City stunned by Nuveen’s £10bn swoop on Schroders February 12, 2026 City analysts were stunned by Thursday morning’s announcement that Schroders has entered into a surprise £9.9bn deal with Nuveen, which holds $1.4 trillion in assets, after speculation of a sale was rebuffed in July. Schroders Group CEO Richard Oldfield squashed rumours that the Schroder family, who control almost half of the company’s shares, were eyeing [...]
Investors shun short-term gains amid market volatility February 12, 2026 UK retail investors are turning away from short term trading in favour of increased portfolio diversification, in a bid to weather ongoing market volatility. Over the past two years investors have become significantly diversified, increasing allocations across all major asset classes, according to the latest retail investor survey from Etoro. In particular, overseas-listed equities saw [...]
Most people have no idea how good AI is – and they’ll be the first to go February 12, 2026 A viral post from an AI investor warns most people have no idea how good AI is, or how quickly it will come for their jobs. Will it come for mine? Maybe. A couple of weeks ago I looked at the essay written by Anthropic’s co-founder in which he expressed his fears that humanity won’t [...]
DIY investment markets swells as more Brits take the plunge February 12, 2026 The UK DIY investment market ballooned by more than £100bn in 2025, as more Brits take the plunge in managing their own assets. The market swelled by 22 per cent last year, reaching £572bn by the end of December, up from the £468bn recorded in 2024, according to the last data from investment research firm [...]
Another blow to Stock Exchange as Schroders snapped up by US rival in shock £10bn deal February 12, 2026 Asset manager Schroders has agreed to a £9.9bn takeover by American investment firm Nuveen, in a deal that would end over two centuries of independence for the UK’s largest standalone asset manager. Under the terms of the agreement, Schroders shareholders will receive 612 pence per share, including a cash consideration of 590 pence and a [...]
GDP: UK faces ‘most dismal decade for growth in 100 years’ February 12, 2026 The UK economy had a minor expansion in the fourth quarter of 2025 coming a touch below expectations as an expected boost from the services sector failed to come to fruition. Fresh figures from the Office for National Statistics (ONS) showed the economy expanded a sluggish 0.1 per cent in three months to December 2025. [...]
FTSE 100 Live: Schroders in £10bn deal; UK economic growth lags February 12, 2026 Good morning and welcome back to the City PM liveblog. It was another record day for the FTSE 100 on Wednesday, which secured its highest close of all time. On a strong day for commodity-related stocks in London, London’s blue-chip index closed 1.14 per cent higher at 10,472p. But it wasn’t all cheery in the [...]
Reform UK’s rise: Will City law firms shift their support? February 12, 2026 Businesses, including law firms, snuggled up to Labour in 2024 but with Reform UK on the agenda, will firms shift their focus before the next election? Unlike in the US, business lobbying of British political parties and the UK government is kept somewhat behind closed doors, but it remains a powerful tool. For professional services, [...]
Am I going to be replaced by AI? February 12, 2026 With each passing day it seems another sector suffers an AI-induced wobble on the stock market. We saw the large data companies lose billions in value when a new legal-focused AI tool was launched; we saw the owners of consumer and personal finance platforms take a hit as AI agents upped their game; and yesterday [...]
Greggs deals help Gerald Ronson’s forecourt business post £100m profit February 11, 2026 The petrol forecourt empire owned by City veteran Gerald Ronson has turned a profit just shy of £100m after an expansion in the firm’s partnership with Greggs. GMR Capital, the parent company behind forecourt firm Rontec, posted pre-tax profit of £98.4m for the year to end September 2025, a jump of 6 per cent compared [...]
