Apex Group to act as intermediary for London Stock Exchange’s Pisces market December 4, 2025 The London Stock Exchange’s Pisces market has taken another step forward with financial services provider Apex Group securing a position as the trading venues intermediary. The group will act as the index’s registered auction agent (RAA) meaning it is responsible for ensuring all companies who wish to list are compliant with Pisces rules before becoming [...]
Smiths Group strikes deal to offload detection business for £2bn December 3, 2025 London listed Smiths Group is set to offload another of its businesses, as it works to streamline its operations after bowing to increasing investor pressure. The FTSE 100 company has agreed to sell its Smiths Detection division to private equity firm CVC Capital Partners in a £2bn deal. The business manufactures threat detection technology, including [...]
JP Jenkins allows investment firm to take advantage of Pisces licence December 2, 2025 The new Pisces market today took a step closer to coming to fruition after prospective operator JP Jenkins unveiled a new partnership with Belfast based investment firm Sapphire Capital Partners, allowing it to take advantage of the trading venue. The online securities venue secured its licence from the Financial Conduct Authority in November, after London [...]
FTSE 100 Live: OBR chiefs face MP grilling; Food inflation slows December 2, 2025 Good morning and welcome back to the CityAM liveblog. The Office for Budget Responsibility (OBR) admitted its “worst failure in the 15-year history” of the fiscal watchdog on Monday. This morning, from 10am, two of its remaining spokespeople will be facing a grilling from the Treasury select committee of MPs. The sensational leak of [...]
FTSE 100 Live: Starmer denies Budget ‘misleading’ as Reeves on brink December 1, 2025 Good morning and welcome back to the CityAM liveblog. It was quite the Budget week to end November and for many more questions were created than answered. Whilst Labour might’ve hoped it would be be their rallying moment – with the lifting of the two-child benefit cap and doubling of the Chancellor’s fiscal buffer [...]
Revolut in new spat with regulators over Storonsky’s residency December 1, 2025 Revolut has been caught in a fresh row with UK watchdogs following the chief executive of the fintech juggernaut shifting his residency to the United Arab Emirates. Nik Storonsky, the boss of the London-headquartered digital bank, sparked waves of conversation after Companies House filings in October revealed the fintech chief had ditch his main residency [...]
Autumn Budget: Investor confidence crisis ‘remains live’ December 1, 2025 The likelihood of an investor confidence crisis in UK assets after last week’s Autumn Budget “remains live” and markets will “gradually lose faith” in the government’s fiscal plans despite the initial reaction being largely positive, an economics consultancy has said. A fresh analysis published by Oxford Economics said the government’s frontloaded spending and backloaded tax [...]
FTSE 100 Live: London house prices fall amid Budget jitters November 28, 2025 Welcome back to the CityAM liveblog. Markets were still digesting the twist, turns and taxes of the Autumn Budget on Thursday, with ministers taking to the media to defend the £26bn cash raid. A number of businesses began weighing in, including Britain’s bookies, which were in the firing line when Reeves took to the [...]
How will the Budget impact your personal finances? November 27, 2025 It’s the day after Rachel Reeves’ crunch Budget, and while the Office of Budget Responsibility leak may be the main talking point, after months of speculation we finally know how personal finances will be impacted. As expected, Reeves extended income tax freezes and introduced a range of smaller taxes, in moves that are expected to [...]
Banks to pay ombudsman more as Treasury crackdown costs £8m November 27, 2025 Banks will pay more to the Financial Ombudsman Service in the next year as the body strums up cash for its bill to meet the Treasury’s clampdown. Financial services will pay the FOS £86m in the 2026/27 financial year – an increase of £16m – under new proposals, which aim to beef up the Compulsory [...]