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      Elon Musk becomes world’s first trillionaire after SpaceX mega float

      Elon Musk speaking at a tech conference, wearing a suit, with a futuristic backdrop highlighting space exploration themes

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      Adidas, Burberry and so much Beckham: The six best 2026 World Cup ad campaigns

      A screenshot capturing a significant moment from a news broadcast on June 11, 2026, at 12:17 PM, highlighting key details.

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      The best places to eat sandwiches in Lisbon, from bifanas to pregos

      Bifana do Afonsos famous bifana sandwich showcasing tender pork in a freshly baked roll with savory sauce.

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private markets

  • Asian markets sink again as tech sell-off reignites on Wall Street

    Markets

    Asian markets have plunged into the red during Wednesday trading, as the widespread tech sell-off reignited once more on Wall Street. Chipmakers and companies tied to the AI investment boom dragged US stocks down on Tuesday, as last week’s tech jitters came back to plague the market just days before SpaceX’s anticipated listing. The Nasdaq [...]

    Abrdn's Asia Dragon has recorded chronic underperformance in recent years.
  • Private equity faces ‘sharp shock’ of triple threat stalling market momentum

    Business

    The global private equity market has stalled as it faces a triple-shock of issues which are contributing to a slowdown in market momentum, according to new figures from Bain & Company. The Big Three consulting firm said in its midyear report on private equity that the industry, “which was gathering momentum at the start of [...]

    Private equity deals bounced back in the second quarter
  • Stockbroker boom down under boosts CMC Markets share price

    Investing

    CMC Markets shares rocketed in early trading after a rise in stockbroking activity in Australia coupled with its expanding institutional business partnerships boosted profits. Shares soared 12.7 per cent to 415p, with shares up 37.1 per cent since the start of the year. The trading platform operator recorded a 20 per cent hike in profit [...]

    London Stock Exchange digital tickers displaying real-time stock prices and market updates in a bustling financial setting
  • UK Private Capital raises alarm over ‘slow and unclear’ progress from Mansion House signatories 

    May 19, 2026

    A leading private capital trade body has raised the alarm over the lack of urgency from Mansion House signatories to meet their commitments and increase allocations into venture capital. UK Private Capital, which was previously known as the British Venture Capital Association, has called on signatories to work faster, after uncovering limited evidence of any [...]

  • Intertek shares rocket as Swedish private equity firm hikes bid for the company

    May 5, 2026

    Shares in laboratory testing company Intertek rocketed in morning trading on Tuesday after Swedish private equity firm EQT launched a fresh £8.9bn bid for the company. The stock jumped 7.4 per cent to £51.61p, with shares up 13.3 per cent since the start of the year, after the Swedish firm proposed its third offer to [...]

  • Lazard to purchase Campbell Lutyens in bumper $575m deal

    April 30, 2026

    Lazard has reached an agreement to buy private capital advisory group Campbell Lutyens in a $575m (£426.3m) deal in a bid to become a global powerhouse in one of the most important areas of Wall Street dealmaking. The 178-year-old investment bank’s existing private capital advisory team and London-based Campbell Lutyens will merge to create a [...]

  • Citadel founder questions understanding of private credit risks 

    April 29, 2026

    Hedge fund billionaire Ken Griffin has questioned whether wealthy individuals understand the risks that come with investing in private credit, as the industry wobbles under pressure from investors looking to pull money out. Griffin, who founded $67bn hedge fund Citadel and trading firm Citadel Securities, is the latest in a string of high-profile financial leaders [...]

  • Semi-liquid vehicles set to surpass $3 trillion as more retail investors enter the market

    April 20, 2026

    Wealth managers and private market fund managers anticipate semi-liquid assets under management to rocket over the next four years, as more retail investors tap into the market. Assets under management (AUM) held in semi-liquid vehicles is expected to exceed $3 trillion (£2.2 trillion) in 2030, according to Carne Group, with the market nearly tripling between [...]

  • Bill Ackman in talks to launch fund in bid to pounce on investor complacency

    April 9, 2026

    Bill Ackman is reportedly in talks to launch a new fund in an attempt to copy the success of doomsday trades the investor made during the covid pandemic. The billionaire hedge fund manager’s investment company Pershing Square would use the fund to make “asymmetric” trades aimed at profiting by betting against the leading market narratives, [...]

  • Blue Owl Capital outlook cut to negative amid private credit woes

    April 8, 2026

    The outlook on Blue Owl Capital’s flagship fund has been downgraded to negative by a leading ratings firm in the latest blow to the industry as it continues to be plagued by investors pulling money from funds. Moody’s Ratings changed its outlook from stable to negative after “significantly higher-than-peer redemption requests in the first financial [...]

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