Technology, data and infrastructure the new frontier for sport investment Sport Business Technology, data and infrastructure are going to be at the forefront of sports investment as money moves beyond simply buying teams, according to new analysis. It could help the global sports market grow by nearly 45 per cent at the end of the decade, according to Investec, from $417bn last year to upwards of $600bn [...]
Chrysalis sells off Klarna stake for £34m after stock plunge Fintech Chrysalis Investments has sold off its remaining stake in buy now, pay later firm Klarna following a bruising plunge in the fintech’s value over the last year. The British investment trust said on Monday it had offloaded its remaining holdings in the Swedish company for £34m, which followed on from a £6m sale in July. [...]
Bentley’s debut EV drives £1bn motoring investment surge in a week Motoring Britain’s automotive industry is set to get an extra £350m of investment as Bentley drives new funding into its headquarters in Crewe to build its first fully electronic vehicle, marking the third major boost in a week for the sector. The announcement takes the total figure of fresh investment into the UK’s automotive industry in [...]
Legal & General to cut 1,000 jobs by middle of 2027 September 23, 2026 Legal and General plans to cut 1,000 jobs by the middle of next year as part of a push from chief executive Antonio Simoes to create a “leaner operation”. The UK’s largest asset manager informed staff on Wednesday on email that it has begun moves to eliminate 10 per cent of its workforce. The programme [...]
City watchdog begins legal action against loan notes firm Hunter Jones September 21, 2026 The City watchdog has begun High Court proceedings against a loan notes firm and its chief executive, according to court filings, amid growing scrutiny of the high-risk instruments and their availability to retail investors. The Financial Conduct Authority (FCA) has initiated proceedings against Osborne Baldwin, which trades as both Hunter Jones and Hunter Jones Group, [...]
Energy costs and rate hikes to weigh on growth September 21, 2026 The UK economy is forecast to grow in 2026, but rising energy bills and higher borrowing costs will weigh on activity in the second half of the year. The economy is set to grow 1.3 per cent this year, according to KPMG’s latest economic outlook, after household spending was “supported by warmer weather” while businesses [...]
London AI infrastructure firm Nscale files for $35bn US listing September 20, 2026 Nscale has filed for an initial public offering in the US, as it looks to tap into AI’s growing demand for infrastructure. The Nvidia backed AI cloud provider is targeting a valuation of up to $35bn. The group will also launch a retail offering for UK investors, allowing them to purchase shares via Retailbook. The [...]
Howard Buffett to succeed father Warren as Berkshire Hathaway chair September 18, 2026 Berkshire Hathaway has named Howard Buffett as chair as his father Warren Buffett steps down after six decades at the helm of the conglomerate. Howard’s elevation comes as billionaire Warren moves into the role as chairman emeritus of the company, according to a letter published to shareholders on Friday. The elder Buffett will also remain [...]
Addison Lee founder defeated in £20m non-dom tax dispute September 18, 2026 The founder of premium minicab firm Addison Lee has failed to overturn a £20.5m tax bill from HMRC after arguing that he should be treated as a non-dom in spite of having lived in England for most of his life. Sir John Griffin, aged 84, who was born in England in 1942 to Irish parents [...]
Investec’s South Africa surge offsets cooling UK performance September 18, 2026 Investec doubled down on its full-year targets today after a surge in activity in South Africa helped offset a slump in the UK. The FTSE 100 lender projected earnings per share to land between 41.7p to 43.3p, a three per cent to seven per cent rise from the prior year. The growth projection was largely [...]