AI data centre race reaches rural Devon as Xlinks eyes £3.6bn campus June 29, 2026 Britain’s race to build the infrastructure underpinning AI is moving beyond its traditional data centre heartlands, with Xlinks unveiling plans for a £3.6bn AI campus in north Devon as developers search for land and grid capacity. The energy developer, whose Morocco-UK power project was shelved by the government earlier this year, wants to build a [...]
‘Anti-growth’: Labour blocks City of London skyscraper plans June 29, 2026 The government has been branded “anti-growth” by the City of London Corporation after a minister blocked plans to build tall buildings near the Tower of London. In a letter to planning chiefs, the housing minister Matthew Pennycock said the authority for the Square Mile should not be able to go ahead with its skyscraper plans [...]
Sky owner Comcast announces plan to split June 29, 2026 Comcast, the US media behemoth which owns Sky TV, has announced plans to split in two. The deal comes just as Sky is agreeing terms of a multi-billion-pound acquisition of part of ITV, which would unite the UK’s biggest pay-TV provider with the channels and streaming platform of its dominant free-to-air service. London traders looked unperturbed at [...]
‘Biggest change in our lifetime’ – Burnham vows ‘greater public control’ over utilities June 29, 2026 Andy Burnham has vowed to empower local government to take “greater public control” over energy, housing, water and transport as councils are set to be handed greater powers as part of sweeping economic and political reform. In a speech on Monday setting out his 10-year vision to raise living standards, the likely next Prime Minister [...]
How the SpaceX IPO revealed a ‘back door’ into Britain’s capital markets June 29, 2026 The UK’s public offer platform regime was rolled out as part of a package of reforms designed to get capital flowing into British companies. Now SpaceX has used it to raise funding in the biggest IPO of all time – in New York. Maisie Grice asks whether the changes are working as intended. In January, [...]
Kolibri Global Energy Inc. Provides Strategy Update and Higher 2026 Forecast June 29, 2026 All amounts are in US$
UK firms ‘bracing for change’ as Trump revives tariff threat over Big Tech tax June 29, 2026 Donald Trump’s latest threat to impose 100 per cent tariffs on countries with digital services taxes has renewed concerns among British exporters, with business groups warning that a trade dispute over Big Tech could end up costing manufacturers billions. The US president said on Friday that any country imposing a digital services tax on American [...]
Burnham’s choice of Chancellor will define his premiership June 29, 2026 Economic policy is so fraught that Burnham must choose from various paths. Retaining Reeves means warmed-over Starmerism; Miliband would be a sign that the Labour Party is tacking left; and choosing Streeting would be an advertisement that the Blairites were getting the band back together. What signal will the next Prime Minister seek to send? [...]
‘Sh*tloads to come’: London takeover spree set to accelerate June 29, 2026 At a gathering of some of London’s top bankers in the City of London last week, the mood was one of uncertainty. On the one hand, London’s dealmakers are not in want of work. In the past two weeks alone Easyjet has opened the door to an approach from American private equity firm Castlelake, Ramsdens [...]
As it happened: Supreme Court blocks Trump sacking; Andy Burnham vows ‘greater public control’; Comcast spin-off June 29, 2026 Good afternoon from the City AM liveblog team. News of a major spin-off deal in the media sector is providing the main talking point during the New York trading day, helping lift stocks up after the tech sector weighed on the market over the previous session. Sky owner Comcast’s announcement that it will set up [...]