{"id":8759,"date":"2026-02-16T10:10:10","date_gmt":"2026-02-16T10:10:10","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/8759\/"},"modified":"2026-02-16T10:10:10","modified_gmt":"2026-02-16T10:10:10","slug":"zurich-beazley-deal-gets-time-defence-stock-rally","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/8759\/","title":{"rendered":"Zurich, Beazley deal gets time; Defence stock rally"},"content":{"rendered":"

\t\t\tMonday 16 February 2026 6:45 am
\n\t\t\t\t\t\u00a0|\u00a0\u00a0Updated:\u00a0<\/p>\n

\t\t\tMonday 16 February 2026 9:29 am\n\t<\/p>\n

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\"Breaking\t\tWelcome to the City AM FTSE 100 liveblog.\t<\/p>\n

Good morning and welcome back to the City AM liveblog.<\/p>\n

The first round of 2026 tech wobbles<\/a> kicked into action last week and revived fears of an AI bubble.<\/p>\n

When Anthropic released a new AI tool designed to help in-house legal teams triage agreements and draft routine responses,\u00a0the reaction\u00a0trickled down through law firms straight into equity markets.<\/p>\n

In London, Relx fell close to 11 per cent in a single session, wiping billions from its market value. Pearson dropped around four per cent. London Stock Exchange Group and Experian were down over seven per cent. And in Amsterdam, Wolters Kluwer slid almost nine per cent.<\/p>\n

UBS downgraded the US tech sector, citing \u201cpervasive uncertainty in the software industry\u201d, and an expected moderation in infrastructure spend.<\/p>\n

The bank claimed that Microsoft, Alphabet, Amazon, Meta and Oracle could all report capital expenditure of $700bn this year.<\/p>\n

UBS expects capex growth to slow from current levels, \u201cwhich could improve investor perceptions of those doing the spending, but is a potential negative for some companies in the enabling layer\u201d.<\/p>\n

\t\t\t\t\tRead more<\/p>\n

\t\t\tThe first tech wobble of 2026 revives AI bubble fears<\/a><\/p>\n

Earnings season is still expected to show signs of success. According to Bloomberg Intelligence, S&P 500 earnings are expected to rise 8.4 per cent in the fourth quarter, marking a tenth consecutive quarter of year on year growth.<\/p>\n

Whilst the FTSE 100 has managed to curb the dramatic losses seen on Wall Street due its weighting towards commodity-bases stocks, investor sentiment across the globe is still being hit.<\/p>\n

Will 2026 be the year the AI bubble pops?<\/p>\n

We\u2019ll be bringing you the top news and analysis of the morning below.<\/p>\n

And here\u2019s a few of our top headlines from the weekend:<\/p>\n

\t\t\t\t\tRead more<\/p>\n

\t\t\tLSEG, Sage, Rightmove shares fall as Anthropic AI rattles markets<\/a><\/p>\n

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\t\t\tPeople & Organisations\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Monday 16 February 2026 6:45 am \u00a0|\u00a0\u00a0Updated:\u00a0 Monday 16 February 2026 9:29 am Share Facebook Share on Facebook…\n","protected":false},"author":2,"featured_media":8760,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[6],"tags":[2252,6966,6967,6968,6969,6970,6971,6972,6973,6974,6975,114,1552,2742,6976,6977,2062,6978,6979,6980,6981,6982,6983,6984,6985,6986,6987,6988,6989,6990,6991,6992,2072,231,6993,1202,6994,3825,6995,6996,6997,51],"class_list":["post-8759","post","type-post","status-publish","format-standard","has-post-thumbnail","category-zurich","tag-ai","tag-ai-action-plan","tag-ai-adoption","tag-ai-ads","tag-ai-bill","tag-ai-boom","tag-ai-borrowing","tag-ai-bubble","tag-ai-chief","tag-artifical-intelligence","tag-artificial-inteligence","tag-business","tag-capital-markets","tag-economics","tag-financial-markets","tag-ftse","tag-ftse-100","tag-ftse-150","tag-ftse-250","tag-ftse-350","tag-ftse-aim","tag-ftse-all-share","tag-ftse-fledgling","tag-ftse-shares","tag-ftse-small-cap","tag-ftse-stocks","tag-ftse-trading","tag-ftse-update","tag-ftse100","tag-ftse250","tag-labour","tag-labour-party","tag-london-stock-exchange","tag-markets","tag-markets-live","tag-news","tag-rachel-reeves","tag-tech","tag-tech-boom","tag-uk-economy","tag-uk-government","tag-zurich"],"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/8759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=8759"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/8759\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/8760"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=8759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=8759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=8759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}