Baillie Gifford trust chair to raise activist campaign complaints with City minister November 4, 2026 The City minister has offered to meet the chair of Baillie Gifford’s US Growth to discuss potential safeguards for the investment trust industry, after the FTSE 250 trust was swept up in a years-long activist campaign waged by US hedge fund Saba Capital. Lucy Rigby or her officials will meet US Growth (USA) chair Tom [...]
Marks & Spencer boss accuses Labour of ‘biggest tax grab in history’ November 4, 2026 Marks & Spencer boss Stuart Machin has accused the government of mounting “one of the biggest tax grabs in history” in a scathing attack on Labour’s efforts to boost economic growth. The retail boss told reporters that the three Budgets since Labour came to power have resulted in about £73bn in extra taxes, claiming the [...]
Trainline shares slump after profit slips on watchdog probe November 4, 2026 Trainline’s profit slipped in the first half of the year after the ticket retailer was dragged down by a charge linked to an investigation from the UK competition watchdog. The rail ticketing platform recorded a £4m hit to its bottom line, which will cover legal fees and potential liabilities, following the Competition and Markets Authority [...]
Revolut secures $115bn price tag after string of licence wins November 4, 2026 Revolut has secured its latest milestone valuation following a funding round that included fresh injections from investment giants. The digital banking giant confirmed on Wednesday its price tag has swelled by over 50 per cent to $115bn after a transaction led by Glade Brook Capital Partners, Coatue and Durable Capital Partners. It is the first funding [...]
Mitsubishi Power to Deploy Upgraded Combustion Technology for M701F Gas Turbines in Major Upgrade at Saltend Power Station November 4, 2026 Upgrade of M701F gas turbines at Saltend Power Station will bring upgraded combustion technology to existing assets, significantly reducing emissions and helping to extend the operational life of the units Project represents the first retrofit application of the Upgraded Dry Low-NOx Combustion System on M701F gas turbines in the 50 Hz marketAlso provides a potential pathway for future hydrogen co-firing, supporting the energy transition across the Humber region
Weil Gotshal collapse exposes the fragility of law firm partnerships November 4, 2026 Law firm partnerships are inherently fragile due to their lack of residual equity value and transactional cultures, making them susceptible to sudden partner departures and bank-like runs – and proposed government restrictions on non-compete clauses will make it worse, says Stephen Phillips I was a partner in a couple of major global law firms. At [...]
H2SITE Selected for EU Innovation Fund Support to Advance Industrial-Scale Ammonia Cracking in Rotterdam November 4, 2026 The proposed Rotterdam facility would advance the industrial deployment of H2SITE’s hydrogen technology, with a planned production capacity of 20 tons of hydrogen per day.
Daniel Levy feels squeeze as Lewis family tightens grip on Tottenham November 4, 2026 Daniel Levy is being slowly squeezed out of Tottenham Hotspur’s ownership structure but he could yet emerge as a major player in the NBA. The former Spurs executive chairman was ousted from the club he had run for 25 years in September 2025 by majority owners the Lewis family. Tottenham are owned by parent company [...]
If Labour wants risk-takers, why is it cutting incentives? November 4, 2026 Labour claims it wants Britain to be the best place in the world to run a business, but its actions hardly match the ambition.
City AM Shadow MPC urges Bank of England to hike interest rates November 4, 2026 The Bank of England should raise interest rates on Thursday in order to “protect credibility” and stamp out any risks of inflation spiralling out of control, top economists have said. City AM’s Shadow Monetary Policy Committee, which consists of leading economists across industry and academia, has called on the Bank to lift interest rates by [...]