TA Portfolio Company Gong cha to Be Acquired by Bain Capital August 5, 2026 TA Associates (“TA”), a leading global private equity firm, today announced that Bain Capital Private Equity, LP. (“Bain Capital”) has entered into an agreement to acquire Gong cha, one of the world’s fastest-growing global tea brands. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260805769603/en/ Since TA’s investment in 2019, Gong cha has [...]
TikTok loses court battle over £12.7m child privacy fine August 5, 2026 TikTok has lost an appeal against a £12.7m fine from the UK’s data protection regulator for illegally processing the data of over 1.4m children under the age of 13. The watchdog hit TikTok with the penalty in April 2023 for breaching the UK’s data protection law, the GDPR, for unlawfully processing the data of children [...]
Qatar Racing takes over sponsorship of £4.4m British Champions Day August 5, 2026 Qatar Racing has replaced QIPCO as title sponsor of British Champions Day at Ascot for its next three editions, starting this year. The racing empire of Qatari royal Sheikh Fahad bin Abdullah Al Thani is a subsidiary of QIPCO, which has sponsored the most lucrative day in the British racing calendar, worth £4.4m in prize [...]
What’s on in London August August 5, 2026 August in London offers countless ways to make the most of the city. It’s a great chance to experience workshops, join in on some sport activations, discover a new cuisine, use exclusive offers, and embrace all London has to offer. This guide highlights some of this month’s top picks, suitable for all ages. Activities and [...]
Exclusive: Sydney Opera House and Gherkin designer Arup loses finance chief August 5, 2026 The design company behind the Sydney Opera House and Gherkin has been left without a finance chief after the former executive in the role quietly left the business, City AM has learned. Robert Boardman, who spent nearly seven years as chief financial officer at the blue-chip engineering, design, and professional services consultancy, resigned as a [...]
Exclusive: Arsenal target Vinicius Jr future at Real Madrid to be decided this week August 5, 2026 Vinicius Jr’s future at Real Madrid will be decided this week amid interest from Arsenal in a blockbuster move, City AM understands. The Brazilian left winger is under contract with Los Blancos until 2027 but negotiations in Spain have stalled having begun over a year ago, opening the door for an audacious attempt by the [...]
Want to be as rich as retirees? Buy shares in them August 5, 2026 Firms selling to British retirees have rocketed in value this year – Simon Hunt asks why. The Nasdaq 100 is up around 14 per cent since the start of the year, at the time of writing, while the FTSE 350 is up 9 per cent. But one stock portfolio is doing better than both. I [...]
Vodafone pushes into legal tech market to co-develop AI platform August 5, 2026 Vodafone has partnered with an AI startup to co-develop a legal tech tool, challenging market heavyweights Harvey and Legora. The telecoms giant has teamed up with Aavalynx to co-develop an AI-driven litigation platform that helps manage and track legal disputes and forecast financial costs tied to these. The AI company told City AM the joint [...]
Peak chicken? Domino’s hatches plan to swoop into fried chicken market August 5, 2026 Months after parting ways with the chief executive whose bet on chicken caused a flutter, Domino’s Pizza has led a charge back into the henhouse. Andrew Rennie, the pizza delivery giant’s former boss, caused a flap last November when he defended a novel expansion into fried chicken by declaring that British consumers were nearing so-called [...]
Watch out, Burnham August 5, 2026 Looking for an insight into the kind of person Andy Burnham really is? You could do a lot worse than checking his wrist, says Andy Blackmore. If you think it’s been a long time since we had a hip PM, think no longer, for the new inhabitant of No10 wears his credentials on his wrist. [...]