Forbes Billionaires List Hits Record High with 3,428
The number of billionaires has surged to a record 3,428, with Elon Musk retaining the top spot. The list includes notable debuts and significant wealth growth across sectors.
Category : Corporate
Odey Violated Ethical Norms in FCA Hearing Fight, Court Told
Disgraced hedge fund manager Crispin Odey repeatedly violated ethical norms by trying to prevent a disciplinary hearing, the Financial Conduct Authority told a court. Odey is fighting a £1.8m fine and ban.
Edinburgh Worldwide Offers Full Exit to End Saba Standoff
Edinburgh Worldwide Investment Trust proposes tender offer for 100% of shares to resolve 16-month battle with activist investor Saba Capital, allowing cash exit while retaining SpaceX exposure.
VW to Cut 50,000 Jobs Amid Tariffs and Falling Sales
Volkswagen announces massive job cuts as it faces a 54% profit drop, US tariffs, and declining sales in China. The automaker warns geopolitical tensions could further impact demand.
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Capita Shares Tumble 12.5% on Margin Warning and AI Impact
London-based outsourcing giant Capita sees shares tumble 12.5% after CEO warns of declining margins, with a £171m pre-tax loss exacerbated by AI-driven call center slump.
US Real Estate Brokers Guilty of Sex Trafficking in NY
Oren, Alon, and Tal Alexander, prominent luxury real estate brokers, were found guilty of sex trafficking after a trial where over 60 women accused them of rape using drugs and force.
Trump Sons' Golf Firm Merges with Drone Maker Powerus
Eric Trump and Donald Trump Jr's Aureus Greenway Holdings merges with drone manufacturer Powerus to take it public, expanding their investments in the defense tech sector.
Live Nation Settles Antitrust Case, Ticketmaster Opens Platform
Live Nation reaches a surprise settlement with the Justice Department, paying $200 million and requiring Ticketmaster to open its platform to rivals and cap fees.
Odey Threatened Fund Shutdown to Block Board Ouster
Disgraced financier Crispin Odey threatened to 'shut down' his hedge fund if the board tried to remove him, as revealed in FCA court arguments ahead of his Upper Tribunal appeal against a £1.8m fine and industry ban.
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Katie Price's Husband Lee Andrews Accused of Scamming Women
Lee Andrews, husband of Katie Price, faces allegations from ex-girlfriend Alana Percival who claims multiple women have reported being scammed by him, comparing him to the 'Tinder Swindler'.
Lincoln International Hires Kalra for European Tech Push
Lincoln International has appointed a new managing director to strengthen its European technology investment banking team, focusing on growth in the sector.
UBS Hikes Bonuses 10%, Top Staff Get £1.4M Payouts
UBS has raised bonuses by 10% for its top performers, with payouts hitting £1.4 million. This move reflects competitive pressures in London's financial sector.
Crispin Odey Fights FCA Ban in Tribunal Showdown
Millionaire fund manager Crispin Odey challenges his £1.8m fine and industry ban at the Upper Tribunal, amid sexual misconduct allegations he denies.
Ex-Citigroup Dealmaker Lamb Rejoins Barclays as FIG Chair
Former Citigroup dealmaker Simon Lamb has rejoined Barclays as the new chair of its Financial Institutions Group, marking a strategic move for the bank's investment division.
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Recruitment Firm's Third Phoenix Rise Avoids Millions in Tax
A Hampshire-based recruitment business has emerged from insolvency for a third time in four years, highlighting phoenixism practices that cost taxpayers an estimated £800 million annually.
Meghan and Netflix Split Amid Jam Brand Growth Concerns
The Duchess of Sussex's partnership with Netflix has concluded, with reports indicating she wanted to focus on her As ever lifestyle brand independently after her show underperformed.
Ian Arnot: Business Leader and Philanthropist
Ian Arnot, a pioneering business leader known for his innovative strategies and charitable work, has passed away. His legacy spans decades of corporate success and community impact.
BP CEO Meg O'Neill's £11.7m Pay Doubles Predecessor's Salary
Meg O'Neill, BP's incoming CEO, will earn at least £11.7m this year, more than double her predecessor's pay, as she joins from Woodside Energy to lead the 117-year-old oil firm.
Britney Spears Arrested for DUI, Instagram Account Deactivated
Britney Spears was arrested for suspected DUI after erratic driving in California, with her Instagram account deactivated as she faces court proceedings and ongoing investigation.
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Sidley Austin Doubles City Finance Team in 18 Months
Sidley Austin has doubled its City finance team in just 18 months, hiring 10 new partners to strengthen its London operations and compete in the competitive legal market.
Royal London Assets Hit Record £199bn in 2025
Royal London reports record assets under management of £199bn, driven by acquisition, market gains, and strong pension inflows. Operating profit rises 18% to £327m.
Deutsche Bank Dealmaker McBride Exits in UK Departure
Deutsche Bank's dealmaker McBride has departed, marking another high-profile exit from the UK financial sector amid ongoing market challenges and restructuring efforts.
Goldman Sachs Pays £6,300/Hour for Sunak's Advice
Goldman Sachs has reportedly paid former Chancellor Rishi Sunak £6,300 per hour for advisory services, sparking debate over political influence and corporate ethics in London's financial sector.
BNP Paribas Targets UK Corporate Broking Top 10 with Growth
French banking giant BNP Paribas is launching a major expansion of its corporate broking division in the UK, aiming to break into the top 10 rankings. The move signals aggressive growth plans in London's competitive financial sector.
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Evercore Promotions and Citadel Executive Poach Reshape Finance
Evercore announces key promotions in its investment banking division, while Citadel Securities poaches a senior executive, signaling strategic moves in the competitive financial sector.
Inheritance Tax Still Threatens UK Family Businesses
New research reveals most UK family businesses face significant inheritance tax impacts despite government concessions, with industry leaders warning of forced sales and economic damage.
Greensill Fights 12-Year Director Ban in High Court
Lex Greensill's legal team argues the government's disqualification case is unfair and should be dismissed, claiming there cannot be a fair trial over misconduct allegations.
Goldman Sachs UK Wealth Head Joins Deutsche Bank
Goldman Sachs' UK wealth management head, James Proudman, has left the firm to join Deutsche Bank, marking a significant shift in London's financial talent landscape.
Ioan Gruffudd Wins Restraining Order Case Against Ex-Wife
Actor Ioan Gruffudd has successfully renewed a restraining order against ex-wife Alice Evans after a bitter court battle involving allegations of online harassment and child abuse.
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GSK CEO Emma Walmsley's Pay Rose 50% to £15.6m in Final Year
Emma Walmsley's remuneration at GSK surged nearly 50% to £15.6m in her last year as chief executive, driven by share bonuses amid strong company performance.
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