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Investment
Historic British Shipbuilder Harland and Wolff Secured in £70 Million Pound Spanish Rescue Deal
The iconic British shipbuilder Harland & Wolff, renowned for constructing the Titanic, is set to be rescued through a £70 million acquisition by Spanish state-owned shipbuilder Navantia. The deal, supported by the British government, is…
Databricks Secures Record Breaking £10bn Investment as AI Talent War Intensifies
In a landmark deal that underscores the intensifying battle for artificial intelligence dominance, Databricks has secured £10bn in venture capital funding, marking the largest US venture deal of 2023. The data analytics and AI company's…
Early Revolut Investors Set For Massive 404 Times Return On Investment
Small-scale investors who backed fintech company Revolut in 2016 are poised to become millionaires following a revolutionary change in share-selling rules. These early adopters, who invested through the Crowdcube platform, are expecting…
Blue Whale Fund Dumps Tech Giants Over Artificial Intelligence Spending Concerns
The investment fund Blue Whale Growth, supported by billionaire Peter Hargreaves, has significantly reduced its holdings in the 'Magnificent Seven' US technology companies due to mounting concerns about their substantial artificial…
London Stock Exchange Faces Greatest Company Exodus Since 2009 Financial Crisis
The London Stock Exchange is experiencing its most significant exodus of companies since the 2009 financial crisis, with mounting concerns that additional FTSE 100 enterprises will abandon the UK market for New York listings.
Data from…
De La Rue Share Talks With Truell Backed Investors Over 40 Per Cent Stake
De La Rue, the historic British banknote printer, is engaged in significant discussions with investment vehicles led by prominent City financier Edi Truell regarding a substantial shareholding acquisition. The talks centre on a potential…
Vanguard UK Platform Fee Shake Up Hits Small Investors With New Monthly Charge
British investment giant Vanguard is implementing significant changes to its fee structure for UK platform users, introducing a £4 monthly charge that will particularly impact smaller investors whilst reducing costs for managed service…
Blackstones Failed Bid for Londons Iconic Can of Ham Building Highlights Property Market Tensions|
The property market's standoff between buyers and sellers has claimed another high-profile casualty as Blackstone's £300 million bid to acquire London's distinctive "Can of Ham" skyscraper collapses. The deal's failure underscores the…
Distressed Asset Firm Southey Capital Makes £32 Million Pound Bid for Troubled Home Reit
Shareholders in the embattled property firm Home Reit have received a lifeline from distressed asset specialist Southey Capital, which has launched a bid valuing the company at £32 million.
The specialist investment firm is offering…
Standard Chartered Sets Ambitious £200 Billion Pounds Target for Wealth Management Growth
Standard Chartered has unveiled plans to secure £200 billion in new assets, capitalising on clients seeking to relocate businesses from China amidst potential tariff threats from president-elect Donald Trump. The FTSE 100 bank, with its…
Rio Tinto Faces Mounting Pressure to Abandon London Stock Exchange Primary Listing
A prominent activist investor has escalated its campaign for Rio Tinto to relinquish its primary listing in London, asserting that the mining giant's dual share structure has proven catastrophically detrimental to shareholder value.…
Bank of England Governor Signals Four Interest Rate Cuts for 2025 as UK Inflation Stabilises
The Bank of England's Governor, Andrew Bailey, has indicated that four interest rate cuts are likely in 2025, marking a significant shift in the UK's monetary policy stance. Speaking at the FT's Global Boardroom conference, Bailey…
Elon Musks xAI Supercomputer Set for Massive Expansion in Bold 1 Million GPU Push
In a landmark development for artificial intelligence infrastructure, Elon Musk's xAI has announced plans to expand its Colossus supercomputer facility tenfold, incorporating more than one million graphics processing units (GPUs). The…
BlackRock Seals $12bn Deal to Acquire HPS Investment Partners in Private Credit Push
In a landmark move that reshapes the private credit landscape, BlackRock, the world's largest asset manager, has struck a deal to acquire HPS Investment Partners for £9.5 billion ($12 billion), marking a significant expansion into the…
Thames Water Creditors Block Emergency Loan Use for Regulatory Fines
Major creditors of Thames Water have issued a firm directive to Britain's water regulator, stating that a proposed £3bn emergency loan cannot be used to settle outstanding fines. The UK's largest water utility, serving 16 million customers,…
Vanguard Sounds Alarm on AI Stock Rally Correction Risk Looms
The recent surge in artificial intelligence stocks has potentially overestimated the technology's immediate impact, leading to heightened risks of a market correction, according to investment giant Vanguard.
Joe Davis, chief economist at…
SJP Property Fund Charges £47 Million in Fees During Closure Period
St James's Place (SJP) has charged its property fund investors over £47 million in fees since freezing withdrawals in October 2023, equating to more than £100,000 daily. The wealth management firm's recent announcement to wind up its £1.84…
OpenAI Explores Advertising Revenue Streams for ChatGPT as Company Shifts to Profit Model
OpenAI, the creator of ChatGPT, is contemplating the introduction of advertising across its artificial intelligence products as the company navigates its transition towards a profit-driven business model.
Sarah Friar, OpenAI's chief…