Bodycote, Gamma Communications and Capricorn Energy have all received offers to be taken private

The extent of the exodus from the London Stock Exchange has been exposed on the first trading day after the summer break as three listed firms simultaneously announced plans to depart the market.

FTSE 250 constituents Bodycote and Gamma Communications, alongside energy company Capricorn, each revealed fresh bids to be taken private with a combined takeover value exceeding £3bn.

Macclesfield-headquartered Bodycote , the largest of the trio and a London Stock Exchange member since 1972, said it had struck an agreement to be bought by US private equity house Veritas Capital in a deal valuing the business at £1.9bn.

The bid of 932p per share represents a premium of 41.4 per cent above the average price of 659.5p per share for the twelve months to May. This follows the metallurgy firm rejecting earlier approaches from Veritas and CVC.

Gamma Communications has endorsed a £1.1bn offer from UK private equity house Epiris, days after confirming it was in discussions with European buyout firm Waterland regarding a potential takeover, as reported by City AM.

Epiris said on Tuesday it had tabled an all-cash proposal for the FTSE 250 telecoms provider, at a 53 per cent premium to its shares before takeover speculation surrounding the group first surfaced several months ago. Waterland, an Irish-based dealmaking firm, had intended to swoop in on the sale of Gamma to Epris before subsequently offloading a substantial portion of the business to Giacom, a telecoms company chaired by Matthew Riley.

Its involvement had raised the prospect of yet another bidding war for a London Stock Exchange-listed firm, just weeks after Apollo fended off stiff competition from US buyout house Castlelake to acquire Apollo.

Epiris’s formal offer, arriving just one day before a Takeover Panel deadline, looks set to draw a line under months of uncertainty surrounding Gamma’s future. The telecoms giant first informed shareholders it was in discussions with Epris in May, since when it has also rebuffed approaches from Providence Equity Partners and Oakley Capital.

Separately, Capricorn Energy has struck a deal with Norwegian rival DNO worth $396m (£292m), in a transaction set to bring an end to Capricorn’s 38-year presence on the London Stock Exchange. The Scottish energy company switched its recommended offer from Genel Energy to DNO, after the Scandinavian bidder put forward a proposal $36m higher than Genel’s.

This trio of acquisitions will heap additional pressure on senior leadership at the London Stock Exchange, which has been haemorrhaging constituents at an unprecedented rate this year. Over 50 companies have now either accepted bids or are facing approaches from firms that are either privately held or quoted overseas.

London-listed stalwarts including Schroders, Beazely and Intertek have all departed the market in 2026, just as the exchange has been grappling to entice new listings in their stead.

Nvidia’s next generation of AI upscaling technology, DLSS 5, is set to launch alongside NBA 2K27 on Sept. 3, marking the technology’s first public release after months of leaked demonstrations that have drawn sharply negative reactions from gamers online.

DLSS 5 represents a significant expansion of Nvidia’s Deep Learning Super Sampling technology, moving beyond its traditional role of upscaling resolution and generating additional frames to now actively modifying character models and environmental details in pursuit of what Nvidia describes as greater photorealism. Early leaked footage of the technology applied to games including Resident Evil: Requiem and Starfield drew widespread criticism, with many players describing the AI-altered visuals as unnatural or unsettling rather than more realistic.

Speaking at a media briefing, Nvidia’s Edward Liu, director of applied deep learning research, described the broader technical challenge the company is trying to address with DLSS 5. “When we look ahead at our ultimate goal of achieving Hollywood-grade photorealism or just the real world, we’re still looking at a chasm,” Liu said. “Compared to where we started, our compute budget has increased from over 400,000 times more compute than we did before. But we’re still really orders and orders of magnitude away from really simulating the real world in real time.” According to Liu, traditional computer graphics generate images from physically based first principles, a process DLSS 5’s AI rendering is intended to help bridge alongside that conventional approach.

Liu also emphasized that DLSS 5 differs from other generative AI tools by producing more predictable, consistent results rather than variable outputs. He said the technology draws on a game’s render frame, information he described as “a lot more information dense and constrained compared to something like a text prompt,” allowing DLSS 5 to generate what he called deterministic outputs. “A fruit will stay a fruit,” Liu said. “The same character will still be the same character.” He added that higher-quality inputs, such as games running at higher resolution with ray tracing enabled, tend to produce stronger overall results from the technology.

