Is this you? As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.
Claim your profile
Articles by Tom Saunders
El Niño set to be wettest on record as storms soak Australia's east
This year remains on track to become Australia's wettest El Niño year on record, and the first ever with above-average national winter-spring rainfall. October has been particularly damp thanks to an ongoing outbreak of showers and thunderstorms forecast to affect more than half the country during the next seven days.
Nick Train hit by £35m exodus from flagship trust
Nick Train has been hit by a rush of withdrawals from his flagship investment trust after investors asked for £35m of their savings back. Mr Train, who co-manages the £115m Lindsell Train Investment Trust (LTIT), had offered through the trust to buy up to a fifth of shares from savers who wanted to sell up. The offer was swamped by savers looking to cash out, with the trust's investors asking to redeem nearly a third of shares.
London Stock Exchange in £2.6bn US shadow banking push
The London Stock Exchange Group is eyeing a $3.5bn (£2.6bn) deal for a private market data business as it pushes further into shadow banking. The owner of the UK's main stock exchange said it was in discussions to acquire Octus, a US financial data group that has grown rapidly in concert with the expansion of private markets . It provides information about private credit, leveraged finance and bankruptcy markets.
London Stock Exchange in £2.6bn US shadow banking push
In Pictures via Getty Images/Mike Kemp The London Stock Exchange Group is eyeing a $3.5bn (£2.6bn) deal for a private market data business as it pushes further into shadow banking. The owner of the UK's main stock exchange said it was in discussions to acquire Octus, a US financial data group that has grown rapidly in concert with the expansion of private markets. It provides information about private credit, leveraged finance and bankruptcy markets.
London Stock Exchange in £2.6bn US shadow banking push
The London Stock Exchange Group is eyeing a $3.5bn (£2.6bn) deal for a private market data business as it pushes further into shadow banking. The owner of the UK's main stock exchange said it was in discussions to acquire Octus, a US financial data group that has grown rapidly in concert with the expansion of private markets. It provides information about private credit, leveraged finance and bankruptcy markets.
London Stock Exchange in £2.6bn US shadow banking push
In Pictures via Getty Images/Mike Kemp The London Stock Exchange Group is eyeing a $3.5bn (£2.6bn) deal for a private market data business as it pushes further into shadow banking. The owner of the UK's main stock exchange said it was in discussions to acquire Octus, a US financial data group that has grown rapidly in concert with the expansion of private markets. It provides information about private credit, leveraged finance and bankruptcy markets.
London Stock Exchange in £2.6bn US shadow banking push
The London Stock Exchange Group is eyeing a $3.5bn (£2.6bn) deal for a private market data business as it pushes further into shadow banking. The London Stock Exchange Group is eyeing a $3.5bn (£2.6bn) deal for a private market data business as it pushes further into shadow banking. The owner of the UK’s main stock exchange said it was in discussions to acquire Octus, a US financial data group that has grown rapidly in concert with the expansion of private markets.
London Stock Exchange in £2.6bn US shadow banking push
In Pictures via Getty Images/Mike Kemp The London Stock Exchange Group is eyeing a $3.5bn (£2.6bn) deal for a private market data business as it pushes further into shadow banking. The owner of the UK's main stock exchange said it was in discussions to acquire Octus, a US financial data group that has grown rapidly in concert with the expansion of private markets. It provides information about private credit, leveraged finance and bankruptcy markets.
Nick Train hit by £35m exodus from flagship trust
Nick Train, the City money manager, has been hit by a rush of withdrawals from his flagship investment trust after investors asked for £35m of their savings back. Mr Train, who co-manages the £115m Lindsell Train Investment Trust (LTIT), had offered through the trust to buy up to a fifth of shares from savers who wanted to sell up. The offer was swamped by savers looking to cash out, with the trusts' investors asking to redeem nearly a third of shares.
Nick Train hit by £35m exodus from flagship trust
Nick Train was once regarded as a star fund manager but has struggled in recent years Nick Train, the City money manager, has been hit by a rush of withdrawals from his flagship investment trust after investors asked for £35m of their savings back. Mr Train, who co-manages the £115m Lindsell Train Investment Trust (LTIT), had offered through the trust to buy up to a fifth of shares from savers who wanted to sell up.
