Debenhams announced a £35 million capital raise to support its turnaround plan, prompting a sharp drop in its share price. The funds are intended to bolster working capital and fund strategic initiatives, though details of the investors were not disclosed.
Nscale, a provider of AI infrastructure, has secured a $1.4bn loan from private credit lenders, reflecting a shift towards private credit financing for AI-related projects. The funding will support the company's expansion and development of AI infrastructure services.

UK asset manager Schroders has agreed to be acquired by US investment firm Nuveen in a £9.9bn cash‑and‑dividend deal. The transaction will create one of the world’s largest active asset managers with about £1.8tn in assets under management and is...