Nvidia’s Gabriele Leon, director of real-time content technology, framed DLSS 5 as a creative tool intended to support developers rather than override their intentions. “DLSS 5 is a tool for developers and for artists […] to bring their vision closer to what they might have intended,” Leon said during the same briefing.

DLSS 5 will be available exclusively on Nvidia’s RTX 50-series graphics cards at launch, meaning owners of older GPUs will not be able to access the feature regardless of which games support it. The technology’s initial pairing with NBA 2K27 represents a more targeted use case than some of the earlier leaked demos, applying subtle additional detail to elements such as player models and crowd non-player characters rather than attempting sweeping photorealistic overhauls of entire game environments.

Coverage of the technology ahead of launch has remained skeptical about how essential DLSS 5 will prove for most gamers. Engadget’s Devindra Hardawar, who viewed remote demonstrations of the technology at Gamescom, wrote that while his initial doubts about DLSS 5 had eased somewhat after seeing more carefully applied examples, he continues to view the feature as considerably less essential than even real-time ray tracing, a resource-intensive rendering feature that itself remains difficult for most gaming hardware, including current consoles, to run smoothly at 60 frames per second. Hardawar noted that DLSS 5’s most successful demonstrations he had seen were notably subtle, adding modest depth to details like a merchant character’s face or slightly more lifelike appearances for athletes in NBA 2K27, rather than delivering the kind of dramatic visual leap Nvidia’s early ray tracing showcases once promised, even though many games ultimately fell short of matching those initial demonstrations.

Nvidia has previously attempted to introduce ambitious AI-driven gaming features that failed to gain meaningful traction among developers, including AI-powered non-player characters designed to hold dynamic conversations, a feature that drew similarly polarized reactions and saw limited adoption across the industry. Whether DLSS 5 follows a similar trajectory, or finds a more subtle, widely accepted role enhancing visual detail without altering a game’s core artistic intent, is expected to become clearer once the technology becomes broadly available to players and developers following its Sept. 3 debut alongside NBA 2K27.

A Missouri farmer is calling for greater transparency about where Americans’ beef comes from, while a Kentucky lawmaker is pushing Congress to give smaller, local meat processors more freedom to compete. 

Rep. Thomas Massie, R-Ky., joined FOX Business’ Cheryl Casone on “Mornings with Maria” to discuss rising beef prices, imported beef and his push to remove federal barriers for small meat processors.

U.S. cattle producers face continued uncertainty as debate grows over imported beef, country-of-origin labeling and domestic meat processing. (Brandon Bell / Getty Images)

“There’s only four meat processors there. Monopoly, oligarchy, if you want to call it. Some of them are foreign-owned, and they have been responsible for driving up the price of beef in the grocery store while the price of cattle remains low. You know, we’ve been talking about why people are attracted to socialism. The beef market is a good example of letting capitalism work when prices get high,” Massie said.

Massie argued that a bottleneck in meat processing is contributing to the problem and called on Congress to advance the PRIME Act, which would give states greater authority to permit the intrastate sale of meat processed at certain custom-exempt facilities without continuous federal inspection.

“If you’re a small processor, and you’re only selling within your state, you don’t need the federal government’s permission to do that transaction,” Massie said.

He also warned that bringing in additional beef from overseas could discourage American cattle producers from rebuilding their herds if they become concerned about future profitability.

Missouri farmer Andy Kapp joined FOX Business’ Grady Trimble at the Farm Progress Show in Boone, Iowa, to discuss the pressures producers are facing as costs remain elevated.

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“The economics of farming right now are tight and they continue to kind of grow that way. Current market conditions are helping, but you’ve got to be able to capture that and put a little more money in our pocket,” Kapp said.

While Kapp said he prefers buying beef locally, he argued that if more imported beef enters the U.S. market, consumers should know where it came from.

“There’s give-and-take in every market. I’m not excited that we’re bringing more imported product in, and I like to get mine local… But if we’re gonna let that happen, let’s have some country of origin labeling,” Kapp said.

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Massie also called for the return of mandatory country-of-origin labeling and urged the Senate to include the PRIME Act in its version of the farm bill.

“The Senate needs to put the PRIME Act [in],” Massie said. “That’s the real solution.”

