Investment trust urges ministers to overhaul rules amid Saba ‘threat’ October 8, 2026 An investment trust which holds shares in SpaceX has urged the City minister to overhaul the rule book to stop the “threat” of a notorious US activist hedge fund. Tom Burnet, chair of the Baillie Gifford US Growth Trust, has written to City minister Lucy Rigby as well as Scottish secretary Douglas Alexander to plead [...]
Employers yearn for growth as jobs market stages ‘fragile recovery’ October 8, 2026 The UK jobs market is beginning to “flicker back to life,” a new report has said, after permanent and temporary placings inched up in the last month. The latest jobs report from KPMG and recruiter REC showed permanent hiring grew for the second consecutive month to a four-year high of 50.9. Meanwhile, temporary billings also [...]
KBRA Releases Opal Group European CLO Summit Recap October 7, 2026 KBRA releases its recap of Opal Group’s European CLO Summit, held at the London Marriott Hotel Grosvenor Square on 6 October 2026. The conference brought together collateralised loan obligation (CLO) market participants who discussed the strong European issuance and investor demand, alongside tighter transaction economics, limited primary loan supply, and increasing credit dispersion. Panellists generally [...]
Saudi Arabia still open to sport investing, insists PIF, despite drastic cutbacks October 7, 2026 Saudi Arabia remains keen to invest in sport despite scaling back funding for high-profile projects in golf, football and tennis, says the Public Investment Fund. PIF has retreated from bankrolling LIV Golf and extravagant spending on foreign players for the Saudi Pro League as well as giving up hosting the WTA Finals as part of [...]
Royal Mail to cut thousands of jobs in sweeping overhaul October 7, 2026 Royal Mail will cut as many as 2,500 jobs as part of a root-and-branch overhaul that the ailing postal service hopes will reduce its overheads at a time of dwindling usage and scrutiny over its delivery performance. The group, which was bought off the London Stock Exchange by Czech billionaire Daniel Kretinsky in 2024, unveiled [...]
Shein UK revenue hits £2.5bn despite IPO woes October 7, 2026 Fast-fashion giant Shein took in more than £2.5bn in UK revenue last year as it tightens its hold on British shoppers despite its IPO woes. The e-commerce firm generated £2.58bn in revenue in 2025, newly published accounts show, as its pre-tax profit widened by 18 per cent to £45m. Proof of Shein’s growing presence in [...]
Billionaire Weston family buys Boots for $9bn October 7, 2026 The billionaire Weston family has struck a deal to buy Boots for nearly $9bn, scuppering hopes that the high street giant could return to the London Stock Exchange. Wittington Investments, the holding company for the Westons’ Canadian operations, said on Wednesday it will buy Boots from its private equity owners, Sycamore Partners. The deal brings [...]
I helped found Shazam, now I write crime novels: Job hopping is a joy October 7, 2026 Long gone are the days of life-long jobs and thank goodness – job-hopping is a joy, writes Shazam-investor-turned-play-director Ajay Chowdhury.
Endeavor Catalyst Closes Oversubscribed $320 Million Fund V as Europe Becomes Its Fastest-Growing Market October 7, 2026 Europe is now Catalyst’s fastest-growing region, with more than 90 investments across 10 markets and 20 portfolio companies valued at US$1 billion or more European portfolio companies raised US$3.3 billion in rounds joined by Catalyst across 2025 and the first half of 2026 – more than any other region Fund V investments include EnduroSat and HappyRobot, alongside a European portfolio featuring Bending Spoons, ElevenLabs, ICEYE and Fever
Are rolling stocks about to go off the rails? October 7, 2026 Andy Burnham’s pricey plans for nationalisation and greater public control of services have thrust Thames Water, housebuilders and the care sector under the microscope. But while public attention has centred primarily on these British heavyweights, the process of bringing the UK’s passenger rail services back into state hands has chugged along quietly, leaving the question [...]