AI minister updates guidance after ‘don’t thank ChatGPT’ advice to civil servants October 1, 2026 Britain’s AI minister has ordered changes to government guidance that urged civil servants to limit their use of AI, saying it failed to reflect ministers’ ambitions to ramp up adoption across Whitehall. Kanishka Narayan said guidance published last week had now been updated after it advised government workers to use AI only when necessary, choose [...]
Everton owners The Friedkin Group part of £850m mega stadium redevelopment October 1, 2026 Owners of Premier League club Everton, The Friedkin Group, are spending around £850m on a major new stadium that is set to host matches at the 2032 Euros. The Friedkin Group, who purchased Everton in 2024 from Farhad Moshiri, will pump around £500m into a new 60,000-capacity capital city stadium with additional funds for urban [...]
Burnham’s ‘costly’ policy agenda sparks investor nerves October 1, 2026 Andy Burnham’s “costly” policy agenda and the resurgent threat of inflation are weighing on investors’ appetite for the UK, according to a closely-watched survey of top money managers, which also revealed waning hopes of a rebound in London’s IPO market this year. Berenberg’s Investor Barometer, which polled 300 international investors managing a combined $1 trillion, [...]
Dispatch: Discos and despair at the Labour Party Conference October 1, 2026 Labour conference parties, the Guinness revolution and the triple lock kibosh; catch up on the latest gossip in The Capitalist.
Billionaire Weston family closes in on £7bn Boots takeover October 1, 2026 The Canada arm of the billionaire family behind Primark is inching towards another deal, as it closes in on a £7bn takeover of Boots from its private equity owners. The Westons are in advanced talks to buy the UK pharmacy chain from Sycamore Partners, ending hopes of a potential London IPO. Discussions are ongoing, a [...]
MSG Sport to spin New York Knicks and Rangers into NYSE-listed firms October 1, 2026 Directors at Madison Square Garden Sports Corp have approved plans to spin off the organisation’s New York Rangers and New York Knicks franchises into separate public firms. The move will make the NBA-winning New York Knicks the first publicly traded basketball team in nearly a quarter of a century. The New York Knicks NBA spin-off [...]
Global bond sell-off: Headache for Healey as gilt yields top six per cent October 1, 2026 The yield that the UK government pays on its 30-year government bond rose above six per cent for the first time in this millennium, putting Chancellor John Healey in a collision course with markets. Long-term gilt yields, which determine the size of UK government borrowing costs, skimmed 6.04 per cent in the early hours of [...]
Airtel Money set for £5.3bn valuation in London’s biggest IPO in years October 1, 2026 Airtel Money is set to float at a valuation of £5.3bn in what would be one of the biggest listings on the London Stock Exchange in recent years. The fintech arm of the telecommunications giant Airtel Africa said its investors would sell 270m shares at a price of £1.96 per share in the offer, which [...]
UK house prices fall at fastest rate since May as mortgage rates weigh on demand October 1, 2026 UK house prices fell at their fastest pace since May as expensive mortgages and uncertainty ahead of the Autumn Budget fuelled caution among buyers. Prices fell 0.2 per cent during September, faster than economists had expected and reversing August’s 0.2 per cent increase, according to data from Nationwide. The average UK home was valued at [...]
Nubank says it is not pursuing Monzo takeover after shares plunge October 1, 2026 Brazilian fintech Nubank has said it is not in active takeover talks with digital bank Monzo after shares in the firm plunged on speculation of a deal. The Latin American giant issued a statement on Wednesday night saying while it does not generally comment on specific transactions, it was “not pursuing a transaction” with the [...]