Babcock boss bows out after shares grow sixfold January 23, 2026 The boss of Babcock is to step down after presiding over a sixfold increase in the company’s share price during his five-year tenure. David Lockwood, who joined the defence giant as its chief executive in September 2020, will step down from the company’s board at the end of the year, the firm revealed on Friday. [...]
UK retail sales see modest Christmas rise following Budget January 23, 2026 UK retail sales inched up slightly in December, as consumers returned to the high street for Christmas shopping after the Autumn Budget, but failed to halt an overall fall in purchases during the final quarter. Retail sales volumes are estimated to have increased by 0.4 per cent in December, following falls of 0.1 per cent [...]
Budget fails to dampen commercial property activity January 23, 2026 Leasing and investment demand for commercial real estate remained high in the last few months of 2025, as the industry swerved Budget uncertainty that rattled the housing market. While growth in demand was slightly tempered by speculation surrounding tax changes, year-on-year figures remained robust among individual spaces. Office space investment demand reported a four per [...]
Ellipses In-Licenses First-in-Class B7H3 Antibody Drug Conjugate From China January 22, 2026 Ellipses Pharma Limited (“Ellipses”), a clinical-stage oncology drug development company with a pipeline of innovative programmes, announced that it has entered into a collaboration and licence agreement with Innolake Biopharm Co. Ltd (“Innolake”) to develop a clinical stage first-in-class antibody drug conjugate (ADC). Under the partnership, Ellipses gains rights to develop a B7H3 targeted ADC [...]
Springboks and All Blacks to play Test rugby in Baltimore, United States January 22, 2026 The Springboks and All Blacks will face off in the United States as international rugby ramps up its presence across the pond. New Zealand and South Africa will head to the M&T Bank Stadium in Baltimore – home of NFL franchise Baltimore Ravens – next September as part of their “Greatest Rivalry” series, a version [...]
Prison porridge costs taxpayers £165m a year January 22, 2026 Porridge, baked beans and other prison food cost taxpayers a combined £165m a year, City AM can reveal, as questions around spending efficiencies loom over the Ministry of Justice. The government has signed a blockbuster £826.7m deal with a leading catering distributor to supply food for prisoners and staff. BFS Group, a subsidiary of South [...]
Lone Star Acquires Alliance Ground International January 22, 2026 Lone Star Funds (“Lone Star”) today announced that an affiliate of Lone Star Fund XII, L.P. has entered into a definitive agreement to acquire Alliance Ground International (“AGI”), a leading North American airport services provider, from Greenbriar Equity Group and Audax Private Equity. Financial terms of the transaction were not disclosed. Founded in 1987 and [...]
This hotel on the Elizabeth Line is 30 minutes from London but feels totally remote January 22, 2026 THE HOTEL: The Cotswolds has attracted A-Listers like Ellen DeGeneres and Beyonce partly because of its proximity to London. Morning meetings in Mayfair are softened by late lunches in the countryside. That’s old hat now though, thanks to the Elizabeth Line. The easterly stretches of rural Buckinghamshire and Berkshire can be considered London by virtue [...]
Millions of parents miss out on free pension cash by overlooking this rule January 22, 2026 Millions of UK parents are missing out on hundreds in free pension cash after being left in the dark by employers about a pension rule for new parents. While most parents are aware of child benefits and junior ISAs, many are losing as much as £720 per year after overlooking a far less familiar perk. [...]
Former JPMorgan investment banker launches European sports fund January 22, 2026 A former JPMorgan investment banker has teamed up with the former managing director of Eurosport to launch a new European sports fund. Athvance Capital has launched as a “European investment platform fully dedicated to unlocking long-term value across the global sports industry”. Capital, according to the firm, has already been deployed across Padel Copa as [...]