ICG: FTSE 100 giant’s shares rocket as fee income soars November 18, 2025 Shares in global alternative asset manager Intermediate Capital Group (ICG) soared on Tuesday morning after the firm recorded a dramatic jump in profit for the first half of the year. The FTSE 100 giant’s stock was up over eight per cent to 2,046.26p when markets opened, which came after the group revealed a 77 per [...]
City watchdogs balloon despite deregulation drive November 18, 2025 Calls for the Chancellor to accelerate her City-wide deregulation push grew on Monday after freshly obtained figures revealed headcount at financial regulators has ballooned by over 50 per cent in the past decade. According to data shared exclusively with City AM, nearly 4,500 more staff work at the City’s five largest regulators than did 10 [...]
London’s first all-electric energy centre greenlit in Brent Cross Town November 18, 2025 Planning permission has been granted for London’s first large scale, all-electric energy centre at Brent Cross Town, the capital’s newest park town. The energy centre will provide low carbon heating, hot water and cooling across Brent Cross Town, which has 6,700 homes and over three million square feet of offices, retail and leisure space. “This [...]
PE, mergers, and AI: Professional services faces its most pivotal moment for 20 years November 18, 2025 The professional services industry is arguably going through its most critical time in the last 20 years. As it sits on its train to the future, where it jumps off will seal its fate, as each move firms take will be critical to what the industry may look like in the next 10 years. While [...]
Banking watchdog raises customer protection to £120,000 November 18, 2025 The UK banking watchdog has raised the cap for how much a customer can be paid if their provider fails. The Prudential Regulation Authority (PRA) has hiked the limit to £120,000 from £85,000 meaning additional customer funds will be protected if their lender collapses. The limits come under the Financial Services Compensation Scheme (FSCS), which [...]
Celltrion Announces European Commission Approval of Additional Line Extension for Omlyclo™ 300mg November 18, 2025 Omlyclo™ (omalizumab) is the first and only omalizumab biosimilar approved in Europe Omlyclo™ 300 mg/2ml prefilled syringe (PFS) presentation is now approved in EU offering a simpler dosing schedule and improved patient adherence
Gary Haase to Join Everest as EVP, CEO of Legacy Operations November 17, 2025 Everest Group, Ltd. (NYSE: EG), a global underwriting leader providing world-class reinsurance and specialty insurance solutions, today announced the appointment of Gary Haase as Executive Vice President and CEO of Legacy Operations, effective December 1, 2025. He will report to Jim Williamson, Everest’s President and CEO, and will join the Company’s Executive Leadership Team. The [...]
Dilawer Farazi Returns to Loomis Sayles as Co-Head and Portfolio Manager on the Emerging Markets Debt Team November 17, 2025 Loomis, Sayles & Company is pleased to announce that Dilawer Farazi, ACA, has rejoined the firm as Co-Head and Portfolio Manager of the Emerging Markets Debt (EMD) Team. Dilawer becomes the firm’s first London-based portfolio manager. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251117681347/en/ Dilawer brings over two decades of experience in [...]
Duravant Announces Retirement of CEO Mike Kachmer, Names Jill Evanko Successor November 17, 2025 Mike Kachmer to retire following a distinguished 43-year career, including nearly 12 years as Chairman & CEO of Duravant Jill Evanko to succeed Mr. Kachmer as Duravant’s Chief Executive Officer
World First: Autonomous Racing Leaps Forward in Abu Dhabi as A2RL Season 2 Showcases Record Speed, Bold Overtakes and Real-Time AI Decision-Making November 17, 2025 TUM Retains Crown as A2RL Delivers World’s First Six-Car Autonomous Grand Final Eleven international teams competed for $2.25 million prize pool Human vs AI: Former F1 star Daniil Kvyat stayed just ahead of the autonomous challenger’s time; for now, human drivers still hold a slight edge Watch the race here: https://youtu.be/d9LLZ5mb5cA?si=RgJnvjWhdasZdXZS