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FAIRFAX, VT. — Runamok has updated its leadership team upon celebrating its 10-year anniversary.

The Vermont-based organic maple syrup and specialty maple products manufacturer has elevated Ashley Wainer from fractional president and chief financial officer to chief executive officer and hired Kelly Murnaghan as chief marketing officer.

The changes come as co-founders Laura and Eric Sorkin transition to strategic leadership roles, the company said.

“Ten years ago, we set out to prove maple syrup could be every bit as exciting and versatile as olive oil or craft spirits,” Eric Sorkin said. “We’ve changed the way people think about maple, but there’s still a lot more to explore. Ashley and Kelly believe maple belongs everywhere, from morning coffee to cocktails, and they have the experience to help more people find that out while keeping the craftsmanship that’s always defined this company.”

Before being elevated to CEO, Wainer was the company’s fractional president and CFO for the past three years, overseeing operations.

Wainer’s previous positions included vice president of customers and energy innovation at Vermont Gas Systems, Inc. and senior audit associate at KPMG.

Murnaghan joins the company from Shady Rays Polarized Sunglasses, where she most recently was CMO. Earlier, she was senior vice president of global marketing and consumer direct at Burton Snowboards.

The Trump administration, which struck a deal with Venezuela last week to use a substantial amount of the country’s oil, will be working with Alejandro Betancourt López as the agreement takes shape over the coming weeks.

Betancourt López, 46, is the CEO of North American Blue Energy Partners (NABEP), Venezuela’s second-largest private oil producer. 

Over the past decade, he has been investigated by multiple countries, including the United States, over alleged money laundering, according to The Washington Post. According to the outlet, the U.S. has not acted on an arrest warrant from Switzerland and has instead allowed Betancourt López to enter the country repeatedly for meetings with the Trump administration about the Venezuelan oil deal.

Betancourt López has been investigated by U.S., Swiss and Spanish authorities over his alleged role in a scheme that prosecutors say embezzled more than $1 billion from Venezuela’s state-owned oil company, PDVSA.

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A photo of Alejandro Betancourt dated Nov. 10, 2015. (Reuters / Reuters Photos)

Betancourt López has denied wrongdoing and has never been criminally charged in connection to the alleged scheme. In 2018, Abraham Edgardo Ortega, a former executive director at PDVSA, pleaded guilty in federal court to one money laundering conspiracy charge.

“Mr. Betancourt has never been charged with a crime in any jurisdiction. He is dedicated to serving the people of Venezuela by championing the country’s economic revitalization and, when helpful and appropriate, acting as an intermediary between its government and the United States,” NABEP’s general counsel, Sara Chouraqui, said in a statement to Fox News Digital.

Oil pumping hammers are seen in the oil field, painted with the colors of the Venezuelan flag on April 28, 2026, in Lagunillas, Zulia, Venezuela. (Jose Bula Urrutia/UCG/Universal Images Group via Getty Images / Getty Images)

In a statement on Monday, Betancourt celebrated the oil deal between the U.S. and Venezuela.

“Venezuela is blessed with an abundance of natural resources, hardworking people and untapped potential,” Betancourt López said in a statement on Monday. “This transaction will unleash that potential to the great benefit of both Venezuelans and Americans.”

Under the deal, the U.S. will have the right to buy 20% of the oil produced from all current and future NABEP-operated fields at the cost of production, according to the White House.

President Donald Trump during an event about drug prices in the Oval Office of the White House, on Aug. 31, 2026, in Washington, D.C. (AP Photo/Jacquelyn Martin / Associated Press)

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The agreement also gives the U.S. first dibs on purchasing the remaining 80% of NABEP’s oil production before it can be sold to other customers, allowing Washington to secure additional supplies during an energy emergency.

Without spending taxpayer money, the U.S. government received a 35% ownership stake in NABEP’s parent company through the Department of War’s Office of Strategic Capital. The company says the stake could eventually generate hundreds of billions of dollars in value and dividend payments.

The agreement also gives the U.S. government veto power over appointments to NABEP’s board of directors and requires a majority of the board’s members to be U.S. citizens.

The initial announcement did not identify NABEP or Betancourt López. President Donald Trump said Friday that the deal would greatly increase the U.S. oil supply and “substantially lower Gas Prices for all Americans, long into the future.”

