FTSE 100 news / Companies and sectors / Financial services / 16 October 2026
Financial services: sector news on Friday 16 October 2026
Average tone +1.5 (neutral) across 9 companies with relevant coverage, from 22 stories.
Company by company
| Company | Tone | Stories | What the coverage was about |
|---|---|---|---|
| Pershing Square Holdings | +1.7 | 5 | Coverage was mostly routine, with announcements of earnings and portfolio review dates and a small share purchase. |
| Schroders | +4.5 | 4 | Coverage focused on Schroders' product and talent expansion in Asia, including a planned AI-focused active ETF in Taiwan and a senior wealth advisory appointment. |
| IG Group | −5.7 | 3 | Coverage centred on IG Group cutting its revenue guidance, followed by UBS lowering its price target. |
| London Stock Exchange Group | −1.3 | 3 | Coverage centred on LSEG confirming talks to buy Octus for a reported $3.5bn, following press speculation. |
| M&G | +5.2 | 2 | Coverage focused on M&G's income appeal, with a 6.90 percent yield highlighted and a purchase of 173 Paris homes reported. |
| St. James's Place | +2.8 | 2 | Coverage was light, with the St. |
| 3i | +3.0 | 1 | Coverage was limited to RBC keeping its GBp 2,100 target on 3i Group stock, which is a mildly supportive but unchanged view. |
| Aberdeen Group | −3.3 | 1 | Coverage was thin, with the only substantive story questioning whether an abrdn Asia-Pacific income fund can cover its high dividend yield. |
| Investec | +6.3 | 1 | The only relevant coverage was a report on Investec's adjusted earnings per share guidance of 41.70p to 43.30p. |
| ICG | – | 0 |
Strongest stories in the sector
- −9.2 IG Group Holdings (LSE:IGG) Cuts Revenue Guidance, Is The Valuation Discount Enough?
Company cut revenue guidance; valuation discount questioned. - −7.5 UBS cuts target for IG Group stock from GBp 1,700.00 to GBp 1,425.00 - ad-hoc-news.de
UBS cut price target sharply from 1,700p to 1,425p. - +7.0 IG Group's (IGG) "Buy" Rating Reiterated at Jefferies Financial Group
Jefferies reiterated Buy rating, supportive analyst view. - +7.0 Schroders Plans AI-Focused Active ETF Strategy in Taiwan
Planned AI-focused active ETF in Taiwan shows product expansion. - +6.3 Investec guides adjusted EPS of 41.70p to 43.30p for Investec stock - ad-hoc-news.de
Company earnings guidance given; adjusted EPS range is positive. - +6.3 M&G buys 173 Paris homes. M&G stock offers a 6.90 percent yield - ad-hoc-news.de
M&G buying Paris homes and offering a 6.90 percent yield. - +6.3 Schroders Wealth Management Appoints Alvin Chiam as Head of Wealth Advisory, Asia
Senior wealth advisory hire in Asia supports regional growth. - +6.3 St. James's Place Charitable Foundation reaches £150m landmark - Punchline-Gloucester.com
Company's charitable foundation hits £150m milestone; positive reputation story. - +5.0 Bill Ackman Is Directing Up to $3 Billion Into Howard Hughes' Insurance Arm, Vantage, as Part of His Plan to Build a Modern Berkshire Hathaway. Is HHH Stock the Way to Play His Buffett Ambitions?
Ackman directing capital into Vantage; Pershing Square-linked strategy, mildly positive. - +3.7 FTSE 100 Dividend Watch: What should income investors know about M&G plc (LSE:MNG) before looking at the FTSE 100?
Dividend-focused piece on M&G for income investors; mildly positive. - −3.3 abrdn Asia-Pacific Income Fund VCC (TSX:FAP): 8.33% Dividend Yield Faces a Critical Coverage Test
Aberdeen-branded fund's dividend coverage questioned; mildly negative, minor story. - +3.0 RBC keeps a GBp 2,100.00 target for 3i Group stock - ad-hoc-news.de
Broker RBC maintains price target on 3i; modest supportive signal.
Financial services: every day · FTSE 100 overview for the day