GSK to acquire US biotech group for $2.2bn January 20, 2026 FTSE 100 giant GSK has reached an agreement to acquire US based biotech group Rapt Therapeutics. The deal values the company, which develops therapies for treating people with inflammatory and immunologic diseases, at $2.2bn (£1.6bn), and marks the first major deal for new GSK chief executive Luke Miels, coming just weeks after he took charge [...]
FTSE 100 and Wall St sink as EU and Trump war of words heats up January 20, 2026 The war of words between the Trump administration and Europe ramped up on Tuesday as world leaders headed for a showdown in Davos whilst global markets sunk into the red. Ursula Von der Leyen, the president of the European Commission, said the tariffs imposed on European nations due to their staunch defence of Greenland’s sovereignty [...]
Basel 3.1: New rules will make UK banking more resilient January 20, 2026 The implementation of Basel rules in the UK, published today,marks a major step forward for the banking sector, writes David Bailey.
Peter Kyle: Tariff tension could delay UK-US trade talks January 20, 2026 Donald Trump’s threat to unleash another round of tariffs on UK goods could delay work on the UK-US trade deal’s final stages, according to business secretary Peter Kyle, who branded the latest tensions “lose-lose” for Britain and America’s economies. The minister for business and trade warned the White House’s move to charge a 10 per [...]
Office demand outstrips construction as new starts plummet January 20, 2026 New London office construction starts have fallen to their lowest level since 2004, just as businesses up their demand for workspace, says Joanna Hodgson On a frosty Wednesday last week, the famed panoramic view from north London’s Alexandra Palace, featuring a host of landmarks including the Shard and HSBC Tower, had an abundance of cranes [...]
US tax consultancy faces $12bn threat, but AI could deliver $19bn in gains January 20, 2026 New research suggests AI could drive a $7bn (£5.2bn) net increase in the US tax consulting industry if firms shift focus from routine compliance to high-value advisory. The report from Source Global Research revealed that despite the potential threat to revenue, over half of all US tax services are expected to be significantly powered by [...]
Knoops to open first US store as international expansion gathers pace January 20, 2026 Knoops is gearing up to open its first US store as the chocolate drinks brand’s international expansion gathers pace. The London-based business said it will open a store in Utah in April as part of plans to have over 160 locations in the US over the next six years. Knoops, which was founded in Sussex [...]
Wise reports jump in users ahead of US dual listing January 20, 2026 Money transfer firm Wise delivered a bumper third-quarter as the UK fintech continued to lay the groundwork for its US dual listing. The payments firm recorded a 26 per cent surge in cross-border volumes to £47.4bn in its latest quarter as its customer base swelled. Wise said it now served near-11m users, up by a [...]
Trump blasts Starmer on Chagos deal in shock change of tune January 20, 2026 President Trump has attacked Keir Starmer for the UK’s giveaway of the Chagos Islands to Mauritius, even though he gave his blessing to the deal last year. In a new Truth Social post scolding the Prime Minister over the Chagos deal, which includes a shared US military base at Diego Garcia that will be leased [...]
Australian Open’s One Point Slam shows that merit still makes the best stories January 20, 2026 The Australian Open officially got under way this week, but the most talked-about moment of the year’s opening tennis slam may already be behind us. Before a ball had been struck in the main draw, a little-known tennis coach from Sydney, Jordan Smith, walked away with A$1m after winning the One Point Slam — a [...]