Venezuela’s president, Delcy Rodríguez, publicly backed the deal as well, saying in a statement Friday that it could generate more than $200 billion in tax revenue for the country.

A man rides past an operating oil pumpjack in Cabimas, Venezuela, on Aug. 31, 2026. (AP Photo/Ariana Cubillos / Associated Press)

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NABEP, which is headquartered in Barbados, produces roughly 200,000 barrels of oil per day, according to its website. A person close to the company told The New York Times it intends to take on up to $5 billion in debt to boost output to 1 million barrels per day within five years.

Betancourt López founded NABEP in April 2024, but his involvement in Venezuela’s oil industry dates back to 2011, when he bought a stake in Petrozamora, a PDVSA joint venture that operated mature oil fields in Lake Maracaibo, according to The Times. Those fields later became the foundation of NABEP’s operations.

After the Trump administration ousted Nicolás Maduro from power in January, U.S. officials began looking for partners who would advance American interests in Venezuela, The Times reported.

Because of Betancourt López’s track record of increasing oil production in the fields his company manages, U.S. officials wanted to work with him on this public-private oil deal, according to The Times.

Customers of Ally Bank began reporting trouble accessing their online banking accounts Tuesday morning, according to outage-tracking sites, with users describing difficulty logging in and reaching account services through the company’s website and mobile app.

Outage-tracking service Downdetector logged an increase in user reports beginning around 10:27 a.m. Eastern time, according to a summary of the issue posted to the online forum DesignTAXI Community. A number of Ally customers separately took to social media to report problems accessing the bank’s services around the same time. As an internet-only bank, Ally offers checking and savings accounts, auto loans and investing services entirely online, without any physical branch locations, meaning digital access issues carry outsized significance for a customer base that has no in-person banking alternative to fall back on.

Separate outage-tracking platform DownRightNow indicated Tuesday that Ally Bank was experiencing issues, estimating that banking services typically restore within one to two hours during this type of disruption, based on the site’s historical tracking of similar incidents. Other monitoring services offered a less clear picture of the disruption’s scope. Outage tracker Outage.Report showed no incidents recorded for Ally over the preceding 12 months as of Tuesday, while still allowing users to submit real-time reports describing specific problems, including login failures, that customers experienced Tuesday.

Ally has faced periodic complaints about service reliability in the past, according to user reviews and outage reports compiled across several tracking platforms. One user review posted to outage-tracking site UpDownRadar described the bank’s mobile app being unavailable for a full week during an earlier incident, writing in frustration, “An internet only bank without a functioning app. Something is going on with Ally. They need to come clean about this issue.” Other historical reports on the same platform described repeated difficulty logging into accounts, delays in accessing investment account information, and general concerns about how frequently app outages have occurred given the bank’s fully digital service model.

For customers unable to access their accounts during outages, financial guidance published by DownRightNow outlines several available options. Because deposits at Ally Bank are insured by the Federal Deposit Insurance Corporation up to 250,000 dollars per depositor, funds remain protected regardless of any temporary access disruption. The guidance also suggests customers experiencing extended outages consider using peer-to-peer payment services such as Zelle or Venmo as a temporary workaround for urgent transactions, and notes that customers can file a complaint with the Consumer Financial Protection Bureau at consumerfinance.gov if they believe a bank’s service issues warrant regulatory attention. Customers can also verify a bank’s regulatory standing directly through the FDIC’s BankFind tool.

Ally Financial Inc., the bank’s parent company, is a United States-based financial services provider offering a broader suite of products beyond consumer banking, including auto financing, home loans and investment services, built around what the company has marketed as a customer-centric, fully digital banking platform. The company’s reliance on digital-only infrastructure, without physical branches to fall back on during technical disruptions, has made service reliability a recurring point of scrutiny among both customers and outage-tracking services whenever access issues arise.

As of this report, Ally had not issued a public statement addressing the scope, cause or expected resolution timeline for Tuesday’s reported access issues. Customers experiencing ongoing problems have been encouraged to monitor the company’s official channels directly, and to contact Ally’s customer service line, which the bank maintains around the clock specifically to assist customers with card-related and other urgent account issues during any period of technical disruption.

American Airlines will match the federal government’s $1,000 contribution to Trump Accounts for eligible employees’ children as part of a new benefit launching in 2027, the carrier confirmed to FOX Business.

