Flutter is Moving off the London Stock Exchange

Flutter is pivoting its listing to New York - delisting its London listing on 31 July 2026.

Anthropic Builds Out Formidable Talent Bench

The number of ex-builders at Anthropic is increasing. These folks are working on models and the chips for training.  Names include:

Andrej Karpathy (of course, founding member of OpenAI and former Tesla AI lead)

Rahul Patil (ex Stripe CTO)

Mike Krieger (co-founder of Instagram and former CTO)

Peter Bailis (former CTO, Workday)

Clive Chan (Ex OpenAI hardware lead)

In Silicon Valley lingo - talent density is on the up.

Tate & Lyle to be Acquired by Ingredion (£2.7bn Price Tag)

Legendary sugar producer Tate & Lyle is to be acquired by Ingredion.

Tate & Lyle's revenue in 2026 was £2bn; with adjusted EBITDA at £415m; giving an adjusted EBITDA margin of 20% (better than Ingredion's at 17.5%). Part of their strategy is targeting Asia for growth.

The name Ingredion was given in 2012 as the new identity of the then "Corn Products International" focused on corn-refining.

Meta Keystroke Logging Evokes 1984

Meta announced a new tool in April to log employee keystrokes and mouseclicks to train its AI models. The tool is known as the MCI or Model Capability Initiative and Meta added that the data "was not used for any other purpose" and there are "safeguards in place to protect sensitive content". The initiative is being led by Stephane Kasriel in Meta's Superintelligence unit. The MCI is reportedly rolled out to US employees currently, with limitations around GDPR impacting potential global rollout.

Sequoia All-In on Late Stage AI

Sequoia has raised its biggest fund ever in 2026 at $7bn.  They are after AI firms that have a proven model but lack capital to scale. It's a shift in focus to execution and distribution versus early stage innovation.

Sixth Street Invests in Kpler

Sixth Street has invested $1bn in physical data and analytics intelligence firm Kpler enabling Five Arrows to exit their stake.   

Valuation is $3.85bn.

Kpler was founded in Brussels in 2014 and specialises in real-time data. It acquired Spire's maritime data business for $241m.

Kpler is based in London, has over 700 employees, and Mark Cunningham is CEO.

Vanguard S&P 500 ETF Tops $1tr in Asssts

The VOO (Vanguard S&P 500 ETF) has reached $1tr ahead of rival ETFs from State Street and iShares.