Billionaire Bill Ackman donates £300m to brain research centre after daughter suffers haemorrhage Pharma American billionaire Bill Ackman will donate $400m to brain research after his daughter suffered a haemorrhage that left her in a coma. The investor, whose Perishing Square hedge fund is one of the most famous investment management firms in the world, announced plans to donate the vast sum to a newly established research institute named [...]
Exclusive: Easyjet shareholder rights to be watered down under Apollo deal Aviation Easyjet shareholders risk having their stake in the airline seized from them unilaterally and are highly unlikely to be paid a dividend if they opt to retain their stake in the carrier once Apollo’s takeover is complete. According to documents filed by the private markets juggernaut last Thursday, investors who roll their investment into the [...]
Wimbledon won’t slap sponsor on new show court but eye US growth Sport Business Wimbledon is quintessentially British, and its branding is understated. But what’s next for the Grand Slam? Matt Hardy finds out. “I’m not sure it’s Wimbledon style to have a naming right on a court,” the tennis Grand Slam’s marketing and commercial director Usama Al-Qassab tells City AM when asked whether a new show court at [...]
Zohran Mamdani’s socialist superstore stunt won’t help poor New Yorkers July 29, 2026 Zohran Mamdani’s plan to open five state=owned shops with subsidised groceries will make little to no difference to the lives of New Yorkers, so why are you reading about it? Ask Kristian Niemietz New York City has a population of over 8.5m people, or close to 20m if we include the wider metropolitan area, and [...]
Magic circle Freshfields ousts equity partners amid US push July 13, 2026 Senior staff are bracing for a shake-up at magic circle law firm Freshfields, as partners have been forced out to boost growth and fund its US expansion. The City-based firm has ousted several equity partners in recent weeks across several European offices, including London, according to the Financial Times, as it focuses on growth. Speaking [...]
London cannot afford to sleepwalk through the next decade July 9, 2026 London is slipping into complacency. We must use the next decade to reassert ourselves as a premier financial centre, writes Aster Crawshaw.
‘There’s a kind of romance to it’: Cubitts opens King’s Cross hub on site of Victorian stables June 25, 2026 Cubitts has opened a major new hub in King’s Cross, marking the latest chapter of the trendy spectacle maker’s expansion. The London-based business, which first opened its doors in 2012 and has made bespoke glasses for the likes of Idris Elba, Ryan Reynolds, Madonna and Cynthia Erivo, has taken up a 13,000 square foot lease [...]
Universal Music rejects Bill Ackman’s $65bn takeover bid May 30, 2026 Universal Music’s board has rejected billionaire Bill Ackman’s takeover proposal, arguing it “materially undervalues” the company and is ultimately not in the best interest of shareholders or artists. The company’s board unanimously rejected the $65bn (£48.3bn) proposal from Ackman’s Pershing Square Capital on Friday, as it offered to buy the world’s largest record company last [...]
Ebay rejects Gamestop’s not ‘credible nor attractive’ $56bn bid May 12, 2026 Global commerce giant Ebay has dismissed an audacious play from video game retailer Gamestop that sought to merge the two companies into a new titan to take on the dominance on Amazon. Ebay’s chairman Paul Pressler said the firm’s board had “thoroughly reviewed [the] proposal and has determined to reject it”. In a letter to [...]
Enhanced Games NYSE firm opens down on Friday close May 11, 2026 Enhanced Group Inc, the firm behind the pro-doping Enhanced Games, opened more than 10 per cent down on its previous close on its first full week on the New York Stock Exchange. The inaugural Enhanced Games, due to take place this month, encourages competitors to take performance enhancing drugs – in stark contrast with mainstream [...]