren’t the reason the London Stock Exchange is shrinking July 8, 2026 Takeovers like Schroders and Tate & Lyle grab the headlines but the far bigger problem for London is that there aren’t enough good companies arriving to replace them, says Henrik Persson There is a familiar account of London’s stock market malaise. UK listed companies are cheap and deeper-pocketed overseas buyers have noticed. Each new approach [...]
Schroders sells financial planning arm as it accelerates high net-worth shift July 6, 2026 Schroders has agreed to sell its advice business Benchmark Capital to Swedish wealth firm Soderberg & Partners as it accelerates a shift toward wealth management and high net-worth clients. Under the terms of the deal, Schroders will become a long-term asset manager to Soderberg & Partners and exit direct ownership of the financial planning business. [...]
‘Sh*tloads to come’: London takeover spree set to accelerate June 29, 2026 At a gathering of some of London’s top bankers in the City of London last week, the mood was one of uncertainty. On the one hand, London’s dealmakers are not in want of work. In the past two weeks alone Easyjet has opened the door to an approach from American private equity firm Castlelake, Ramsdens [...]
City chiefs issue rallying cry to counter ‘disinformation’ about London’s decline June 3, 2026 A group of influential City chiefs have thrown their weight behind an industry-wide campaign to tackle “disinformation about London” and promote the capital as an innovative hub for global investment. All four of the financial sector’s largest industry bodies have signed up to Team UK, a new initiative spearheaded by the Lady Mayor of London, [...]
City sounds alarm on £40bn foreign M&A offensive targeting ‘cheap’ UK firms May 15, 2026 A group of City grandees has sounded the alarm on the wave of foreign firms picking off rivals from London’s stock market, after a flurry of unsolicited offers took the combined value of UK companies poised to leave Britain’s ailing bourse to £43bn. Some 22 listed companies have already accepted or received bids that would [...]