Nick Train hit by £35m exodus from flagship trust
Nick Train was once regarded as a star fund manager but has struggled in recent years Nick Train, the City money manager, has been hit by a rush of withdrawals from his flagship investment trust after investors asked for £35m of their savings back. Nick Train, the City money manager, has been hit by a rush of withdrawals from his flagship investment trust after investors asked for £35m of their savings back.
Nick Train hit by £35m exodus from flagship trust
Nick Train was once regarded as a star fund manager but has struggled in recent years Nick Train, the City money manager, has been hit by a rush of withdrawals from his flagship investment trust after investors asked for £35m of their savings back. Mr Train, who co-manages the £115m Lindsell Train Investment Trust (LTIT), had offered through the trust to buy up to a fifth of shares from savers who wanted to sell up.
Nick Train hit by £35m exodus from flagship trust
Nick Train, the City money manager, has been hit by a rush of withdrawals from his flagship investment trust after investors asked for £35m of their savings back. Mr Train, who co-manages the £115m Lindsell Train Investment Trust (LTIT), had offered through the trust to buy up to a fifth of shares from savers who wanted to sell up. The offer was swamped by savers looking to cash out, with the trusts' investors asking to redeem nearly a third of shares.
Pensions ‘superfund’ doubles in size to take on Wall Street
Britain's only pensions "superfund" is poised to double in size after striking a string of deals to acquire underfunded retirement schemes. Clara, the first of a new type of vehicle targeting defined benefit (DB) schemes, has agreed to take on the pensions of 3,300 members of Marelli UK, a global automotive parts supplier. The pensions are worth roughly £250m. It is Clara's fourth deal this year, with two more to complete before the end of 2026.
Pensions ‘superfund’ doubles in size to take on Wall Street
Britain's only pensions "superfund" is poised to double in size after striking a string of deals to acquire underfunded retirement schemes. Clara, the first of a new type of vehicle targeting defined benefit (DB) schemes, has agreed to take on the pensions of 3,300 members of Marelli UK, a global automotive parts supplier. The pensions are worth roughly £250m. It is Clara's fourth deal this year, with two more to complete before the end of 2026.
Savers lose more than £90m to Ponzi schemes
Losses from British Ponzi schemes have hit a five-year high as fraudsters use online influencers and podcasts to lure new victims. In the 12 months to June 2026, individuals reported £92.7m in losses from Ponzi schemes to Report Fraud, the UK's cybercrime and fraud reporting centre. That is the highest level in five years, up from £91.5m in 2025 and £62m the year before that, according to data disclosed under freedom-of-information laws.
Savers lose more than £90m to Ponzi schemes
Losses from British Ponzi schemes have hit a five-year high as fraudsters use online influencers and podcasts to lure new victims. In the 12 months to June 2026, individuals reported £92.7m in losses from Ponzi schemes to Report Fraud, the UK's cybercrime and fraud reporting centre. That is the highest level in five years, up from £91.5m in 2025 and £62m the year before that, according to data disclosed under freedom-of-information laws.
Savers lose more than £90m to Ponzi schemes
Losses from British Ponzi schemes have hit a five-year high as fraudsters use online influencers and podcasts to lure new victims. In the 12 months to June 2026, individuals reported £92.7m in losses from Ponzi schemes to Report Fraud, the UK's cybercrime and fraud reporting centre. That is the highest level in five years, up from £91.5m in 2025 and £62m the year before that, according to data disclosed under freedom-of-information laws.
Savers lose more than £90m to Ponzi schemes
Losses from British Ponzi schemes have hit a five-year high as fraudsters use online influencers and podcasts to lure new victims. In the 12 months to June 2026, individuals reported £92.7m in losses from Ponzi schemes to Report Fraud, the UK's cybercrime and fraud reporting centre. That is the highest level in five years, up from £91.5m in 2025 and £62m the year before that, according to data disclosed under freedom-of-information laws.
TalkTalk lenders threaten to sue over potential BT takeover
Tom Saunders, James Warrington TalkTalk's lenders are considering legal action if BT is given approval to mount a rescue deal for the struggling broadband business. Lenders have warned of a significant risk of lengthy legal proceedings if the former state monopoly swoops on TalkTalk. Ares Management is TalkTalk's biggest lender. BT has mounted an eleventh-hour attempt to take control of TalkTalk, which is scrambling to stave off a looming insolvency.
