Altman's Win Over Musk Clears Path for OpenAI's Trillion-Dollar Plans
A jury ruled in favor of Sam Altman and OpenAI in their legal battle with Elon Musk, clearing the way for the AI firm's for-profit conversion and potential $1 trillion IPO.
Category : Corporate
Rothschild Hires UBS's Hall for Investor Advisory
Rothschild & Co has appointed UBS's James Hall as a managing director to bolster its investor advisory business, signaling a strategic expansion in the competitive financial advisory market.
TCI Takes 5% Stake in Deutsche Boerse After Fall
TCI Fund Management has acquired a 5% stake in Deutsche Boerse following a decline in the exchange operator's share price, signaling confidence in the company's future.
Inter Milan Eye Curtis Jones as Liverpool Contract Winds Down
Inter Milan are set to renew interest in Liverpool midfielder Curtis Jones, who enters the final year of his contract. Liverpool value him at £35m, but no extension has been agreed.
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Northern Trust's Guazo Defends Responsible Investment
Northern Trust's Pedro Guazo remains steadfast on responsible investment despite pushback, emphasizing long-term value and fiduciary duty.
Linklaters Hunts Expert Witnesses for Hargreaves Lansdown
Linklaters is recruiting expert witnesses to assist Hargreaves Lansdown in defending against claims related to the Woodford Equity Income fund collapse.
Inside China's 'White Monkey' Economy
Explore the unregulated 'white monkey' industry in China, where foreigners are hired to lend prestige to businesses, from fake scientists to pretend CEOs, as the demand for global appearance persists.
AI-Driven Manager Purge Reshapes Tech
Tech companies are slashing middle management, citing AI efficiency. Workers face reduced mentorship, support, and promotion paths as roles evolve.
Tesco Boss Ken Murphy Takes £1m Pay Rise to £10.8m
Tesco CEO Ken Murphy's total pay jumped over £1m to £10.8m in 2025/26, as the grocer reported a 9% profit rise. His basic salary will increase 3% in May.
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Rachel Blake: New City Minister's Plans for Square Mile
Rachel Blake becomes the fourth City minister in two years. With a background in Treasury, housing, and anti-corruption, she faces calls for deregulation and growth.
Crypto Billionaire Harborne Enters UK Rich List at No. 6
Christopher Harborne, who gave Nigel Farage £5m, debuts at No. 6 on the Sunday Times Rich List with £18.2bn. Other first-timers include Noel and Liam Gallagher and the Beckhams.
Identity Security: A Board-Level AI Imperative
With 91% of enterprises running AI agents, boards must prioritize identity governance to mitigate risks and unlock innovation, as only 32% govern AI with the same rigor as human identities.
UFOFleet Buys FleetMaster from Cox Automotive
UFOFleet has acquired FleetMaster from Cox Automotive, expanding its fleet management solutions. The deal aims to enhance service offerings and market reach.
Ardea Boosts UK Pay to £26m After Hiring Spree
Ardea, the boutique bank founded by ex-Goldman Sachs bankers, has increased its UK pay to £26 million following a significant hiring spree to expand its team.
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Blackstone-Backed Quant Fund Loses Key IR Staff
A Blackstone-backed quantitative hedge fund has lost several senior investor relations professionals, raising concerns about client relationships and fund stability.
FCA Asks Private Banks for Client Sophistication Data
The UK's Financial Conduct Authority is seeking data from private banks on how they assess client sophistication, aiming to ensure appropriate investor protections.
JPMorgan Names Dorothee Blessing Co-Head of Investment Banking
JPMorgan appoints Dorothee Blessing as global co-head of investment banking, part of a senior leadership reshuffle in Europe.
Amazon Cancels Lord of the Rings MMO, Eyes New Game
Amazon has cancelled its planned Lord of the Rings MMO but is exploring a new game set in Tolkien's world, with potential developers including Crystal Dynamics.
BT Wins Five-Year Digital Deal with BAE Systems
BT has signed a five-year deal with BAE Systems to provide secure connectivity across 40 countries, supporting digital tools for staff amid rising defence spending.
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Wealth Management in 2050: AI, Blockchain, and Sustainability
Explore how wealth management will evolve by 2050 with AI, blockchain, and ESG investing reshaping the industry for a digital and sustainable future.
Spire Healthcare Shares Surge After £1bn Bid
Spire Healthcare shares jumped 45% after its board backed a £1bn takeover bid from Toscafund at 250p per share, a 66% premium. The private equity firm has until June 11 to make a firm offer.
Trump Mobile Updates Investors on Delayed Gold Phone
After investor backlash, Trump Mobile has updated preorder terms for its gold T1 Phone, now shipping this week. CEO Pat O'Brien says delays were 'worth it'.
Revolut Gets UK Watchdog Nod to Expand Wealth Services
Revolut's trading arm secures regulatory approval to broaden wealth management offerings, targeting high net worth investors alongside retail clients in the UK.
UK Markets Brace for Labour Civil War Over Leadership
UK stocks and bonds face turmoil as Labour leadership challenge looms. Wes Streeting expected to resign and bid to oust Starmer, while Middle East conflict pressures oil supply.
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EY’s John Owen Named Next CEO of Investment Association
The Investment Association has chosen John Owen, a partner at EY, as its next chief executive, succeeding Chris Cummings. Owen will lead the trade body representing UK asset managers.
CGT and Negative Gearing Benefit Top 1%
New data shows over half of capital gains tax concessions go to the top 1% of earners, highlighting inequality in housing tax breaks.
Kyle Diamantas Named Acting FDA Commissioner
Kyle Diamantas, a former corporate lawyer and FDA deputy commissioner for food, takes over as acting FDA commissioner after Marty Makary's resignation.
Clifford Chance Cashes In on AI Data Centre Boom
Law firm Clifford Chance is capitalising on the surge in AI-driven data centre demand, advising on major projects and seeing significant revenue growth.
Babcock Buyback and Avon Tech Orders Highlight Defence Growth
Babcock announces £200bn buyback amid revenue rise; Avon Technologies reports surge in orders as geopolitical tensions boost defence sector.
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Intertek Set to Accept £10bn EQT Offer
Intertek is poised to accept a £10bn offer from Swedish private equity firm EQT, marking a significant loss for the London Stock Exchange after months of negotiations.
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