Anthropic files for stock market IPO; Meta announces $95bn fundraising drive to pay for AI expansion – business live

The company behind Facebook, Instagram and WhatsApp is kicking off a new fundraising drive to fund "its core business and emerging AI opportunities". The fundraising comes in two parts. First , Meta plans to raise $35bn…

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Anthropic reveals $80bn loss as AI giant files for blockbuster IPO

The Claude developer published its long-awaited IPO prospectus with the US Securities and Exchange Commission on Monday, offering investors their first detailed look at its finances ahead of what could become one of the…

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Revolut founder accused of hatching a ‘scheme’ to avoid fees in superyacht row

In new legal filings, seen by City AM , Nik Storonsky is accused by a luxury superyacht broker of “secretly negotiating” to buy the vessel “behind the back” of the company. Cecil Wright & Partners (CWP) claims the…

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Financial advisers feel the effects of Reeves’ final tax raid as Healey’s Budget looms

Financial advice firms say they have been hit by a deluge of requests and inquiries as Brits scramble to prepare. Two thirds of firms said they had seen an increase in enquiries over inheritance tax (IHT) and estate…

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Sheikh Mansour doubles down on Manchester City with £100m injection despite legal row

Filings at Companies House show that 11,327,163 new shares in CFG were allotted on 14 October, raising the nine-figure sum. A spokesperson for CFG confirmed to City AM that the shares were bought by Sheikh Mansour’s…

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The Big Bang transformed the City of London – 40 years on, can it happen again?

Forty years on – and facing existential threats – can the Square Mile reinvent itself again? When Alasdair Haynes left work as a young options trader on Friday 24th October 1986, he didn’t know what world would await him…

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UK looking to give carmakers incentives to turn EVs into ‘power plants on wheels’

Ministers are considering giving manufacturers incentives to add "vehicle to grid" (V2G) technology to cars as part of its review of the zero-emission vehicle (ZEV) mandate. The technology allows drivers to charge…

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Small business cyber security: An essential guide

To prevent cyber attacks, make sure your staff are trained in how to manage data securely as well as how to spot scams that risk getting into your systems. Make sure your systems and data have high level protection with…

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Tech bosses warn Chancellor UK risks surrendering to foreign AI giants

The warning comes just days after the Treasury unveiled more than £600m in AI investment , including additional funding for British startups and domestic chip design. However, the trade body argued that successive…

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Plus500 finance chief says US listing ‘always on table’

It’s our duty as a public company.” “It’s something that is always on the table, but in order for us to say it’s the right thing… it needs to come also with substance of a bit more and greater kind of level of…

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