Everyman to open at Elephant & Castle as £500m regeneration gains pace July 7, 2026 Everyman is set to expand its presence in the capital with a new five-screen cinema at the £500m regeneration of Elephant and Castle. The up-market cinema chain has faced tough trading conditions in recent years but hopes to take a boost from the footfall expected at The Elephant, the redevelopment of the south London area. [...]
Lone Star Funds Announces Agreement to Acquire ContiTech, the Material Solutions Group of Continental AG July 6, 2026 Lone Star Funds (“Lone Star”) today announced that an affiliate of Lone Star Fund XIII, L.P. has entered into a definitive agreement to acquire ContiTech, the material solutions group of Continental AG, for €4.0 billion. The transaction also includes performance-based components of up to €250 million in subsequent years. ContiTech is one of the world’s [...]
Patent cliff fuels Novartis’ $1.5bn swoop for London biotech July 6, 2026 Swiss pharmaceutical giant Novartis has agreed to buy London-based biotech Myricx Bio for up to $1.5bn (£1.1bn) as global drugmakers continue deploying billions into promising biotech firms ahead of an estimated $450bn wave of patent expiries over the next decade. The deal will see Novartis pay $1.1bn upfront, with a further $400m tied to development [...]
Burnham told to launch £100bn tax reform package July 6, 2026 Andy Burnham has been urged to introduce sweeping tax reforms that could generate over £100bn in extra government revenue by a group of influential economists, which includes his own heavyweight adviser Jim O’Neill. A letter signed by O’Neill, who was formerly a Treasury minister and Goldman Sachs executive, urged the next Prime Minister to introduce [...]
London Lions in EuroLeague franchise bid – but may have to quit Super League Basketball July 6, 2026 London Lions are in talks to buy an expansion franchise in EuroLeague basketball when the continent’s premier competition adds four new teams next year. London is a priority market for EuroLeague as it advances its plans to grow to 24 teams for the 2027-28 season – part of a comprehensive rearguard action against the NBA’s [...]
IFS and Chelsea reaffirm partnership but AI firm won’t be front-of-shirt July 6, 2026 Industrial AI firm IFS has reaffirmed commitment to its global partnership with Chelsea but will not remain the Premier League club’s front-of-shirt sponsor. IFS appeared on the front of Chelsea’s shirts for the latter part of last season, having signed a three-year contract with the US-owned West London side in February. But their expanded partnership, [...]
Billionaire Easyjet founder in line for £800m payday from takeover July 6, 2026 Easyjet founder Sir Stelios Haji-Ioannou could be in line for a bumper £800m payday as part of the airline’s proposed takeover by private equity firm Castlelake. The British-Cypriot entrepreneur, who founded the company in 1995, holds some 116m shares in the budget carrier and will net a huge payout should he decide to sell his [...]
Investors in Farage-backed Bitcoin venture get burnt after stock slides July 6, 2026 Brits who bought shares in a crypto venture backed by Nigel Farage have seen their investment tumble by more than a third in the space of just three months. In March, Farage threw his weight behind Stack BTC, an Aquis-listed Bitcoin firm, investing hundreds of thousands of pounds to become one of the company’s largest [...]
Citi Becomes Clearing Member of London Precious Metals Clearing Limited July 6, 2026 Citi has been admitted as a clearing member of London Precious Metals Clearing Limited (LPMCL). The move marks a major expansion of Citi's precious metals business by adding Loco London settlement services, while simultaneously increasing LPMCL's network of clearing members. This collaboration expands the global precious metals market infrastructure, underscoring LPMCL's central role in the bullion market.
The UK’s legal system brings the world to London in search of a fair deal July 6, 2026 We talk a lot about London’s strengths as a global financial centre. We talk about our capital markets, our fintech ecosystem, our talent base. But there is one foundation that underpins every single one of those strengths, and it doesn’t get nearly enough credit: our legal system, says Dame Susan Langley When we talk about [...]