Grid delays force Starmer-backed AI data centre to seek alternative power July 13, 2026 One of the UK’s flagship AI infrastructure projects is being forced to source its own energy supplies after discovering it would not be granted grid connection in time for its eagerly anticipated opening. Nscale, the British AI unicorn backed by Nvidia, is now looking beyond conventional electricity connections for its flagship £2bn data centre in [...]
KBRA Assigns Preliminary Ratings to UK Logistics 2026-3 DAC July 10, 2026 KBRA UK (KBRA) is pleased to announce the assignment of preliminary ratings to five classes of UK Logistics 2026-3 DAC, a CMBS single-borrower transaction. The collateral for the transaction is a £603.0 million participation in a £753.0 million limited recourse, first lien mortgage loan, originated in June 2026 by Deutsche Bank AG, London Branch, Standard [...]
Vodafone shares jump as French telecoms tycoon becomes top shareholder July 10, 2026 Vodafone shares surged almost 11 per cent on Friday after French telecoms billionaire Xavier Niel bought a £4.4bn stake in the FTSE 100 group from UAE-backed e& and became its largest shareholder. The deal will see Niel’s investment vehicle, Vega, acquire e&‘s entire 16.2 per cent stake for 112.5p a share – a 15 per [...]
U.K. Firms Make Cyber Resilience Measurable July 10, 2026 Boards and regulators push enterprises to prove response readiness and operational impact as AI-enabled threats grow, ISG Provider Lens® report says
KBRA Assigns Preliminary Ratings to Morglas ABS 2026-1 PLC July 2, 2026 KBRA UK (KBRA) assigns preliminary ratings to seven classes of notes to be issued by Morglas ABS 2026-1 PLC (Morglas 2026-1), a UK consumer loan ABS backed by a static pool of unsecured, fixed rate, fully amortising personal loans originated by Admiral Financial Services Limited (AFSL). Morglas 2026-1 will issue multiple classes of notes totalling [...]
Will AI trigger the end of net neutrality? July 2, 2026 Since its inception, the internet has worked for one fundamental reason: net neutrality. This is the principle that internet carriers – broadband and mobile providers – must treat traffic equally, regardless of where it comes from. They cannot discriminate. This idea, noble in its intentions, was what spurred the enormous growth of internet services over [...]
BT tops FTSE 100 after finding new home for international business with Verizon joint venture June 29, 2026 BT unveiled a new home for its international operations on Monday, in a move the £19.5bn firm called a “milestone”, which sent its shares to the top of the FTSE 100. A joint venture with Verizon of the US will target multinational customers and help the former monopoly concentrate on its domestic market. BT will [...]
As it happened: Supreme Court blocks Trump sacking; Andy Burnham vows ‘greater public control’; Comcast spin-off June 29, 2026 Good afternoon from the City AM liveblog team. News of a major spin-off deal in the media sector is providing the main talking point during the New York trading day, helping lift stocks up after the tech sector weighed on the market over the previous session. Sky owner Comcast’s announcement that it will set up [...]
LSE draws up ‘worst case scenario’ US listing flight risk June 28, 2026 The London Stock Exchange is preparing for as many as 20 FTSE 100-listed companies to move their direct listings to New York, according to reports, in a move that would leave a £2bn gap in the Treasury’s earnings from stamp duty on share trades. The exchange has drawn up a worst-case scenario plan in which [...]
KBRA Assigns Preliminary Ratings for Golub Capital Partners Euro CLO 89(M) DAC June 26, 2026 KBRA UK (KBRA) assigns preliminary ratings to five classes of notes issued by Golub Capital Partners Euro CLO 89(M) DAC, a cash flow collateralised loan obligation (CLO) backed primarily by a diversified portfolio of middle market corporate loans. Golub Capital Partners Euro CLO 89(M) DAC is managed by GC Investment Management LLC (“GCIM” or the“collateral [...]