The airline will make a one-time $1,000 contribution for each eligible child born between Jan. 1, 2025, and Dec. 31, 2028, who has established a Trump Account and qualifies for the federal government’s $1,000 contribution.

The match applies on a per-child basis, meaning an employee with two qualifying children could receive two $1,000 federal contributions and two additional $1,000 contributions from the airline. The benefit will be available to all U.S.-based American Airlines employees.

American will also allow eligible employees to direct up to $2,500 in pretax earnings each year into their dependent children’s Trump Accounts beginning in 2027.

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Roughly one-third of American Airlines’ workforce has children who qualify for a Trump Account. (Reuters/Sarah Meyssonnier, File / Reuters Photos)

Approximately one-third of American’s workforce has children who would qualify for a Trump Account and could therefore take advantage of the pretax contribution option, according to the airline. American did not provide an estimate of how many employees or children could qualify for the company’s $1,000 matching contribution.

American Airlines Chief People Officer Cole Brown announced the new benefit to employees Monday, telling team members the airline was looking for additional ways to help them build long-term financial security for their families.

“American will support eligible team members who choose to participate in the new Trump Accounts program by matching the federal contribution,” Brown said. “For eligible children born between 2025 and 2028 who have established a Trump Account, American will match the federal government’s one-time $1,000 contribution with an additional one-time $1,000 contribution of our own.”

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American Airlines CEO Robert Isom, left, attends an aircraft unveiling in Dallas. AA announced Monday it will match the federal government’s $1,000 contribution to Trump Accounts for eligible employees. (Juan Figueroa/The Dallas Morning News via Getty Images, File / Getty Images)

The airline said the benefit is part of a broader effort to give employees more ways to save for their children’s futures, alongside benefits including its 401(k) program, healthcare and career development resources.

Trump Accounts, also known as 530A accounts, are tax-advantaged investment accounts for children. Eligible children born between 2025 and 2028 can receive a one-time $1,000 federal contribution after an account is established.

Parents, guardians, grandparents and others can contribute up to $5,000 annually to the accounts until the year before the beneficiary turns 18, according to CNBC. The Treasury Department has also proposed regulations that would allow employees to fund dependent children’s accounts with pretax earnings directly from their paychecks.

American Airlines announced the new benefit to employees Monday. (File)

More than 50 companies have committed to contributing to Trump Accounts for their workers in some capacity, according to the U.S. Treasury Department. Goldman Sachs and Morgan Stanley are among the companies that have also offered to match the government’s $1,000 contribution, CNBC reported.

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American said it is working to implement the new benefits and plans to provide employees with additional information about how to participate in the coming weeks.

Hudson County, New Jersey, Democratic leaders are calling on Attorney General Jennifer Davenport to withdraw the state from its involvement in a lawsuit seeking to stop the merger between Paramount-Skydance and Warner Bros. Discovery.

In an op-ed published by the New Jersey Globe, Bayonne Mayor Sharon Ashe-Nadowski, Hudson County Executive Craig Guy, state Sens. Raj Mukherji, Brian Stack and Angela McKnight, in addition to state Assembly members Jerry Walker, William Sampson, Ravi Bhalla, Katie Brennan, Larry Wainstein and Gabriel Rodriguez urged Davenport to withdraw from the lawsuit, citing potential economic benefits for the state.

The officials wrote that while they trust Davenport’s independent judgment, “The extraordinary stakes for New Jersey in this matter, however, give rise to this rare but consequential disagreement.”

“New Jersey has spent years building a film and television industry capable of competing with New York, California, Georgia and production centers around the world including the U.K., attracting transformational investments from Netflix and Lionsgate,” the officials wrote. “Paramount has become a critical participant in that effort and has committed to establishing a substantial, long-term production presence in Bayonne.”

The Paramount Pictures logo is displayed on the water tower in Los Angeles, California, on Feb. 17, 2026. An aerial view of the Warner Bros. Studio lot on July 13, 2026, in Burbank, California. (Michael Yanow/NurPhoto via Getty Images; Justin Sullivan/Getty Images / Getty Images)

The group said the plan to develop 1888 Studios in Bayonne is the most consequential economic opportunity Hudson County has had in years.