Gulf Bank eyes stake in City stockbroker
A major Gulf bank is eyeing a 20pc stake in Panmure Liberum, the City stockbroker, raising hopes of a renewed influx of Middle Eastern investment onto London equity markets. The Bank of Bahrain and Kuwait (BBK) is in talks to secure a fifth of the UK-based investment bank, valuing it at around £70m. It would be the latest change in ownership for Panmure Liberum, which was formed in 2024 from the merger of two City brokers, Panmure Gordon and Liberum.
Octopus carves up inheritance tax fund after telecoms deal falters
Investors faced weeks of uncertainty as Octopus pursued a deal to buy the wholesale arm of TalkTalk - True Images/Alamy Octopus is planning to carve up its inheritance tax fund after talks about a £300m deal with TalkTalk collapsed. Octopus Inheritance Tax Service (OITS), which has 18,000 customers, will split its fibre broadband assets from other investments, which include property and renewable energy businesses.
Issa brothers delay $9bn Wall Street float after market turmoil
The billionaire Issa brothers have delayed plans for a $9bn (£6.7bn) float of their petrol station empire after turmoil in financial markets. EG Group, now known as Cumberland Farms, was preparing to list on the US's Nasdaq stock index this month, but the Issas and co-owner TDR Capital have shelved the plan over fears the move would make less money than expected.
Natwest hit by new debanking row after shipping tycoon sues
NatWest has become embroiled in a fresh debanking row after a US tycoon accused the lender of closing his account on false grounds. Philip Adkins, an international shipping executive, claims NatWest’s private bank Coutts removed him as a customer based on inaccurate information it held about his finances. Mr Adkins’s lawyers have claimed that Coutts incorrectly put his wealth at £62m, said he owned an apartment in Hong Kong, and said he had lost half his wealth in a credit line to Goldman Sachs.
The risky private funds targeting pensioners
; ; ; Continue reading More for You ; ; ; ; Continue reading More for You
The risky private funds targeting pensioners
"[The relief] encourages fund managers to look for things that are going to be as non-volatile as possible. Nobody's investing in this because they actually think their assets are going to increase hugely in value," he says. One example is Downing, a London-based fund manager which caters to almost 8,000 investors.
Anthropic reveals record $42bn loss as it heads for stock market debut
Anthropic is on course to be the most loss-making company in history to attempt a stock market listing after documents revealed the AI giant was $42bn (£32bn) in the red last year. The Claude-maker's filing for an initial public offering (IPO) revealed the vast scale of the deficit, largely the result of the cost of training and running its advanced AI systems. It means that Anthropic is likely to have lost more money than any other company seeking to go public.
Anthropic reveals record $42bn loss as it heads for stock market debut
Tom Saunders, James Titcomb Anthropic is on course to be the most loss-making company in history to attempt a stock market listing after documents revealed the AI giant was $42bn (£32bn) in the red last year. The Claude-maker's filing for an initial public offering (IPO) revealed the vast scale of the deficit, largely the result of the cost of training and running its advanced AI systems. It means that Anthropic is likely to have lost more money than any other company seeking to go public.
Anthropic warns AI could pose ‘existential risks to humanity’
Dario Amodei's Anthropic is expected to launch the most highly valued IPO of all time - Benjamin Fanjoy/Getty Images Anthropic has warned investors that its technology could pose "existential risks to humanity" as it prepares to list on the stock market.
Lord mayor of London frontrunner quits race over criminal case at former firm Original
Tim Hailes was considered the top candidate to replace Dame Susan Langley as the next Mayor of the City of London The frontrunner to be the next lord mayor of the City of London has withdrawn from the process, citing criminal proceedings involving a former business associate.
Lord mayor frontrunner quits race ‘to protect the City’s reputation’
Tim Hailes was considered the leading candidate to replace Dame Susan Langley as the next mayor of the City of London The frontrunner to be the next lord mayor of the City of London has quit the process just a day before the election after getting wind of a criminal case at one of his former companies.
