Sequoia scraps London office as UK employees face axe November 4, 2026 Silicon Valley venture capital giant Sequoia Capital is shutting its London office and cutting staff, just six years after expanding into Europe, in a major retreat from Britain’s startup investment scene. The US investor, an early backer of Apple, Airbnb and Stripe, confirmed the closure in a sweeping restructuring announcement, saying it no longer saw [...]
Luxfer Shareholders Approve Acquisition by Wynnchurch Capital November 4, 2026 Luxfer Holdings PLC (NYSE: LXFR) (“Luxfer” or the “Company”), a global industrial company innovating niche applications in materials engineering, today announced that its shareholders voted to approve the Company’s previously announced acquisition by affiliates of Wynnchurch Capital, L.P. (“Wynnchurch”) at two meetings of shareholders held earlier today in London, United Kingdom. Under the terms of [...]
City of London defends Hampstead ponds trans policy in court November 4, 2026 The City of London Corporation is defending allowing trans women to use female spaces at Hampstead Heath ponds, after it was accused by a feminist charity of compromising “privacy, dignity and a sense of safety”. The charity Sex Matters is challenging the Square Mile authority’s rules the grant access to facilities at the North London [...]
Blockworks Brings Premier Institutional Event, Digital Asset Summit, Back to London November 4, 2026 The financial industry’s leading convene in London to chart forward a path
Nations Championship loses title sponsor on eve of inaugural London climax November 4, 2026 The Nations Championship has lost its title sponsor on the eve of the inaugural international rugby competition’s climax in a £15m blow to the sport. Qatar Airways has cancelled its sponsorship agreement with the world’s top rugby nations, as well as a deal to host the 2028 finals – this year staged at London’s Allianz [...]
Baillie Gifford trust chair to raise activist campaign complaints with City minister November 4, 2026 The City minister has offered to meet the chair of Baillie Gifford’s US Growth to discuss potential safeguards for the investment trust industry, after the FTSE 250 trust was swept up in a years-long activist campaign waged by US hedge fund Saba Capital. Lucy Rigby or her officials will meet US Growth (USA) chair Tom [...]
Revolut secures $115bn price tag after string of licence wins November 4, 2026 Revolut has secured its latest milestone valuation following a funding round that included fresh injections from investment giants. The digital banking giant confirmed on Wednesday its price tag has swelled by over 50 per cent to $115bn after a transaction led by Glade Brook Capital Partners, Coatue and Durable Capital Partners. It is the first funding [...]
Sporta gets £5m injection as it seeks UK banking license November 4, 2026 Sporta’s bid to become the UK’s first authorised bank dedicated to sport has been boosted by a £5m cash injection from a London-based private equity house. The Lazaroo-Hood Group, which also has a base in Jersey, will make the organisation Sporta’s largest shareholder, alongside the firm’s founders. The raise is a follow-on investment after earlier [...]
As it happened: FTSE 100 rallies after Democratic sweep in midterms and oil retreats November 4, 2026 Welcome back to City AM‘s FTSE 100 liveblog. London’s blue-chip index has rallied into the afternoon while Wall Street also opened on the front foot after the midterm elections. Brent crude fell around $100 per barrel, extending the week’s decline as investors weighed up possible outcome of ongoing peace negotiations between the US and Iran. [...]
New ‘founder relief’ is meant to boost entrepreneurs, but can anyone name a founder who qualifies? November 4, 2026 A new tax rate of 10 per cent capital gains on up to £10m lifetime gains is designed to encourage and reward founders, but the draft rules are so narrowly drawn that hardly anyone will qualify, says John Manis In the film My Fair Lady, the heroine’s father, Alfred P Doolittle, makes a memorable case [...]