Aiming high: The UK’s Space Strategy is a map to the stars October 2, 2026 The UK’s Space Strategy is a map to the stars, published at a time when geopolitical tensions on Earth are increasingly shaping the space sector at a global level, says Rachael O’Grady The UK’s Space Strategy, released this month, recognises that space-derived technologies, and the way we use them, have entirely transformed over the last [...]
Everest Completes Sale of Canadian Retail Insurance Operations to Wawanesa October 1, 2026 Everest Group, Ltd. (“Everest” or “the Company”) (NYSE: EG), a global specialty reinsurance and insurance leader, today announced the completion of the previously announced sale of its Canadian Retail Insurance operations, Everest Insurance Company of Canada (“Everest Canada”), to The Wawanesa Mutual Insurance Company (“Wawanesa”) following receipt of required regulatory approvals and satisfaction of customary [...]
MidOcean Concludes 2026 Equity Raise, Securing More Than $4 Billion of Equity Commitments to Accelerate Global LNG Growth Strategy October 1, 2026 MidOcean Energy (“MidOcean” or the “Company”), a liquefied natural gas (LNG) company formed and managed by EIG, today announced the conclusion of its 2026 equity capital raise, securing more than $4 billion of closed and pending commitments over the last 12 months from new strategic and institutional investors, as well as significant re-ups from existing [...]
Mark Kleinman: Monzo deal needn’t be a hammer blow for UK tech October 1, 2026 Mark Kleinman is Sky News’ City editor and the man who gets the Square Mile talking in his City AM column. Monzo deal needn’t be a hammer blow for UK tech Monzo, Oaknorth, Revolut, Starling Bank – the queue of British fintech champions waiting to float in London is fast-disappearing. The latest to more-or-less evaporate? Monzo, if a [...]
Bring ‘punishing’ high street taxes in line with banks, Healey urged October 1, 2026 John Healey has been urged to bring down the “punishing” tax burden facing the retail and hospitality industries, which is higher than any other sector. Hospitality businesses pay 82p in taxes for every pound and retail pays 72p, compared to the 40p paid by banks, according to new analysis by the British Retail Consortium (BRC) [...]
Poundland owner weighs break-up of retailer it bought for £1 September 30, 2026 A flurry of bids for just some of Poundland’s 600 shops could prompt Poundland to consider a break up of the retailer, City AM understands. US investment firm Gordon Brothers initially sought offers for the entirety of the business, but may instead opt to sell Poundland’s stores to a number of different buyers, sources told [...]
AI voice firm Elevenlabs hits $22bn valuation in fresh boost for UK tech September 30, 2026 London-based ElevenLabs has hit a $22bn (£16bn) valuation after completing a $300m employee share sale, marking another sharp jump in value for one of Britain’s fastest-growing AI firms. The voice AI group’s valuation has doubled since its $11bn Series D in February, when it raised $500m, and is now more than 2,000 times the $9m [...]
RGI Expands Its Digital Insurance Proposition With the Acquisition of D4Next September 30, 2026 The acquisition amplifies RGI’s capabilities to help insurers accelerate innovation beyond the core, combining existing insurance systems with new digital, distribution and AI-enabled capabilities.
Economists warn of tax hikes after Burnham admits social care funding ‘shortfall’ September 30, 2026 Andy Burnham has admitted there may be a “shortfall” in his ambitious plans to fund a new national care service, as economists warn that taxes will have to rise. Burnham announced plans to adjust the triple lock from 2030, effectively creating a double lock, using the savings to fund the new service. The new mechanism [...]
James Reed: Celebrating wealth could energise young people September 30, 2026 Fostering a more supportive and celebratory culture around wealth creation could help inspire more young people, writes James Reed.