News
Morgan Stanley and Goldman Space X IPO plan to curb post-float selloff
9+ hour, 7+ min ago (569+ words) The Wall Street banks elected to work on Space X's anticipated listing are drawing up plans to curb a post-IPO slump that could have detrimental effects to its valuation. Advisers on the deal are exploring whether insiders and early investors…...
BP toasts to 'exceptional' oil trading after Iran volatility
12+ hour, 29+ min ago (551+ words) Energy giant BP has forecast "exceptional" results in its oil trading division after a period of volatility in prices triggered by the war in the Middle East. The FTSE 100 oil major said upgraded its outlook on Tuesday, which marks a…...
Space is the new frontier in economics
19+ hour, 12+ min ago (272+ words) Property rights underpin capitalism here on Earth, they must do the same in space " a new book by City AM columnist Rainer Zitelmann argues A little over ten years ago, when smartphones were still sufficiently new to mention, I attended…...
Wall Street chiefs summoned over 'nightmare' Anthropic cyber threat
4+ day, 12+ hour ago (540+ words) By: Samuel Norman and Saskia Koopman US regulators have summoned top Wall Street bosses to an urgent meeting over fears that a powerful new AI tool could turbocharge a haunting new wave of cyber attacks. Scott Bessent, the US Treasury…...
Uzbekistan national wealth fund confirms plan for London IPO
5+ day, 7+ hour ago (315+ words) Uzbekistan's national wealth fund has confirmed plans to plough ahead with a London IPO in what will be the country's first ever public market debut. In an update to the stock exchange on Thursday, the National Investment Fund of the…...
Female rugby CEOs on breaking barriers in male-dominated industries
4+ day, 11+ hour ago (553+ words) Senior female leaders have warned that progress at the helm of UK Plc is stalling, as they lay out the barriers women still face in leadership in male-dominated industries. In a conversation with Investec Bank Channel Islands CEO Jane Niles,…...
The six reasons why startups fail (and only one is unavoidable)
4+ day, 19+ hour ago (211+ words) Why do so many startups fail? Dr Bernard Bulkin, who has worked in venture capital for 21 years, says there are six main reasons Why do so many startup companies go under? An oft quoted statistic is 90 per cent in the…...
Tech stocks regain safe haven status amid Iran ceasefire
5+ day, 11+ hour ago (630+ words) American tech stocks have reasserted their role as a market safe haven, as easing tensions between Washington and Tehran trigger a sharp rebound across beaten-down AI and software names. A two-week ceasefire between the US and Iran, alongside a potential…...
Fuel shortages and inflation: IMF warns of "scarring" harm from war
5+ day, 5+ hour ago (545+ words) Politics and Economics Reporter Several fuel shortages, hunger and spiralling inflation will be some of the consequences of the Iran war as the head of the International Monetary Fund said that it would leave "scarring effects" on the global economy....
Taxpayers brace for a financial hit after personal allowance rule change
5+ day, 8+ hour ago (572+ words) British taxpayers are bracing for a fresh financial hit as changes to the personal allowance creeps closer. While the personal allowance itself is not changing, remaining frozen at "12, 570 until 2031, a subtle change will take effect from the next tax year,…...