FCA chief clashes with investment industry on over-reliance March 19, 2026 The investment industry must stop being over-reliant on regulators and solve their own problems in order to make investors less risk averse and boost economic growth, the financial watchdog has said. Speaking in an interview with City AM, Simon Walls, interim executive director of markets at the Financial Conduct Authority (FCA), argued that despite the [...]
‘We can only hold back the tide for so long’: Edinburgh trust urges investors to back exit plan March 16, 2026 The chair of one of Britain’s oldest investment trusts has urged its shareholders to back its proposed exit plan, saying the board had “exhausted all other options” in its bid to prevent a US activist investor from seizing control of the trust. Jonathan Simpson-Dent told investors that Edinburgh Worldwide Investment Trust (Ewit) remained under “persistent [...]
New satellite rules could prove catastrophic for UK business March 16, 2026 Satellite interference rules are being rewritten. The risks for defence and UK business interests could be catastrophic, writes Mark Allatt.
Forbes 40th Annual World’s Billionaires List March 10, 2026 Elon Musk Is World’s Richest Person Ever Recorded
Edinburgh Worldwide seeks to end Saba standoff with tender offer March 10, 2026 The board of Edinburgh Worldwide Investment Trust has offered shareholders an exit plan in its bid to bring an end to its 16-month battle with Saba Capital. It is proposing a tender offer for up to 100 per cent of its share capital after the Board said it had “exhausted every reasonable and equitable solution [...]
Starmer closes chatbot loophole in Online Safety Act February 16, 2026 Sir Keir Starmer is set to target AI chatbots with the UK’s Online Safety Act, warning tech titans that “no platform gets a free pass” following a deepfake scandal involving Elon Musk’s Grok. In a speech on Monday, the Prime Minister is expected to confirm plans to amend the Crime and Policing Bill, so that [...]
American hedge fund relaunches campaign against Scottish investment trust February 10, 2026 The American hedge fund tycoon behind a years-long assault on Britain’s investment trust industry has revived his campaign against a Baillie Gifford-run fund less than a month after being resoundingly defeated by shareholders at a crunch meeting. Saba Capital founder Boaz Weinstein shared an open letter to investors in the Edinburgh Worldwide Investment Trust (Ewit), [...]
Musk’s mega merger raises stakes for SpaceX IPO February 4, 2026 Musk’s decision to absorb xAI into SpaceX may strengthen its growth narrative ahead of a mooted IPO. Or, it could add a trifecta of complexity, regulatory exposure and executive risk at a particularly sensitive moment. The all-stock deal values the combined group at around $1.25 trillion (£910bn), making it the world’s most valuable private company [...]
Musk’s SpaceX swallows xAI ahead of mega IPO February 3, 2026 Elon Musk’s rocket company SpaceX has acquired his AI firm xAI in a deal valuing the combined business at roughly $1.25 trillion (£910bn) as the billionaire tightens control of his empire, ahead of a long-trailed IPO. The all-stock transaction, announced on SpaceX’s own website on Monday, values SpaceX at about $1 trillion, and xAI at [...]
FTSE 100 Live: Gold back on climb; Musk’s major Space X merger February 3, 2026 Good morning and welcome back to the City AM liveblog. It was quite the day for the FTSE 100 on Monday, with the index getting swept in the global metals sell-off in early trading before clawing its way out of the red and enjoying a steady stream of gains all the way to a record [...]