FTSE 100 news / Companies and sectors / Financial services / 2 October 2026
Financial services: sector news on Friday 2 October 2026
Average tone +0.7 (neutral) across 9 companies with relevant coverage, from 68 stories.
Company by company
| Company | Tone | Stories | What the coverage was about |
|---|---|---|---|
| Schroders | +2.8 | 34 | Coverage was dominated by Nuveen completing its takeover of Schroders, creating a $2.6 trillion asset manager, with leadership roles and a 12-to-18-month integration plan confirmed. |
| London Stock Exchange Group | +6.8 | 9 | Coverage centred on the appointment of Amit Zavery, a ServiceNow executive, as a non-executive director from 1 December, with one report linking it to AI-led growth. |
| IG Group | −8.3 | 6 | Coverage centred on IG's Q3 trading update, which pointed to a 14% fall in revenue and weaker OTC retention. |
| St. James's Place | −4.7 | 5 | Coverage was mostly routine share and executive sharesave administration, but the headline that stood out was the shares reaching a new 12-month low. |
| Investec | +0.7 | 4 | Coverage mixed a small share price fall alongside interim earnings guidance with Investec promoting its role in the Rosebank IPO and a routine preference share repurchase. |
| Pershing Square Holdings | +0.7 | 4 | Coverage centred on Bill Ackman's portfolio moves, including buying Netflix again and selling Alphabet for another AI-related stock, alongside his comments on AI disruption risk. |
| Aberdeen Group | −2.3 | 3 | Coverage centred on the abrdn Asia-Pacific Income Fund trading at a discount that exceeds the threshold under its conditional redemption policy, with a possible full redemption mentioned. |
| M&G | +2.3 | 2 | Coverage was mainly an appointment for M&G Investments under the Monetary Authority of Singapore's Equity Market Development Programme, which is positive. |
| ICG | +8.7 | 1 | Coverage centred on Deutsche Bank including ICG among its top UK share picks, which reflects well on the company. |
| 3i | – | 0 |
Strongest stories in the sector
- −10.0 IG Group expects Q3 revenue to fall 14% as OTC retention weakens
Q3 revenue expected down 14% with weaker OTC retention. - −9.5 IG Group forecasts Q3 2026 revenues of £240M, down 14% Y/Y
Forecast Q3 revenue of £240M, down 14% year on year. - +9.2 UK shares Entain, BAT, ICG and Coca-Cola HBC make Deutsche Bank’s top picks
Deutsche Bank names ICG among its top UK picks, a positive endorsement. - +9.2 London Stock Exchange Group Plc : Goldman Sachs reiterates its Buy rating
Goldman Sachs reiterates Buy rating - −9.2 St. James's Place (LON:STJ) Reaches New 12-Month Low - What's Next?
Shares hit new 12-month low, showing weak market sentiment. - +8.7 LSEG appoints tech veteran Amit Zavery to board to bolster AI-led growth
Tech veteran joins board to bolster AI-led growth - +7.5 Supporting Rosebank from IPO to over £3bn raised
Investec highlights role in Rosebank IPO and over £3bn raised. - −7.0 REG - IG Group Hldgs plc - Q3 trading update
Q3 trading update, with revenue decline reported. - +7.0 M&G : Investments appointed under Monetary Authority of Singapore’s Equity Market Development Programme
M&G Investments won a Singapore equity programme appointment, a modest business win. - −6.7 IG Group plans job cuts. IG Group stock loses 2.13 percent
Planned job cuts and shares down 2.13%. - +6.7 London Stock Exchange Group plc Announces Appointment of Amit Zavery as Non-Executive Director, Risk Committee Member, Remuneration Committee Member and Nomination Committee Member, Effective December 1, 2026
New non-executive director appointed to board and committees - +6.7 LSEG appoints ServiceNow executive to board
ServiceNow executive joins board
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