UK Markets Brace for Labour Civil War Over Leadership
UK stocks and bonds face turmoil as Labour leadership challenge looms. Wes Streeting expected to resign and bid to oust Starmer, while Middle East conflict pressures oil supply.
Category : Corporate
EY’s John Owen Named Next CEO of Investment Association
The Investment Association has chosen John Owen, a partner at EY, as its next chief executive, succeeding Chris Cummings. Owen will lead the trade body representing UK asset managers.
CGT and Negative Gearing Benefit Top 1%
New data shows over half of capital gains tax concessions go to the top 1% of earners, highlighting inequality in housing tax breaks.
Kyle Diamantas Named Acting FDA Commissioner
Kyle Diamantas, a former corporate lawyer and FDA deputy commissioner for food, takes over as acting FDA commissioner after Marty Makary's resignation.
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Clifford Chance Cashes In on AI Data Centre Boom
Law firm Clifford Chance is capitalising on the surge in AI-driven data centre demand, advising on major projects and seeing significant revenue growth.
Babcock Buyback and Avon Tech Orders Highlight Defence Growth
Babcock announces £200bn buyback amid revenue rise; Avon Technologies reports surge in orders as geopolitical tensions boost defence sector.
Intertek Set to Accept £10bn EQT Offer
Intertek is poised to accept a £10bn offer from Swedish private equity firm EQT, marking a significant loss for the London Stock Exchange after months of negotiations.
JPMorgan Promotes European Dealmaker to Lead IB
JPMorgan elevates Dorothee Blessing to global co-head of investment banking, alongside Kevin Foley and Jared Kaye, in a senior leadership reshuffle.
AI's Big Problem: It's Trained to 'Please You'
Anthony Goonetilleke, CTO at Amdocs, warns that AI's tendency to please users poses a bigger risk than hallucinations, as businesses struggle to achieve ROI from generative AI.
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Citigroup Expands Dealmaking Team with Three Hires
Citigroup has bolstered its financial dealmaking team by appointing three senior bankers, aiming to strengthen its advisory capabilities in mergers and acquisitions.
AI in Banking: Marketing Hype or Genuine Transformation?
Banks rush into AI driven by FOMO, but insiders admit it's a marketing game. A Copenhagen conference reveals the gap between hype and real solutions.
GameStop's $55.5bn eBay Bid Rejected as Not Credible
GameStop's audacious $55.5bn bid for eBay is rejected as 'neither credible nor attractive'. The meme stock company's move faces skepticism from eBay's board and market analysts.
Donor Pays Off Senior Loans for NC State Textile Grads
Anil Kochhar, an Indian American entrepreneur, announced he will cover senior-year student loan debts for NC State's Wilson College of Textiles 2026 graduating class, a gift honoring his late father.
JP Morgan May Scrap £3bn London HQ Over Bank Hostility
Jamie Dimon warns JP Morgan could scrap its £3bn Canary Wharf HQ if a future Labour leader targets banks, citing $10bn in extra taxes as unfair.
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Citigroup Hires Deutsche Bank's Ord to Lead UK M&A
Citigroup has appointed Deutsche Bank's James Ord as head of UK M&A, signaling a strategic push to strengthen its advisory business in London.
GameStop's $55.5bn eBay Bid Rejected as Unattractive
eBay's board rejects GameStop's $55.5bn takeover bid, citing financing uncertainty and operational risks. GameStop shares fell over 12% after the offer.
Gordon Brown on Global Instability and Civic Renewal
Former PM Gordon Brown joins the Guardian to explore connections between global instability and civic decline, offering a hopeful roadmap for a more equitable world. Book tickets for in-person or livestream.
Ne-Yo: Polyamory Costs Him Work, Critics 'Mad'
Ne-Yo claims his polyamorous lifestyle has cost him job opportunities, saying the 'world is mad' about his multiple girlfriends and urging open-mindedness.
Ebay Rejects Gamestop's $56bn Bid as Not Credible
Ebay has rejected Gamestop's $56bn acquisition proposal, calling it not credible nor attractive. The board cited governance concerns and financing uncertainty.
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Peltz Son Calls on Intertek to Accept £10bn EQT Bid
Matt Peltz, son of billionaire activist Nelson Peltz, urges Intertek to accept EQT's £10bn offer as shareholders clash over the board's refusal to sell.
Investec Shuts GP Advisory Unit After Less Than Three Years
Investec has closed its general partner advisory unit, which was launched less than three years ago, citing strategic review and market conditions.
Vodafone Pins Turnaround Hopes on UK After Three Deal
Vodafone reports better-than-expected annual revenue of €40.4bn, betting on UK growth after buying out CK Hutchison's stake in VodafoneThree.
HNWIs Challenge Private Equity in Sports Investment
Private equity has long dominated sports investment, but high-net-worth individuals and family offices are increasingly entering the market, driven by new opportunities and patient capital.
Terry Smith Sells Unilever Stake Over McCormick Merger
Star stockpicker Terry Smith sold Fundsmith's Unilever stake worth hundreds of millions, criticizing the McCormick merger as activist-driven and abandoning operational focus.
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Grant Thornton Partner Pay Flat After Cinven Deal
Grant Thornton holds partner pay unchanged after Cinven investment, focusing on long-term growth and stability.
Cambridge Business School Seeks Saudi Defence Deal
Cambridge University's Judge Business School proposes a memorandum of understanding with Saudi Arabia's defence ministry, sparking alarm over human rights and academic freedom.
Senate to Confirm Kevin Warsh as Fed Chair
The US Senate is expected to confirm Kevin Warsh as Federal Reserve chair this week, succeeding Jerome Powell amid Trump's push to influence the central bank.
E.ON to Buy Ovo, Creating UK's Biggest Energy Supplier
German energy giant E.ON agrees to acquire struggling UK rival Ovo, creating Britain's largest supplier serving 9.6 million households, pending regulatory approval.
Burges Salmon Rolls Out Firm-Wide Legal AI Partnership
Burges Salmon expands partnership with legal tech startup Wexler firm-wide, aiding litigation by handling complex document tasks and reducing AI hallucinations.
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Goldman Sachs London Bump Amid Brexit Uncertainty
Goldman Sachs reports a surprise increase in London office attendance, signaling a shift in post-pandemic work patterns and confidence in the City's future.
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