It’s not summer, but it might be spring

Private markets think UK-listed businesses are undervalued, even with the FTSE100 at an all-time high. Helped by a strong USD.

There's a valuation difference between the US and Europe through every stage, from start-up to publicly listed.

Credit to Andy Silvester and…

Some immediate thoughts in City A.M. on Darktrace going private

tl;dr: this one really, really matters

cityam.com/darktrace-leav…

Signs the housing market isn't working for young buyers: flats for less than HALF A MILLION ENGLISH POUNDS are worthy of a picture series

🚨BREAKING 🚨
American private equity firm Thoma Bravo has struck a $5.3bn (£4.3bn) deal to buy British cyber security company Darktrace in an all-cash transaction.

cityam.com/american-priva…

Mining giant Anglo American has rejected BHP Group’s £31.1bn proposal after concluding the plan would undervalue its future prospects.

cityam.com/anglo-american…

Britain’s Reform UK party does not exist. It’s fake. Made up. A bogeyman to scare Tory MPs and make them go to bed on time economist.com/britain/2024/0…

He’s using Eminem as a boo shield

Extraordinary

The combination of cancel culture, social media and deepfakes is going to be the most wild of rides

fellas are you serious. i work in the same building as you.

Alexa, play the Mission Impossible theme tune, we're cracking down on corporate jargon.

This week, City A.M. tackles 'the mission', used by those who have convinced themselves working the 9-5 provides the same high stakes as working at MI5
cityam.com/worst-corporat…

Labour has drawn up a 5-point plan to revive and reconceptualise Britain's high streets. But will it work?

Sam Fowles gives us his assessment

cityam.com/will-it-work-l…

Barclays shares have soared to their highest level since February 2022 after its first-quarter profit beat analysts' estimates. The bank posted an 11 per cent drop in profit as its margins narrowed and investment banking underperformed.

Via City A.M.
cityam.com/barclays-profi…

We've published a *bucketload* of good gear today but I am particularly taken with this neil bennett masterpiece - how poultry, the humble chicken, became the latest victim of bureaucracy Britain

cityam.com/chickens-the-l…

Betterhelp's ads claim *everyone* should be getting therapy.

Too often, this mantra is going unchallenged. 1/5

cityam.com/is-your-online… City A.M.

Platforms like Betterhelp are exploiting the damaging new consensus that 'everyone needs therapy'. It's only a matter of time before scandal hits, writes Lucy Kenningham

cityam.com/is-your-online…

In my column for today’s City A.M., the unfolding bidding war at Hipgnosis Songs Fund, a mysterious plan at the ICAEW to focus on - wait for it - audit quality, and a Treasury special adviser jumps out of the political frying pan into a water industry fire. cityam.com/mark-kleinman-…

Many congrats to Mauricio Alencar, nominated for a Football Writers award for this excellent piece in City AM

cityam.com/why-chelsea-ow…