FTSE 100 news / Companies and sectors / Financial services / 14 October 2026
Financial services: sector news on Wednesday 14 October 2026
Average tone +0.4 (neutral) across 8 companies with relevant coverage, from 80 stories.
Company by company
| Company | Tone | Stories | What the coverage was about |
|---|---|---|---|
| London Stock Exchange Group | −3.2 | 38 | Coverage was dominated by LSEG confirming talks to buy Octus from Permira for about $3.5bn, with shares closing lower and slumping among FTSE 100 movers. |
| Pershing Square Holdings | −10.0 | 21 | Coverage was dominated by a BofA Securities downgrade to Underperform with the price target cut to $38 from $54, following a second downgrade in two days. |
| Investec | +6.3 | 6 | Coverage centred on IG Prime partnering with Investec to offer a white-label trading platform in South Africa, which reads as a positive business development. |
| M&G | +4.3 | 5 | Coverage was mainly about M&G launching its first Long-Term Asset Fund, funded by its With Profits fund, alongside a charity collaboration and fund manager commentary. |
| Schroders | +1.2 | 5 | Coverage was mixed, with a non-executive director leaving the Schroders board following an acquisition by Pantheon. |
| IG Group | +6.7 | 3 | Coverage centred on a new deal for Investec to offer IG's trading platform in South Africa under its own brand, plus a Buy rating from Jefferies. |
| Aberdeen Group | −4.2 | 1 | The only relevant coverage reported that Aberdeen Group's shares slid on Tuesday and underperformed the market. |
| St. James's Place | +2.0 | 1 | Coverage was limited to a profile piece on Justin Onuekwusi, which reflects mildly well on the firm. |
| 3i | – | 0 | |
| ICG | – | 0 |
Strongest stories in the sector
- −10.0 Pershing Square Sinks 12% on Second Downgrade in Two Days as BofA Cuts Target to $38
Shares sink 12% on second downgrade in two days. - −10.0 Pershing Square Ord Shs Stock (PS) Moved Down by 12.27% on Oct 13: A Full Analysis
Stock down 12.27% in the day. - −10.0 BofA Securities Downgrades Pershing Square to Underperform From Neutral, Adjusts Price Target to $38 From $54
Downgrade to Underperform, target cut to $38 from $54. - −10.0 Pershing Square downgraded to Sell equivalent at BofA Securities
Downgraded to sell equivalent at BofA. - −10.0 Pershing Square Shares Fall After BofA Securities Downgrade
Shares fall after BofA downgrade. - −10.0 BofA downgrades Pershing Square stock rating on underperformance
BofA downgrade citing underperformance. - −10.0 Why Did Pershing Square (NYSE:PS) Drop 10.8% to USD 48.35?
Shares dropped 10.8%. - −10.0 BofA Securities Downgrades Pershing Square Inc (PS) to Underperform
BofA downgrades to Underperform. - −10.0 PS Downgraded by B of A Securities -- Price Target Lowered to $3
BofA downgrade with lowered price target. - −10.0 Pershing Square Slumps As BofA Slashes Outlook
Shares slump as BofA slashes outlook. - −10.0 Pershing Square Inc. downgraded to Underperform from Neutral at BofA
Downgraded to Underperform from Neutral. - +9.7 Investec to Offer IG’s Trading Platform in South Africa Under Its Own Brand
Investec to offer IG's platform in South Africa, a new distribution deal.
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