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Victory Capital raises offer as Janus Henderson bidding war heats up
Victory Capital has increased its offer for rival asset manager Janus Henderson as the bidding war with Trian Fund Management and General Catalyst heats up. The latest offer from Texas-based Victory Capital comes just days after its previous approach was rejected, with the firm saying on Tuesday it would offer $40 (£29.96) per share in […]
Reeves pledges ‘strategic state’ amid end of globalisation
Chancellor Rachel Reeves has promised to create an “active and strategic” state as she warned that “globalisation as we once knew it is dead”. In a flagship lecture at the Bayes Business School on her growth agenda, Reeves suggested the size of the state had been expanded since Labour took office as part of a […]
Nvidia’s $1 trillion bet keeps bubble fears at bay
Nvidia has raised its estimate of the potential market for its artificial intelligence chips to $1 trillion by 2027, in a move that helped steady investor concerns about the durability of the AI boom. Speaking at the company’s developer conference in California, chief executive Jensen Huang said demand for AI computing continues to expand as […]
Energy bills bailout speculation sparks bond sell-off fears
An unfunded government intervention to subsidise household energy bills would trigger a gilt market rout likely to push the UK’s long-term borrowing costs to the highest they have been since 1997, bond investors and economists have warned. David Zahn, head of European fixed income at Franklin Templeton, told City AM that the prospect of ministers […]
Lozowski: Showdown Saracens match at Tottenham good for Prem Rugby
England’s Prem Rugby takes an almighty leap of faith later this month, staging three of its five Round 12 fixtures at stadiums more than double the home team’s usual arenas. On Saturday 28 March, Gloucester Rugby take on Leicester Tigers at Aston VIlla’s Villa Park and Bristol Bears host Harlequins at Wales’s Principality Stadium. But […]
Iran war to drive up building costs, warns Travis Perkins boss
The boss of the UK’s largest builders’ merchant has warned building costs are poised to rise as suppliers warn they are facing soaring energy costs. Gavin Slark, the new boss of Travis Perkins, said the conflict in the Middle East and the resulting spike of energy prices will force manufacturers to put up prices to […]
Boku boss: Nasdaq is no ‘silver bullet’ for fintech listings
The boss of one of the London market’s fastest growing fintech companies has warned flocking to a listing on Wall Street is no “silver bullet” for firms seeking deeper liquidity than what’s on offer in the City. Stuart Neal, the chief executive of Boku, told City AM shifting the firm’s listing across the Atlantic would […]
Reeves AI push risks outpacing delivery, industry warns
Rachel Reeves’s attempt to put AI at the centre of the UK’s growth strategy has drawn a broadly positive response from business, yet also exposed a series of gaps that could limit how quickly that ambition translates into real economic gains. In her Mais Lecture, the chancellor will pledge to deliver the “fastest AI adoption […]
Reeves broke “promises” on farmer inheritance tax reforms, court hears
Rachel Reeves “broke promises” when she failed to consult over changes to inheritance tax (IHT) reliefs in her first Autumn Budget, a court has heard. The Chancellor’s proposed changes to agricultural property relief (APR) and business property relief (BPR) represent one of the biggest shifts in IHT policy in decades. In the 2024 Autumn Budget, […]
Football regulator told: Give well-run clubs a bigger slice of game’s billions
The Independent Football Regulator has been urged to mandate a new deal between the Premier League and English Football League that funnels more money to well-run clubs. The IFR this week published a new consultation on the club licensing regime it will implement from next year, which will give it the power to suspend a […]

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