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Does Airtel Money mark the end of London’s listing drought? Not yet | Nils Pratley

The biggest flotation in five years was a bit of a shoo-in. Let’s see what happens when overseas competition is tougher Indian billionaire’s payments firm plots biggest London flotation in years A win is a win, but we should probably contain our excitement about the biggest flotation in London for five years . Airtel Money, a payments processor that operates in 13 African countries and should be worth between £6bn and £7bn, is a welcome addition to the stock market but it would be a stretch to say the event marks a definitive change in the weather to end the listings drought. Why? Because, in a sense, Airtel Money is already here. It is a 78%-owned subsidiary of Airtel Africa, an established FTSE 100 firm with a market value of £11.3bn ultimately controlled by Bharti Enterprises under the Indian billionaire Sunil Bharti Mittal , also known for his 25% stake in BT. Continue reading...

The GuardianThe GuardianNils Pratley2h ago
  • favorable toward Airtel · 78%

Copper Erases Tariff Selloff as Shanghai Stockpiles Hit Three-Year Low

Copper closed Tuesday a hair below its all-time high, extending its winning streak to six sessions as Chinese buyers restocked ahead of back-to-back holidays and warehouse inventories in Shanghai and London kept draining. Three-month copper on the London Metal Exchange settled at $14,783 a metric ton, up 0.8%, according to Shanghai Metals Market, leaving it $92 short of the $14,875 record set Sept. 10. Comex copper for December delivery hit $6.871 a pound in New York during the session, within 2 cents of its $6.8885 record settlement from Sept.…

OilPrice.comOilPrice.comMichael Kern3h ago

‘We live in a world of extreme consumption and waste’: Magali Reus, the artist reimagining rubbish

Making vast versions of sardine tins and fishing lures, the Dutch sculptor explains how she imbues disposable objects with autonomy and meaning Midway through my conversation with Magali Reus, we are interrupted by a courier. They’ve arrived at the artist’s studio to deliver an important package – one of the final components of a sculpture being finalised for Reus’s show Swimming By Night at the Perimeter in London. The studio is filled with such sculptures, all in various stages of completion. Reus likes to take everyday, often disposable, items – pizza boxes and sardine tins among them – and recreate them on a larger-than-life scale. One of them – vast looming fish hook lures made to look like uncanny cupcake cases or severed skeletal limbs – looms nearby, resting against a studio wall. Continue reading...

The GuardianThe GuardianSam Moore5h ago

Fire in My Mouth review – Wolfe’s multimedia oratorio tells its tragic story with focus and power

Royal Festival Hall, London Marin Alsop, the Philharmonia and three outstanding choirs gave the London premiere of Wolfe’s work about the deaths of 146 workers in a New York garment factory fire in 1911 On Saturday 25 March, 1911, Greenwich Village’s Triangle Shirtwaist Factory caught fire. One hundred and forty-six garment workers – mostly recent Jewish and Italian immigrant women – died, many prevented from escaping the flames by stairwells and exits locked by the management. The disaster is the catalyst for Pulitzer-winning composer Julia Wolfe’s 2019 multimedia oratorio Fire in My Mouth : the third in her series of large-scale works drawing on the history of the American worker, and a punchy opener to the Southbank Centre’s autumn season. Continue reading...

The GuardianThe GuardianAlexandra Coghlan6h ago

Indian billionaire’s payments firm plots biggest London flotation in years

Sunil Bharti Mittal’s Airtel Money targets $9bn IPO in boost for ailing UK stock market A payments business that operates across Africa and is ultimately controlled by an Indian billionaire has announced its intention to float on the struggling London Stock Exchange . Airtel Money, the mobile money arm of Airtel Africa, is planning one of the biggest UK listings in years, in a boost for the shrinking London market that has faced a string of recent departures . Continue reading...

The GuardianThe GuardianJoanna Partridge7h ago

UK reviewing Chagos Islands deal after Trump brands it ’terrible’

LONDON — The long-delayed deal over the future of the Chagos Islands is being reviewed by the British government after Donald Trump criticized it as “terrible.” Defense Secretary Wes Streeting pledged Wednesday to work with the Trump administration to land an agreement over the Archipelago, which is home to the sensitive U.S. military base, Diego […]

POLITICO EuropePOLITICO EuropeIsabel Loubser9h ago
  • neutral toward Donald Trump · 97%

The Complex by Karan Mahajan review – a superb family saga set in Delhi

At once a grand sweep through history and a domestic novel of petty differences, this tale of corruption and betrayal is packed with drama We learn about the murder of the Chopra clan’s shifty, crude, charismatic patriarch Laxman in the opening pages of The Complex. Twenty-five years have passed, but the stain on this once-respectable Punjabi family remains. The man who did it, Laxman’s nephew Brij, has served his jail time and is about to be released. Some relatives think Brij is too dangerous, too shameful to return to the family home, but his son Mohit decides the pair will live together – and rewinds the clock to tell the story of the decades leading up to the crime. Karan Mahajan’s warmly received first two works, Family Planning and The Association of Small Bombs , explored individual lives alongside larger forces – urban development in the former, a car bomb’s traumatic aftermath in the latter. His excellent third novel has Delhi at its heart, but also visits Indian villages and cities, the American midwest and London, its short chapters flitting between different members of the Chopra family. You start by nodding in appreciation at Mahajan’s observant character portraits; before you know it you’re waist-deep in frustration, corruption and betrayal, as the book ranges through politics, faith, migration, infidelity and entrepreneurship. Continue reading...

The GuardianThe GuardianJames Smart10h ago

Booker prize 2026: ask our books team anything about this year’s contenders

This year’s shortlist for the Booker prize was announced last night. Our books editors will be logging on at 1pm to discuss this year’s nominees, from previous winners Marlon James and Douglas Stuart to debut novelist Rebecca Perry. Post your questions or discussion points now Sign in or sign up For today’s reader Q&A we’ll be discussing the newly announced shortlist for the 2026 Booker prize which was revealed last night at a discussion at London’s Southbank centre featuring this year’s judging panel : Jarvis Cocker, Mary Beard, Patricia Lockwood, Raymond Antrobus and the Guardian’s own Rebecca Liu . The panel’s final six selections for 2026 are: Continue reading...

The GuardianThe GuardianGuardian moderators (now); Justine Jordan, Charlotte Northedge and Liese Spencer (from 1pm)11h ago
  • neutral toward Booker Prize · 99%

London buses in decline? Why public transport in global cities is slowing to a crawl – visualised

As experts fear for future of UK capital’s bus network, some commuters are giving up entirely. London is not alone – with worrying implications for the poorest in society Experts warn that slower buses risk driving passengers away: research cited by Transport for London (TfL) suggests a 10% fall in speed leads to a 6% drop in demand. Passenger journeys in London have already fallen by more than 300m a year, or 16%, since 2013, despite the city’s population growing by almost a million people. Continue reading...

The GuardianThe GuardianEd Gargan, Gwyn Topham, Prina Shah, Scarlet Pestell and Ashley Kirk12h ago

Sister Group Strikes Partnership With Branded Entertainment Company Common Interest, Makes Minority Investment

Sister Group, Jane Featherstone and Elisabeth Murdoch‘s ever-growing transatlantic powerhouse, has entered the branded entertainment business by forging a strategic partnership with London-based company Common Interest, in which it has also taken a minority investment. The partnership with Common Interest, the communications and entertainment group founded by Anthony Freedman, brings together what it describes as […]

VarietyVarietyAlex Ritman13h ago