Musk’s mega merger raises stakes for SpaceX IPO February 4, 2026 Musk’s decision to absorb xAI into SpaceX may strengthen its growth narrative ahead of a mooted IPO. Or, it could add a trifecta of complexity, regulatory exposure and executive risk at a particularly sensitive moment. The all-stock deal values the combined group at around $1.25 trillion (£910bn), making it the world’s most valuable private company [...]
Watchdog warns on ‘fire sale dynamics’ risk in repo market February 4, 2026 The global financial watchdog has urged regulators to cast a closer eye over the ways in which leveraged trades in the short-term repo market could amplify financial stability risks worldwide. Regulators at the Financial Stability Board (FSB) are particularly concerned that leveraged investors might be forced to dump their assets in the event of a [...]
Quality over quantity: UK M&A volume slips but deal value climbs February 4, 2026 UK merger and acquisition deal value increased last year despite a fall in volumes as investors turned their focus to acquiring fewer, higher-quality assets. The total number of UK deals fell 12 per cent year on year to 2,991, down from 3,411 in 2024, according to the latest industry trends data from PwC. But overall [...]
Team GB bid for Winter Olympics history hit by skeleton helmet row February 4, 2026 Team GB have become embroiled in a kit row on the eve of the Winter Olympics after their world-leading skeleton squad’s safety helmets were deemed to be non-compliant. The British Bobsleigh and Skeleton Association (BBSA) has lodged an urgent appeal with the Court of Arbitration for Sport against a decision made by world governing body [...]
Payments watchdog won’t be abolished ‘any earlier than 2027’ February 4, 2026 The boss of the payments watchdog has said he doesn’t expect the regulator to be officially abolished any earlier than the first quarter of 2027 as criticism grows over the slow progress of reforms in the sector. David Geale, managing director at the Payment Systems Regulator (PSR), said he had “not seen the outcome” of [...]
ITV in-game Six Nations ads will keep sport free-to-air, experts say February 4, 2026 ITV’s introduction of advertising during matches at the Six Nations is a sign of things to come but will keep more sport on free-to-air television, say experts. Starting tomorrow, the broadcaster will show split-screen adverts during pauses in play at this year’s competition, such as when scrums are being reset. It has led to concerns [...]
Barclays and Natwest set for bidding war in race to beef up wealth arms February 4, 2026 Barclays and Natwest are set for a bidding war as the banks prepare to make their play to snap up Evelyn Partners amid the race to beef up wealth management arms. The blue-chip lenders are both gearing up to table offers of over £2bn for the London-based wealth manager. A successful takeover would help enhance [...]
Service sector sees longest run of job losses in 16 years February 4, 2026 A new survey suggests that the UK service sector has endured its longest sustained period of job losses in 16 years, despite rising business activity at the start of the year. Employment in the service sector has decreased in each month since October 2024, according to S&P’s purchasing managers’ index (PMI), with the pace of [...]
Broncos owner Lockyer: Being on BBC means we’re a club of topic February 4, 2026 The rebirth of London Broncos will take its next step this weekend when their match against Super League club Bradford Bulls is shown on the BBC. The Challenge Cup is seen as a target for the only major rugby league club south of Warrington, who last year were purchased by NRL rugby league legend Darren [...]
Starmer admits he knew of Mandelson’s enduring links with Epstein – but appointed him ambassador anyway February 4, 2026 Sir Keir Starmer has admitted that he knew Peter Mandelson continued a relationship with Jefrrey Epstein after his first conviction before appointing the Labour grandee as UK ambassador to the US. During Prime Minister’s Questions, Starmer said he was aware that Mandelson maintained relations with Epstein after he pleaded guilty for soliciting prostitution of minors [...]