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TSMC’s fourth-quarter profit hit a record NT$505.7 billion. The world’s top contract chipmaker reported a 35 per cent rise in earnings on surging AI demand, lifting revenue to NT$1.05 trillion and prompting a multi-billion-dollar capital-spending increase for 2026.
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Purbeck Insurance Services has launched Purbeck Reinsurance Limited in Guernsey. The move strengthens the company’s long-term commitment to UK SME directors and deepens its direct participation in personal guarantee insurance risk through a new quota share arrangement with its fronting insurer.
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Wellcome Trust amasses £3.7bn cash reserve amid market caution. The charity aims to protect its endowments from potential financial downturns while seeking opportunities in undervalued stocks, reflecting a cautious strategy against the prevailing risk-on sentiment in global markets.
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UK Private Capital rebrand reflects evolving investment landscape. The British Private Equity and Venture Capital Association is rebranding to UK Private Capital, pending member approval, to align with industry growth and emphasise its economic contribution. The change aims to provide clearer advocacy and strategic direction.
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A gap in financial confidence is blocking UK entrepreneurs. Nearly two in five small business owners don’t know if they’re profitable, as Xero’s new Financial Confidence Taskforce urges a government rethink on financial literacy to make entrepreneurship an aspirational and attainable career path.
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AI spending surged in 2025, but doubts are growing. New research from Tech Show London suggests business leaders face a make-or-break year for AI strategy, as high investment meets lagging confidence and uneven workforce integration.
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Parliament seeks expert input on new cyber law. The UK Parliament has invited cyber security specialists to contribute evidence to the Cyber Security and Resilience Bill, a wide-ranging legislative reform designed to strengthen regulation, oversight, and information sharing across the country’s digital infrastructure.
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YFM Equity Partners has completed its exit from SharpCloud. The UK investor backed the data visualisation company in 2019, supporting its growth into a leading enterprise SaaS platform. SharpCloud has since been acquired by global decision software group Lumivero, marking a strong outcome for investors and stakeholders.
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Global central banks have issued a rare unified statement backing Fed Chair Powell. In an extraordinary development, monetary policymakers from the United States, Europe, the UK, Canada and beyond have publicly defended central bank independence against growing political interference from the Trump administration.
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Tesla has agreed to mediation with the US Equal Employment Opportunity Commission over a racism lawsuit. The move could settle years of claims about harassment of Black employees at its Fremont plant — a case now central to the company’s culture and compliance scrutiny.