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“This is the creation of an entirely new economic ecosystem and a self-sustaining creative economy in our state: careers for electricians, laborers, carpenters, stagehands, technicians, artists, and countless others; new customers for our small businesses; and, critically, accessible pathways into a growing industry for young people and working families who too often have been excluded from the prosperity being created around them. Its economic reverberations will extend well beyond the studio gates,” the Hudson County officials said.

The project would bring in roughly $1.2 billion in capital expenditures in the Paramount campus, permanent soundstages and post-production facilities in the county, as well as permanent jobs, according to the officials.

The Hudson County elected officials also raised concerns over the cost of the litigation.

Jennifer Davenport, New Jersey attorney general, speaks during a news conference in Oakland, Calif., on Tuesday, Aug. 18, 2026. Meta Platforms Inc. is headed to court over claims that it deliberately designed Facebook and Instagram to encourage compu (Bloomberg via Getty Images / Getty Images)

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“We are increasingly concerned that New Jersey taxpayer dollars are being committed to litigation whose merits appear uncertain while its potential costs to the State and to our economy continue to escalate,” they wrote. “After an exhaustive eight-month investigation involving review of more than 2 million documents, the U.S. Department of Justice concluded that the transaction was unlikely to harm competition in streaming, linear television, or theatrical film.”

They urged the attorney general to withdraw New Jersey from the coalition.

“Now that New Jersey is a party to this litigation, whether or not we might have chosen a different course at the outset, the question is how best to protect the interests of the State going forward. We respectfully urge our Attorney General to withdraw our state from this action or work toward a prompt and reasonable resolution of this matter and to be a voice of reason in the room,” they wrote.

“The State should have an exceptionally compelling reason before spending taxpayer dollars on multi-state litigation of uncertain merit that may undermine those very investments,” the county leaders added.

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New Jersey Gov. Mikie Sherrill told Fox News Digital in a statement, “We are excited to welcome Paramount to Hudson County because film is in New Jersey’s DNA — we’re Hollywood East and the only state where film shoots are up this year. New Jersey is open for film business, so we are going to keep building, keep filming, and keep making it easier for companies like Paramount to create good-paying jobs and lay down roots in the Garden State.” 

Davenport’s office told Fox News Digital they had no comment on the Hudson County officials’ opinion piece.

Davenport’s office, in a July press release, said that she was joining the coalition to challenge the merger, which included other states such as California, Colorado and New York, saying, “The proposed merger would combine two of Hollywood’s five major film distributors and two of the five major basic cable companies, extinguishing competition between Paramount and Warner Bros. and inflicting substantial harm on movie theaters, basic cable distributors, and, ultimately, consumers nationwide.”

Paramount headquarters. (Yuki Iwamura/Bloomberg via Getty Images / Getty Images)

“New Jersey is the birthplace of the American film industry, and the state is now a burgeoning hub for film and television production. Given our state’s leadership in the film and television industry, we must protect our residents when corporate media monopolies threaten to upend the industry by raising prices and reducing content choices,” Davenport said at the time.

“The proposed merger between Paramount and Warner Bros. Discovery will hurt our state’s residents, plain and simple,” she continued. “We will always stand up against corporate monopolists that seek to exploit hardworking New Jerseyans by driving up prices and turning a massive profit at their expense.”

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A drone view shows a sign for Paramount in front of the Hollywood sign in Los Angeles, California, Dec. 8, 2025. (Daniel Cole/Reuters / Reuters)

Seth Schachner, managing director of Strat Americas and former chairman of Florida’s Film & Entertainment Advisory Council, told Fox News Digital that the lawmakers have a legitimate argument.

“These lawmakers have a legitimate argument, as no one really benefits from extensive legal delays over a merger that could still go forward, albeit with asset sales,” he said. “The states’ legal case is a bit limited though, as it ignores the broader competitive reality that all locales — including New Jersey — are operating in with respect to film and TV production, as streamers like Netflix are essential parts of the case.”

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He also said the lawmakers were “not unbiased here,” as they are supportive of the commitment of Paramount’s 1888 Studios in Bayonne.

Representatives for Paramount-Skydance and California Attorney General Rob Bonta’s office were expected to meet last week to discuss a potential resolution to the lawsuit seeking to block Paramount’s $110 billion acquisition of Warner Bros. Discovery, according to reports.

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