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Glencore shares fall after merger talks with Rio Tinto collapse. The mining giant rejected Rio’s terms, citing undervaluation and executive role retention. Glencore emphasises its strong standalone prospects, particularly in copper, while Rio prioritises long-term shareholder value.
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Fractile co-founder reportedly exited amid scrutiny over Chinese academic links. The UK AI chip startup confirmed the departure of its former CTO following internal concerns over his educational background and affiliations. The move reflects growing national security sensitivities around AI, defence-linked research, and foreign influence in early-stage technology companies.
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UK invests £36 million to enhance AI supercomputer access. The investment aims to provide British researchers and startups with advanced computing resources, levelling the field for innovation in areas like healthcare and climate resilience.
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Payment Systems Regulator’s abolition expected no sooner than 2027. David Geale of the PSR anticipates the regulator’s consolidation into the FCA will not occur before early 2027, despite government plans for sector reform and deregulation.
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IMed Group has appointed Spencer Keegan to lead talent acquisition. The regulatory consultancy is expanding recruitment services alongside international growth, adding permanent and contract hiring capabilities to support medical and health technology clients across Europe and beyond.
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Large enterprises overestimate payroll readiness despite automation, AI, and integration ambitions. New research from CloudPay shows budget constraints, legacy systems, and governance barriers are slowing real-world deployment across enterprise payroll operations.
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Lloyds Banking Group appoints Ajneet Jassey as its new London ambassador. The bank has named the senior legal executive to focus on housing delivery, business growth, and technology engagement across the capital.
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Anthropic’s legal AI debut rattles European data and software stocks. Shares in major European data, publishing, and legal software companies fell sharply after Anthropic launched a legal productivity tool for in-house counsel, raising fresh concerns about AI-driven disruption to high-margin professional information businesses.
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One million people missed the self-assessment tax deadline. HMRC reported 27,456 taxpayers filed in the final hour before the deadline. Those who missed it face an automatic £100 penalty, with additional penalties for continued non-compliance.
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Starling’s IPO plans face uncertainty amid regulatory frustrations. The digital bank’s billionaire backer is reconsidering a London listing due to slow regulatory reforms, raising concerns of a potential New York IPO instead.