City Journal

Home of British & Global Political & Business News 🇬🇧🗞️📈

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🚨NEW: Meta launches $95 billion share sale to help finance colossal $825 billion commitment to AI spending & bankroll data centre expansion

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🚨NEW: Computacenter stock jumps over 13% after it upgraded its profit forecast for 2026 to a minimum of $574 million & a record order backlog $17 billion thanks to the data center boom

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🚨NEW: UK aerospace & defence stocks surge including Rolls-Royce (+6.1%) & BAE Systems (+4.2%) after reports emerged that the treasury plans to funnel billions into military spending through the National Wealth Fund & British Business Bank.

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🚨NEW: Chancellor John Healey will increase the minimum wage for over 21s from £12.71 to around £13.20 per hour in the budget on Wednesday.

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🚨BREAKING: Lula da Silver turns election fortunes around by winning the 2nd Round of the Brazilian Presidential Election (51.8%) beating right wing, Trump ally Flávio Bolsonaro (48.2%).

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🚨NEW: Ipsos polling Voting Map projection:

🔴Labour: 359 (-52)
🔵Conservative: 147 (+26)
🔶Liberal Democrats: 50 (-22)
🏴󠁧󠁢󠁳󠁣󠁴󠁿SNP: 31 (+22)
➡️Reform UK: 25 (+20)
⚫️Others: 8 (+2)
🏴󠁧󠁢󠁷󠁬󠁳󠁿Plaid Cymru: 7 (+3)
🟢Green: 4 (=)
🟣Restore Britain: 1 (new)

Changes w/GE2024

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🚨NEW: Latest @Ipsos Westminster Voting Intention:
(15th-22nd of October)

🔴Labour: 32% (+5)
🔵Conservative: 24% (+3)
➡️Reform UK: 20% (-3)
🔶Liberal Democrats: 9% (+1)
🟢Greens: 8% (-5)
⚫️Others: 6%

[City Journal @CJL_news]

🚨NEW: Prime Minister Andy Burnham & Chancellor John Healey are set to force through approval for drilling the Rosebank oil field in the North Sea which could produce up to 10% of all North Sea oil at peak production despite opposition from the energy secretary.

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🚨NEW: A group of investors, including KKR co-founders Henry Kravis & George Roberts, has bought a 42% stake in the Spanish football club Valencia at a valuation of $1.4 billion.

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🚨NEW: The Senate of Brazil has passed a constitutional amendment reducing the maximum weekly hours of work from 44 to 40 with no cuts to wages & guarantees 2 days of paid rest a week in huge win for President Lula ahead of the 2nd round of the Presidential election.

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🚨NEW: Barclays, the British retail & corporate banking giant is shifting away from being the house built by fixed income to focus on equities.

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🚨NEW: Man City & Arsenal draw level on points at the top of the Premier League after Aston Villa’s Nicholas Jackson bags a brace against the blues while Arsenal’s CB partnership Gabriel & Konsa score in a 2-0 win over Everton.

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🚨NEW: UK Party Voting Intentions Polling
(YoY change Oct. ‘25 to Oct. ‘26):

🔴Labour: 27% (+10)
🔵Conservative: 23% (+6)
➡️Reform UK: 21% (-10)
🔶Liberal Democrat: 11% (-4)
🟢Green: 9% (-7)
⚫️ Others: 9% (+4)

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🚨NEW: British Prime Minister Andy Burnham has announced plans to bring the Olympic & Paralympic Games back to the UK. It has allocated $9.5 million to explore the feasibility of a “Northern Olympics” bid in the 2040s.

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🚨NEW: Mike Ashley’s Frasers Group which owns Sports Direct says that Hugo Boss the German luxury brand will come a subsidiary of the UK conglomerate after it pushed its ownership stake past 50%.

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🚨NEW: Pip & Nut, Britain’s bestselling & fast-growing peanut butter brand founded in 2013 by 24-year old Pippa Murray hires bankers as it sets it’s sights on $135 million sale.

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🚨NEW: Cumberland Farms (formerly EG Group) one of the world’s biggest convenience store operators has received a $7.6 billion takeover bid from Canada-based retailer AC-T. Significantly less than a $16 billion offer made in 2022.

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🚨When did G7 Countries get their 1st elected Female Leader?

🇬🇧 United Kingdom - 1979
🇨🇦 Canada - 1993*
🇩🇪 Germany - 2005
🇮🇹 Italy - 2022
🇯🇵 Japan - 2025
🇫🇷 France - N/A
🇺🇸 United States - N/A

*not directly elected

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🚨NEW: Trump caves to pressure from within the GOP to ease tariffs on some Canadian exports ahead of the crucial Midterm elections in 10-days time.

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🚨NEW: Axel Springer, the German publishing house is cutting roles at Telegraph Media Group, the British right-wing broadsheet which it bought for $775 million in June.