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Mobico directors favour possible takeover terms, subject to further conditions. Autobuses de Leon has indicated 46p per share, but has not made a firm offer.
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Jackdaw gas production secured consent alongside separate government funding plans. Ministers also announced an initial £2bn Energy Wealth Fund intended to support investment in lower carbon energy.
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Australian infrastructure investor IFM agreed terms for majority port ownership. Two Canadian pension investors will sell their combined 63.9% stake in Associated British Ports, subject to review and approvals.
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UK inflation accelerated again as September fuel costs increased sharply. CPI rose from 3.1% to 3.5%, with transport costs contributing most to the change and services inflation also increasing.
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Ignite Funding Partners has launched lending services for established companies. Founded by former ThinCats chief Ravi Anand, the business intends to offer £1m–£25m facilities and is seeking £500m in institutional capital.
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The FCA has published examples of financial sector AI governance. Its 19 October publication examines consumer outcomes, senior management accountability, human oversight and operational resilience under existing regulatory requirements.
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Vistra research finds substantial gaps in Companies House identity verification. Although 84% of surveyed multinational directors reported organisational preparedness, only 9% said verification was complete for all relevant directors and controllers.
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SThree reports respondents observing colleagues leave after AI reshaped work. In its survey of 4,126 STEM employees across five countries, 16% reported colleagues departing after AI changed their work beyond recognition, without establishing a workforce resignation rate.
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AtScale says its OpenAI Select Partner appointment supports enterprise analytics. The company intends to connect governed business definitions and calculations with AI applications, including Codex, without disclosing customer adoption figures or independently verified performance outcomes.
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Hyland has released validated integrations for three Guidewire insurance applications. ClaimCenter, PolicyCenter and BillingCenter can connect with Hyland content services, while actual deployment and operational results depend on individual insurers.