Shadow bank boss accused of £1.3bn fraud blames Barclays for collapse
The boss of a collapsed shadow bank has blamed Barclays for the lender's failure as he fights a £1.3bn fraud claim. Lawyers for Paresh Raja , who ran Market Financial Solutions (MFS), said Barclays' decision to freeze MFS's accounts in Nov 2025 was the “ultimate cause” of its collapse. Mr Raja is fighting claims from creditors who say he received more than £408m from funds managed by MFS into personal bank accounts in the UK, Monaco, Singapore and the United Arab Emirates.
UK borrowing costs close to highest level since 2007
Rising gilt yields are swallowing up the Treasury's spending budget - Jaimi Joy/Bloomberg Britain's borrowing costs are trading near their highest level since 2007 after Middle East tensions pushed oil prices above $108. Yields on 10-year gilts, which determine the price the Treasury pays to borrow money, rose by 0.04 percentage points to 5.39pc on Monday. Thirty-year gilts also rose, underlining the challenge facing John Healey as he prepares for next month's Budget.
Bust shadow bank's empty coffers spark hunt for missing £2bn
Less than £1m has been recovered from the ashes of Market Financial Solutions (MFS) as creditors chase £2.3bn owed by the collapsed shadow bank. AlixPartners, which has been carrying out the administration of MFS, has so far recovered only about £700,000 from loan book collections and the sale of computer equipment, motor vehicles and furniture. The relatively paltry sum suggests steep losses for MFS's creditors.
Legal & General to slash 1,000 jobs in cost-cutting drive
City investment giant Legal & General (L&G) is planning to slash around 1,000 jobs in a cost-cutting drive. Staff were told on Wednesday that L&G would reduce the size of its workforce, most of which is based in the UK, by around a tenth. Redundancies will initially be voluntary, but L&G is considering mandatory layoffs if too few staff members choose to leave. The move is part of broader plans by António Simões, the chief executive, to make the asset manager more efficient and simple.
Legal & General to slash 1,000 jobs in cost-cutting drive
Legal & General is seeking to improve performance and respond to increasing competitiveness in the pensions market - Martin Berry/Alamy City investment giant Legal & General (L&G) is planning to slash around 1,000 jobs in a cost-cutting drive. Staff were told on Wednesday that L&G would reduce the size of its workforce, most of which is based in the UK, by around a tenth. Redundancies will initially be voluntary, but L&G is considering mandatory layoffs if too few staff members choose to leave.
Officials on alert as TalkTalk rescue deal falters
Concerns about the future of TalkTalk have triggered emergency talks at Ofcom after a potential rescue deal was plunged into doubt. Officials at the regulator said they were “closely monitoring” developments at the telecoms provider, which has failed to raise much-needed funds via a break-up. It emerged on Thursday that a deadline to sell its wholesale arm, PXC, to Octopus Investments was missed, heightening fears about the future of the broadband supplier.
Octopus adds further block on withdrawals from inheritance tax scheme
Thousands of pensioners have been hit with a further block on withdrawing their cash from Octopus's inheritance tax scheme. The fund, which has 18,000 customers and is known as the Octopus Inheritance Tax Service (OITS) , has been frozen to redemptions since early July, meaning savers have been banned from getting their money back. Octopus was supposed to have reopened the fund either this week or next.
Octopus adds further block on withdrawals from inheritance tax scheme
Thousands of pensioners have been hit with a further block on withdrawing their cash from Octopus's inheritance tax scheme. The fund, which has 18,000 customers and is known as the Octopus Inheritance Tax Service (OITS), has been frozen to redemptions since early July, meaning savers have been banned from getting their money back. Octopus was supposed to have reopened the fund either this week or next.
Octopus adds further block on withdrawals from inheritance tax scheme
Thousands of pensioners have been hit with a further block on withdrawing their cash from Octopus’s inheritance tax scheme. The fund, which has 18,000 customers and is known as the Octopus Inheritance Tax Service (OITS), has been frozen to redemptions since early July, meaning savers have been banned from getting their money back. Octopus was supposed to have reopened the fund either this week or next.
Mirror publisher blames ‘expansionist BBC’ as it cuts 220 jobs
; ; ; Continue reading More for You Continue reading More for You
Mirror publisher blames ‘expansionist BBC’ as it cuts 220 jobs Original
Reach blamed an "expansionist BBC" as the publisher cut 220 jobs and axed three local online news sites. The media group – which owns The Mirror, The Express and hundreds of regional titles – told staff on Tuesday that it was making the cuts across its newsrooms and closing Kent Live, Aberdeen Live and Galway Beo. David Higgerson, the chief content officer of Reach, told staff in an email that "an expansionist BBC" was putting the company under strain.
