Government intervenes in Sky’s £1.6bn ITV takeover Media Culture secretary Lisa Nandy has formally intervened in Sky’s £1.6bn takeover of ITV’s broadcasting business after raising concerns over its impact on media competition and the diversity of British news. Nandy confirmed on Wednesday that she had issued a Public Interest Intervention Notice (PIIN), instructing the Competition and Markets Authority (CMA) and media regulator Ofcom [...]
Weil’s ‘Titanic’ ordeal rocks firm’s London lawyers Law The unravelling of one of the world’s most prestigious law firms, Weil, Gotshal & Manges, has shaken its London lawyers, with one partner describing it as “a Titanic situation.” “This is probably the worst succession planning in legal history,” a former Weil partner told City AM. “I’m shocked about this…It’s crazy to me this is [...]
Tesla-SpaceX merger could fuel AI spending spree across Musk’s $3.5 trillion empire Tech Elon Musk’s proposed $3.5 trillion (£2.6 trillion) merger of Tesla and SpaceX could unlock a wave of AI investment, giving the billionaire greater access to cash and borrowing power as he races to expand his tech empire. Analysts said combining the two businesses could help Musk fund his increasingly expensive AI ambitions, bringing together Tesla’s [...]
High-cost loans firm Evlo eyes £200m sale in sign of subprime comeback October 23, 2026 High-cost lender Evlo has tapped bankers for a sale which could fetch the company a valuation of more than £200m, City AM can reveal, in signs of a revival of dealmaking in the controversial sub-prime lending market. Evlo, which calls itself ‘the friendly UK lender’ and offers loans at interest rates of up to 252 [...]
Deloitte to create new jobs with launch of regional deals unit October 22, 2026 Deloitte is set to create up to 100 new jobs across the North of England with the launch of a specialised regional deals unit, in the latest sign that firms are eager to capitalise on the Prime Minister’s national growth agenda. The Big Four firm said on Thursday it plans to create up to 100 [...]
LSEG pushes up profit forecast as it confirms $3.5bn Octus swoop October 22, 2026 LSEG has upped its profit forecast for a second time as the operator of the London Stock Exchange confirmed plans to take on credit data specialist Octus in a $3.5bn (£2.6bn) deal. The FTSE 100 firm said the deal to acquire the New York-based business “significantly expands LSEG’s fixed income offering”. “Public and private credit [...]
Poundland hits out at ‘speculation’ after union criticises owner October 14, 2026 Poundland has hit out at the “speculation” engulfing the company’s sale after a retail workers’ union dubbed its US owner an “absolute disgrace”. Usdaw, the union representing shop workers, said earlier this week that it has “deep concerns” about US investment firm Gordon Brothers’s sale of the business. Bally Auluk, Usdaw’s national officer, claimed Poundland’s [...]
London Stock Exchange faces ‘material depopulation’ October 12, 2026 The London Stock Exchange is facing “material depopulation” following a boom in the M&A landscape dominated by overseas buyers, a top investment bank has warned. Some 42 bids for London-listed firms are currently ongoing with a total market capitalisation of £74bn, according to a new note from Peel Hunt. The figure is more than double [...]
Stages of tax grief: Is it time for bankers to bargain? October 7, 2026 Banks are in the firing line at the Budget and in a meeting with bosses on Tuesday chancellor John Healey played coy on any increased rates. In this week’s column Samuel Norman looks at what trade-off could be made. Also on the cards, fresh data shows fintechs are lurching ahead of the incumbents on customer [...]
Informa snaps up Clarion Events in £2.2bn deal with Blackstone October 6, 2026 Digital services giant Informa has snapped up the world’s largest privately owned event and exhibition organiser in a multi-billion pound deal with private equity firm Blackstone. The FTSE 100 group revealed on Tuesday it had acquired London-headquartered Clarion Events for £2.2bn from Blackstone. The deal brings over 100 business-to-business live event brands under the Informa [...]