Quaise Energy Closes $180 Million Series B with $35 Million Investment from Nabors Industries and Strategic Framework to Build World’s First Superhot Geothermal Power Plant August 27, 2026 Final close of Series B to advance the commercialization of superhot geothermal energy, funding Project Obsidian and the continued development of Quaise’s millimeter wave drilling system Nabors Industries and Quaise deepen relationship with strategic framework agreement spanning drilling operations, technology integration and commercial development Series B brings Quaise's total funding to date to $280 million
Asda turnaround king Allan Leighton hopes for summer boost August 27, 2026 Allan Leighton, the turnaround expert charged with leading Asda’s resurgence, has been known for his showmanship. During his first stint at Asda in the 90s, he kicked off an annual managers’ conference by revving into the auditorium on a Harley-Davidson motorbike. It was this reputation for bold, eye-catching leadership which prompted struggling discount retailer Asda [...]
Puregym to double new gym openings in second half of year August 27, 2026 Puregym is set to bulk up its gym network in the second half of 2026 after seeing a boost to revenue in the first six months of the year. The Leeds-based group opened 17 sites in the first half of the year, but said on Thursday it remains on track to reach 60 new high-quality [...]
What I’ve learned about English cricket finances in seven weeks chairing Sussex August 27, 2026 Seven weeks as chair of Sussex Cricket and no major jolts to the view of the sport that I held while my nose was pressed to the window looking in, but lots of new detail to fill out my understanding of its challenges. Some of these challenges are unique to cricket, others common to many [...]
Affluent Big Four partners lack ‘fire in the belly’ to disrupt consulting market August 27, 2026 The trend of Big Four partners leaving to launch boutique consultancies has accelerated in recent years. But Q5 co-founder has told City AM that many will struggle to build true challenger brands without an “all or nothing” approach. Five founders, including managing partner Olly Purnell, launched boutique consultancy firm Q5 at the height of the global financial [...]
Fed chair Kevin Warsh faces Jackson Hole D-Day August 27, 2026 Kevin Warsh has opted for a less-is-more approach when communicating his feelings on interest rates and inflation. Ahead of his first set piece speech as Federal Reserve chair, investors want to hear more, writes Ali Lyon. When Federal Reserve chair Kevin Warsh steps up to the wood-panelled stage at this week’s Jackson Hole symposium, investors [...]
Dolly Parton: The rhinestone capitalist August 27, 2026 Dolly Parton is often celebrated as a working class hero, but her entrepreneurial triumphs can be read as a fable of capitalism too.
Use AI for investing at your own risk, warns watchdog August 27, 2026 The financial watchdog has warned Brits using AI for investment advice that they may not be protected if things go wrong as more people turn to online chatbots. Four in five inexperienced investors admitted to using AI tools for help with their investment decision, according to the latest research from the Financial Conduct Authority (FCA). [...]
U.S. FDA approves ViiV Healthcare’s Tivicay PD, helping close a critical HIV treatment gap for young children August 26, 2026 Approval makes Tivicay PD the first second-generation integrase inhibitor approved for children living with HIV weighing at least 2 kg, including eligible newborns
Burnham pledges to tackle ‘cost of business’ as firms fear Budget tax raid August 26, 2026 Andy Burnham has pledged to help tackle the “cost of business” as he looks to head off fears that the private sector will be hit with another punishing tax raid at the Budget. Burnham said he wants to “make life easier” for people and businesses as he prepares for his first Budget under the new [...]