Mirror publisher blames ‘expansionist BBC’ as it cuts 220 jobs
Reach blamed an “expansionist BBC” as the publisher cut 220 jobs and axed three local online news sites. The media group – which owns The Mirror, The Express and hundreds of regional titles – told staff on Tuesday that it was making the cuts across its newsrooms and closing Kent Live, Aberdeen Live and Galway Beo. David Higgerson, the chief content officer of Reach, told staff in an email that “an expansionist BBC” was putting the company under strain.
Upadek miliardera i zwolennika brexitu. Sala sądowa obnażyła jego drugą twarz
Tekst publikujemy dzięki uprzejmości "The Telegraph" Miliarder przegrał podwójnie, bo próba uchylenia dożywotniego zakazu działalności w sektorze finansowym nie tylko zakończyła się porażką, ale także ponownie skierowała uwagę na liczne oskarżenia o niewłaściwe zachowania seksualne. Pochylony nad ławą świadków Crispin Odey był ledwo słyszalny podczas przesłuchania prowadzonego przez prawniczkę brytyjskiego nadzoru finansowego.
Upadek miliardera i zwolennika brexitu. Sala sądowa obnażyła jego drugą twarz
Udostępnij artykuł Przez dekady Crispin Odey należał do najbardziej znanych i wpływowych zarządzających funduszami hedgingowymi w Wielkiej Brytanii. Zarabiał fortuny na kryzysach, trafnie przewidział załamanie finansowe z 2008 r., a po referendum brexitowym zainkasował setki milionów funtów. Dziś jego kariera w finansach praktycznie dobiegła końca. Oto lista jego występków.
Founder of collapsed shadow bank ‘gambled millions at Mayfair casinos’
Paresh Raja has been accused of 'plundering' Market Financial Solutions in order to fund a lavish lifestyle The founder of a collapsed British shadow bank spent millions in Mayfair's casinos. Paresh Raja, who led Market Financial Solutions (MFS), was a prolific gambler at two prominent Mayfair casinos, the Palm Beach Casino and the Colony Club, according to an individual familiar with Mr Raja's gambling. MFS collapsed earlier this year amid accusations of a £1.3bn fraud.
Founder of collapsed shadow bank ‘gambled millions at Mayfair casinos’
Paresh Raja has been accused of ‘plundering’ Market Financial Solutions in order to fund a lavish lifestyle The founder of a collapsed British shadow bank spent millions in Mayfair’s casinos. Paresh Raja, who led Market Financial Solutions (MFS), was a prolific gambler at two prominent Mayfair casinos, the Palm Beach Casino and the Colony Club, according to an individual familiar with Mr Raja’s gambling.
Why Australia's weather is seeing a soaking while a record El Niño is forming
El Niñois synonymous with drought in Australia, but another rainband is lining up to soak the nation this week. This follows multiple widespread soakings earlier this year, and 2026 is on track to become Australia's wettest El Niño year on record. Considering its impact on precipitation eases through spring and diminishes by summer, the country is therefore unlikely to face widespread prolonged drought.
Tesla UK sales drop as craze for Chinese rivals surges
Tesla's deliveries in the UK have fallen sharply as the popularity of the carmaker's Chinese rivals surges The electric vehicle (EV) manufacturer, led by Elon Musk, delivered just 45,239 vehicles in the UK in 2025 – a 9pc fall from 2024. Sales also fell by 6pc to £1.83bn, according to accounts for Tesla's UK subsidiary, down from £1.95bn the previous year. The drop in revenue comes on top of a 21pc revenue decline in 2024.
Burnham urged to approve North Sea gas field to secure British energy
The Conservatives and Reform UK have called on Andy Burnham to give the go-ahead to the giant Jackdaw gas reserve before a final decision on Monday. The Jackdaw field could supply 6pc of UK gas output from October – a surge that would safeguard the viability of the pipes and platforms processing gas from several neighbouring fields until around 2040.
Show More
loading
Actions
Is this you?
As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.Get in touch with Tom
Contact Tom, search articles and posts on X, monitor coverage, and track replies from one place.
Learn more about Muck Rack