What will the Trump-Putin meeting mean for the global market? August 15, 2025 US President Donald Trump is set to meet with Russian President Vladimir Putin this evening for their first face-to-face meeting in six years. The Ukraine war is set to top the meeting agenda, with the world watching to see if Trump can get his wish to pursue talks on a potential ceasefire and peace deal. [...]
Market ‘overreaction’ damaged LSEG’s valuation, analyst says August 15, 2025 The London Stock Exchange Group (LSEG) has faced a valuation battering after a market “overreaction” to woes in its desktop analytics division, one analyst has said. LSEG has lost £8bn in market valuation so far in the third quarter, as concerns spiked over its Workflows business, which provides software and desktop solutions for financial professionals. [...]
Pay boost for finance chiefs as workload ramps up August 15, 2025 Chief Financial Officers (CFOs) are seeing their salaries soar as companies look to soften the blow of steadily increasing their workload. Nearly 80 per cent of finance chiefs received a rise in compensation in 2024, as their responsibilities continue to grow and intensify, according to exclusive research from financial operations platform, BlackLine. In recent years, [...]
Savills hit by slowdown in sales despite uptick in profits August 14, 2025 Real estate giant Savills recorded a slowdown in sales in the first half of the year as investors digested the implications of tariffs, but recorded strong results. The real estate giant delivered a 6 per cent increase in revenue to £1.1bn in the six months to end June. Underlying profit rose by 10 per cent [...]
PensionBee gathers momentum in the UK and US August 14, 2025 Retirement savings app Pensionbee maintained strong momentum in the first half of the year, expanding its UK reach while laying foundations for US growth. The London-listed fintech reported a revenue jump to £18.9m, up from £15.4m a year earlier. The firm improved its adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) basis to £2.9m. [...]
Demand for passive funds drives assets under management to record highs August 13, 2025 The UK investment management industry reached “record highs” in 2024, boosted by demand for low-cost products and overseas interest in UK assets. Tracker net sales surged for the third consecutive year, as investors increasingly look towards low-cost products and passive investments. In contrast, active sales tumbled, according to the latest report from the Investment Association [...]
City watchdog sacked 12 for misconduct amid crackdown on firms August 13, 2025 The Financial Conduct Authority sacked 12 workers as a result of misconduct allegations, Morning Wire can reveal. Official figures show nearly 40 members of staff were formally disciplined by the City watchdog between 2022 and 2024 due to misconduct. A dozen of these were dismissed from their post with 10 handed a “final written warning”. [...]
Crypto is all that’s propping up London’s miserly capital raising statistics August 13, 2025 After London’s capital markets suffered one of their quietest starts to the year in decades, brokers all had the same words on their lips: second-half. Everything will pick up in the second half, they said. You just wait and see. If the start of the second half is anything to go by, those brokers may [...]
A Rachel Reeves and Andrew Bailey clash risks Britain’s stablecoin dream August 13, 2025 A Rachel Reeves and Bank of England clash risks derailing Britain’s stablecoin dream as the country plays catchup in the over £200bn market. The Chancellor referenced plans to drive forward “developments in blockchain technology including… stablecoin” in her 2025 Mansion House speech. But Reeves faces an obstacle to push her plans in the form of [...]