Jupiter profit jumps as fund house stays disciplined on costs
Jupiter Fund Management reported a 24% rise in first-half profit, driven by cost discipline and market recovery, despite net outflows of £1.1 billion.
Category : Corporate
Segro board backs £14bn Prologis takeover in U-turn
Segro's board unanimously recommends accepting Prologis's £14bn 'best and final offer', marking a major foreign takeover of a UK-listed company.
Segro takeover by Prologis another blow to London market
FTSE 100 warehouse landlord Segro capitulated to a £14bn hostile takeover by US giant Prologis, marking the biggest Footsie takeover this year and further hollowing out the UK stock market.
Steve Davison, trade union leader, dies at 71
Steve Davison, chair of Amicus executive council and key figure in creating Workers Uniting and Unite, has died aged 71. He also taught at Bradford's Trade Union Studies Centre.
Rogers joins Chelsea for £117m on seven-year deal
Morgan Rogers has completed a £117m move to Chelsea from Aston Villa, signing a seven-year contract. The chance to work with Xabi Alonso was key in his decision.
Hegseth: Iran war cost $37.5bn, seeks $88bn more
Defense Secretary Pete Hegseth told the Senate the US-Israel war on Iran cost $37.5bn so far, requesting $88bn more, as lawmakers question the conflict's cost and strategy.
Lloyd's ex-boss breached compliance over close relationship
Lloyd's of London found former CEO John Neal breached compliance rules by failing to disclose a close relationship with a colleague, creating a perceived conflict of interest.
Labor Faces Internal Push for 25% Gas Export Tax
ALP members push for a 25% tax on gas exports to raise $17bn annually, enough to fund dental in Medicare or free childcare, as current PRRT fails.
Magic Circle Results: Four Key Takeaways
The Magic Circle law firms reported mixed financial results this week, with revenue growth but profit declines, highlighting market challenges and strategic shifts.
Clifford Chance Boss: Partner Exits Won't Slow Growth
Clifford Chance's managing partner says recent partner departures will not hinder the firm's growth strategy, citing strong recruitment and pipeline.
JPMorgan hires UBS veteran Carnegie-Brown for consumer coverage
JPMorgan has hired UBS veteran David Carnegie-Brown to strengthen its consumer investment banking coverage, according to an internal memo.
Ex-Citadel Fund Seeks $250M Fresh Capital
A hedge fund founded by former Citadel managers is seeking $250 million in fresh capital, according to sources familiar with the fundraising effort.
Citigroup Hires Five Dealmakers in Tech Push
Citigroup has hired five senior dealmakers to expand its technology, media, and telecom investment banking team, signaling a strategic push into the tech sector.
Bridgepoint Eyes Carlyle's Anthesis Acquisition
Bridgepoint is in exclusive talks to acquire Anthesis, a sustainability consultancy owned by Carlyle, in a deal valuing the firm at over £1 billion.
AI fears push tech workers to unionize, breaking Silicon Valley's anti-union culture
Tech workers are increasingly unionizing as AI drives layoffs, surveillance, and workload increases. Union actions at Alphabet doubled in 2025, signaling a shift away from Silicon Valley's anti-union culture.
Amazon tactics allegedly hiked prices across internet
Internal emails and interviews reveal Amazon pressured suppliers to raise prices on rival sites like Walmart, leading to price hikes of up to 200% on some products. California AG alleges price-fixing; Amazon denies.
Liverpool owner in talks to sell stake to Mittal group
Fenway Sports Group is in negotiations to sell a minority stake to a consortium led by Amit Bhatia and backed by Lakshmi Mittal, valuing Liverpool at £4.5bn.
Max Reinhardt Joins Canopus Group
Max Reinhardt, former CEO of Dubai Holding, joins James Hogan's Canopus Group as a senior advisor to expand aviation and hospitality investments globally.
Travers Smith staff get £100k pay rise as profit rebounds
Travers Smith has awarded staff a £100,000 pay rise after profit per equity partner rebounded strongly, with revenue rising 8% and PEP up 12% to £1.2 million.
ST Telemedia Sustainable Growth 2025
ST Telemedia reports strong sustainable growth in 2025, driven by digital infrastructure and green energy investments, according to latest financial results.
Oak Hill Advisors Europe Co-Head Relocates to Dubai
Oak Hill Advisors is relocating its Europe co-head to Dubai, expanding its presence in the Middle East as part of a strategic growth plan.
UBS Names New Financial Sponsors Leaders in Europe
UBS has appointed new leaders for its financial sponsors coverage in Europe, aiming to strengthen relationships with private equity and venture capital firms.
Julius Baer's Risk Framework Weighs on Wealth Giant
Julius Baer's net profit fell 25% in 2023 as its new risk framework and loan impairments hit earnings, though assets under management grew.
Amundi CEO Eyes Asia Growth After SBI Funds IPO
Amundi CEO Yves Perrier says the firm will pursue further expansion in Asia after the successful IPO of its Indian joint venture SBI Funds Management, which raised $1.2 billion.
Linklaters halves lateral hires; partners get £2.5m
Linklaters cut lateral partner hires by 50% in 2023-24, while average profit per equity partner rose to a record £2.5 million, according to the firm's latest financial results.
Bezos, UK invest £330m in AI startup CuspAI
Jeff Bezos and the UK government have invested in CuspAI, a £2bn British AI startup aiming to become a 'search engine for rare materials' to accelerate tech breakthroughs.
Mishcon de Reya Loses Four Partners to Seyfarth Shaw
Mishcon de Reya has lost four partners to US-based Seyfarth Shaw, including real estate and corporate experts, as the US firm expands in London.
RavenPack Raises $10M for AI Content Tokenisation
RavenPack raises $10 million to tokenise AI-generated content on BigDataCom, enabling data monetisation and copyright protection via blockchain.
Nuveen-Schroders deal sets UK M&A record
Nuveen's acquisition of Schroders pushes UK deal values to a new record of £104bn in 2024, according to data provider Dealogic.
BlackRock MD Karim Chedid Hid True Self on Trading Floor
BlackRock managing director Karim Chedid reveals he concealed his identity while working on a bank trading floor, highlighting challenges of diversity in finance.
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