FCA finally confirms that investment companies will fall under consumer composite investments (CCI) rules but will have the flexibility to disclose their costs fairly and in line with other fund types. Is this a turning point for the sector? ⁦

A thorough overview of NextEnergy Solar Fund #NESF flags its double-digit discount & dividend yield & eventually covers its high debt and strategic review.

“both the S&P 500 and the price of gold have entered explosive territory in recent months,” the Bank for International Settlements said, adding that the rare bubble would be expected to end in a crash. ⁦@BIS_org⁩. https://t.co/mUiewA03RJ

Warren Buffett��s investment protégé Todd Combs is to leave Berkshire Hathaway & join JPMorgan Chase to run bank's new investment group which as part of its wider "security and resilience" initiative will oversee $1.5tn financing of US supply chains & technology capacity.

A filing revealed $108.4bn hostile counter-bid for Warner Bros Discovery by David Ellison’s Paramount Skydance is backed by funders inc Affinity Partners, founded by Trump’s son-in-law Jared Kushner; & Saudi Arabia & Qatar’s sovereign wealth funds.

I see @elonmusk has dismissed these SpaceX reports as “inaccurate”. #EWI up 2.5% today but that’s probably related to discount narrowing caused by last week’s merger agreement with #USA that Saba blocked. #USA up just 0.5%.

The National Energy System Operator is informing developers of thousands of proposed power plants today on whether or not they have survived a cull of “zombie” projects that were clogging up the queue to connect to Britain’s power networks. https://t.co/6ny7TEuBwL

Good news for #EWI and #USA which hold SpaceX as their top position. Elon Musk’s rocket maker in talks with investors on a share sale that would value it at $800bn, leapfrogging Sam Altman’s OpenAI to become the world’s most valuable start-up @FT.

“Over the last 3yrs the investment trust universe has shrunk from 310 to 240, & it appears that we are converging on 200 in the next 6-12 months. @PeelHunt analyst @LeathamAnthony predicts more M&A in London-listed funds in Saba piece @hosking@thetimes. https://t.co/OpPAC3IE50

Augmentum Fintech #AUGM rallied 10% after interims flagged its £147m market value at 30 Sept was exceeded by top four positions plus cash. This meant remaining 23 companies in portfolio were in for free, despite accounting for £125m of net asset value.

Activist investor Independent Franchise Partners (IFP) has built up a 5.8% stake in Rightmove #RMV worth £250m, becoming its third-biggest shareholder after the property portal warned its profit growth will slow next year because of investment in AI.

⁦@TheFCA⁩ to unveil “bumper” package to promote UK investment culture this week but the plans are hardly revolutionary & include “targeted support” or recommendations, fewer routine “your capital is risk” warnings & redefining “professional” investor https://t.co/zMkIM3CNAQ

Donald Trump’s administration says Europe faces ‘civilisational erasure’ within 2 decades as result of migration & EU integration, arguing in National Security Strategy document that US must ‘cultivate resistance’ inc backing nationalist far-right parties.

Ocado to get $350m compensation from US partner Kroger which retreated from robotic warehouse deal & pulled another. John Hudson, fund manager @Premier_Miton, which has shorted #OCDO, said “If you were a potential partner going forward, you might rethink.” https://t.co/zV1dpXtFs5

The Times says there were unconfirmed reports that Paramount, which started bidding war for Warner Bros Discovery that saw its shares soar 163% in 6mths, was mulling a hostile takeover bid to prevent Netflix from buying its film & tv studios for $83bn. https://t.co/9Hmc5fZfKd

Wall Street banks expect US stocks to post another year of double-digit gains in 2026, defying recent investor jitters over Big Tech companies’ huge spending plans and a potential bubble in the artificial intelligence sector https://t.co/oPTjTNpBml

Savers pulled a record £6.6bn from stock market funds in the two months ahead of the Budget as uncertainty ‘played havoc’ according ⁦@CalastoneLtd⁩ data.

Warner Bros in exclusive talks with Netflix about studio and streaming sale

AJ Bell boss Michael Summersgill slams charge on interest paid on cash in stocks & shares ISAs as deterrent to would-be investors: “It’s basically a tax which is unprecedented. Nobody’s ever done that before & I see that as incredibly unhelpful complexity”

UK’s financial regulator ⁦@TheFCA⁩ has decided not to immediately investigate Rachel Reeves & Treasury over pre-budget briefings but left door open for examination of what Conservatives claimed amounted to market manipulation. ⁦@guardian⁩