"Rachel Reeves will host the bosses of top US and UK financial firms in Downing Street on Tuesday morning, as Donald Trump begins his official state visit. The meeting, which will be jointly hosted by US Treasury secretary, Scott Bessent, will be attended by senior figures from BlackRock, Barclays and Blackstone, who will have roundtable talks with officials hoping to highlight economic cooperation between the two countries."
"That is expected to include a 100bn investment from Blackstone, the alternative asset manager known for its private equity investments and which manages about $1.2tn (880bn) worth of assets. It is due to confirm the investment out of the $500bn it is due to invest in Europe over the next decade. Sky News, which broke news of Blackstone's investment on Monday morning, said the funds would involve private equity buyouts as well as other forms of investment."
"Blackstone, which is led by Steve Schwarzman, is marking 25 years in London this year, having launched operations in the City in 2000. The office currently employs 650 people, and has about $100bn already invested in the UK. That includes real estate investments, including a datacentre in the north of England. Schwarzman told Bloomberg in June that the UK government has been really helpful, really focused to make that happen."
Rachel Reeves will host senior executives from major US and UK financial firms at Downing Street during Donald Trump's state visit, with US Treasury secretary Scott Bessent co‑hosting. Senior figures from BlackRock, Barclays and Blackstone will join roundtable talks aimed at highlighting economic cooperation and securing further foreign investment. The state visit programme includes business events, a state banquet with tech bosses and a Chequers reception and press conference with Keir Starmer. Ministers hope investment commitments will produce positive headlines ahead of a challenging November budget. Blackstone is expected to confirm a 100bn investment from its $500bn Europe allocation, adding to roughly $100bn already invested in the UK.
Read at www.theguardian.com
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