Big Tech’s AI capex splurge can’t go on forever June 17, 2026 The eye-watering capital expenditure plans of Big Tech has been one of the year’s biggest stories. Google, Meta, Amazon and Microsoft have all splurged to secure a podium spot in the race to build out the infrastructure which will run the artificial intelligence (AI) revolution. Total capex by these four firms is expected to reach $750bn [...]
My ride in a helicopter over London as Leonardo expands its UK presence June 17, 2026 Helicopter travel is the preserve of London’s elite: Celebrities, billionaires and high flying – if you’ll pardon the pun – City chief executives. Leonardo attracted headlines earlier this year when it secured a £1bn contract to build helicopters for the Ministry of Defence. The company had warned it could shut its UK helicopter manufacturing facility [...]
Book review: The Reverse Centaur’s Guide to Life After AI by Cory Doctorow June 17, 2026 No subject has made me go more hot and cold than AI. Some days, I open Gemini, Claude or ChatGPT, set tough tasks and am dumbstruck by the speed and accuracy of the results. Wow, this is the future, I think to myself. On other days, I ask something simple and they get it all [...]
Billionaire IWG founder Mark Dixon steps down as chief executive June 16, 2026 The billionaire founder of IWG has unveiled plans to step down as chief executive, ending his decades-long control of the serviced office group. Mark Dixon, the Essex-born entrepreneur who founded the London-listed company as Regus group in 1989, will transition into the role of chairman while chief transformation officer Christian Schmitz is to step into [...]
‘Political point-scoring’ over bank rules risks investment exodus, top Nomura exec warns June 16, 2026 London’s biggest financial institutions could shift operations away from the UK if the government intensifies its regulatory grip on the City, a top City banker has warned. Chris Barlow, head of legal and compliance at Japanese bank Nomura’s European arm, said “short-termism and political point-scoring” in Westminster over financial regulation could exacerbate the burden faced by [...]
Serco hits back after Zia Yusuf accuses FTSE 250 firm of being ‘hostile to Reform’ June 15, 2026 One of the UK government’s biggest private sector contractors has denied being hostile to Reform UK after the party’s home affairs spokesperson Zia Yusuf after accused it taking “political positions” against his immigration policy. Citing a report in the Telegraph that suggested FTSE 250 firm Serco would refuse to support Reform’s deportation plans if it [...]
SpaceX IPO could get wave of Brits back into equity markets, Peel Hunt boss says June 15, 2026 The success of the trillion-dollar SpaceX IPO could help drive a wave of fresh interest into investing in the stock market, the boss of one of London’s biggest brokers has said. The float, which raised a whopping $75bn (£56bn), included millions of shares allocated to UK retail investors thought to be worth around £271m, with [...]
For all their charm, digital banks still leave me tearing my hair out June 10, 2026 I admire London’s digital banks. But three events in the past month have made me realise I’m not parting ways with my high street bank any time soon. The first was dodgy transactions that started showing up on my Revolut account. I was being charged for random TfL tube journeys. I had a feeling this [...]
‘Watershed moment’: EV sales soar as oil price volatility drives away petrol car demand June 10, 2026 Brits are racing to get their hands on electric vehicles after a surge in oil prices triggered by the war in Iran has driven away demand for petrol and diesel cars, one of the UK’s biggest used car supermarkets has said. London-listed Motorpoint, which has seen its shares jump on the back of bumper profits, [...]
Molten Ventures shares surge as it offloads Revolut stake June 9, 2026 Shares in Molten Ventures surged on Tuesday morning after the startup investor confirmed it had sold down its stake in Revolut. The FTSE 250 firm said it made £63m from the share sale, adding that it still had a stake in the company worth more than £100m following the disposal. Molten was an early investor [...]
