Defence drilling firm tools up for London IPO July 27, 2026 Aerospace drilling company Tek4 is gearing up for an initial public offering in London, City AM can reveal, in a boost to the London Stock Exchange as it looks to tempt more defence firms to market. The Leicestershire-based company, which counts Rolls-Royce and GE among its customers, is looking to raise £20m through a listing [...]
Burnham backs plan to pump £1bn pension funds into start-ups July 27, 2026 Andy Burnham’s government is set to spearhead a new £1bn fund that will channel cash from some of the country’s biggest pension schemes into start-ups. Pension funds including Nest, the workplace scheme set up by the government, Railpen, Border to Coast and the Local Pensions Partnership Investments (LPPI) are set to back the new government-led [...]
One Rock Capital Partners Completes Strategic Investment to Create Eat Happy Hana Group July 27, 2026 One Rock Capital Partners, LLC (“One Rock”) today announced that EAT HAPPY GROUP (“EAT HAPPY”) and the European operations of Hana Group SAS (“Hana”) have successfully completed their previously announced combination, supported by a strategic investment from One Rock. Following receipt of all required regulatory approvals, the transaction has now closed. The combined business will [...]
The City has the key that can unlock growth in every postcode July 27, 2026 Growth depends on a stable and competitive tax system, streamlined planning and proportionate regulation and the City will work with the new government to create those conditions, says Chris Hayward Now that the Burnham government is in place, the Prime Minister’s new Cabinet inherits a formidable set of challenges: regional inequality, stretched public finances, sluggish productivity and flatlining living standards. Addressing these challenges will require sustainable growth and unleashing entrepreneurial energy across the country. [...]
Exclusive: Saudi ship struck by Houthis had insurance from Lloyd’s insurance giant July 25, 2026 Insurance giant Gallagher had insured one of two ships that were attacked by the Houthis in the Red Sea, which caused a fire to break out on board and made the ship return to port. The Lloyd’s of London broker had organised cover for the affected vessel, which was one of a pair of tankers [...]
Kuwait Oil Company Signs US$ 16.0 Billion Infrastructure Partnership Involving Its Crude Oil Pipeline Network With a Consortium Comprising Blackstone, Brookfield and KKR July 25, 2026 Kuwait Oil Company (“KOC”) is establishing a new joint venture (“JV”) with three leading global investors in a lease and leaseback structure for a 20.5 year period that includes a volume-based tariff Following a competitive selection process, Blackstone, Brookfield and KKR will collectively hold a 49% stake in the JV, with each investor holding an equal one-third share of that interest on equal terms; KOC will retain a 51% stake and full ownership and operational control of the network Kuwait's largest energy infrastructure partnership to date, and the largest foreign direct investment ever in Kuwait Marks the first time leading global institutional investors have deployed long-term capital into Kuwait’s midstream infrastructure Underscores – amidst ongoing regional geopolitical challenges – international trust in KPC’s ability to deliver on its 2040 Strategy to reach 4 million barrels of crude oil production capacity per day by 2035 Supports Kuwait's economic diversification goals in a partnership with leading international investors, expected to generate US$ 7.85 billion of proceeds to support broader capital expenditure plans Preserves the State of Kuwait’s full flexibility over its production and refining volumes
‘Extremely dangerous’: AI warfare much bigger threat than LLM model advances, experts warn July 25, 2026 The growing use of AI in warfare poses a much bigger threat to the future of the UK than the latest advances in frontier AI models, experts have told City AM. Nicholas Fairfax and Max Rangeley, co-editors of The Artificial Intelligence Revolution, said the ability of small actors to use AI to develop immensely powerful [...]
Exclusive: Nothing slashes jobs in cost-cutting push July 24, 2026 British smartphone maker Nothing has begun slashing jobs across its global business as it looks to cut costs following a rapid hiring spree, City AM can reveal. The Kings Cross headquartered hardware firm, founded by Carl Pei, who previously set up Chinese smartphone company OnePlus, has begun consultations with staff across regions and has already [...]
Bank regulation, not austerity, explains why Britain is poorer than America July 24, 2026 When it comes to Britain’s stagnant growth, we must first diagnose the root cause. That starts in the City, writes Daniel Freeman Britain has never really recovered from the Great Financial Crisis, and we will soon be entering our third lost decade of economic growth. Before 2008, the UK and US economies grew at an almost identical rate. Per [...]
Volkswagen California 2026 review: plenty of room at the Hotel California July 24, 2026 Britain’s best-selling vehicle so far in 2026 is the Ford Puma. Visit the south coast in holiday season, though, and you’d swear the Volkswagen California occupies that top spot. Whether trapped in tourist traffic, parked beside the beach or looking cool on a campsite, these things are everywhere. Volkswagen campers have enjoyed cult status since [...]