‘Ugly moment’ for software stocks as IBM suffers biggest one-day slump in decades Tech IBM shares are poised to suffer one of their worst-ever trading days after the tech giant warned customers were diverting spending away from software and into AI infrastructure. The warning wiped more than $50bn (£37bn) from IBM’s market value, sending the stock down more than 20 per cent and putting it on course for its [...]
Takeovers aren’t the reason the London Stock Exchange is shrinking Opinion Takeovers like Schroders and Tate & Lyle grab the headlines but the far bigger problem for London is that there aren’t enough good companies arriving to replace them, says Henrik Persson There is a familiar account of London’s stock market malaise. UK listed companies are cheap and deeper-pocketed overseas buyers have noticed. Each new approach [...]
World Cup gives London restaurants and retailers Deliveroo boost Retail England’s World Cup campaign has delivered a boost for restaurants and retailers across London, with new Deliveroo data showing a sharp increase in orders during the Three Lions’ group-stage matches. Exclusive figures shared with City AM show BBQ orders more than doubled across the capital during England’s matches against Croatia, Ghana and Panama, while picnic-related [...]
Inside Arabian Falcons: The Dubai football side managed by Jonjo Shelvey July 2, 2026 Arabian Falcons have just re-signed Jonjo Shelvey as their manager, with the Dubai football team boasting off-pitch figures such as Jason Puncheon. Matt Hardy investigates Hear someone discussing Arabian Falcons and it would be easy to assume they were talking about either the Peregrine or the Saker – two heritage symbols of the Middle East [...]
Housebuilding giants hit with £4.5bn lawsuit for allegedly overcharging buyers June 30, 2026 Seven of Britain’s largest housebuilders are facing a class action lawsuit worth a potential £4.5bn in damages over allegations they overcharged 700,000 buyers of new-build properties. Mark McLaren, former parliamentary and legal affairs manager at consumer group Which?, is planning on launching the claim against FTSE 100 firms Barratt Redrow and Persimmon, FTSE 250 companies [...]
‘Great shame’: Berkeley challenges blocked Peckham development June 26, 2026 Berkeley has launched a bid to push through its 850-home development at a “run down” Peckham shopping centre, slamming the council for its “spectacular failure” to meet housing targets. The FTSE 250 housebuilder has applied for a judicial review of the planning inspectorate’s decision to block the plans, which it says wrongly put heritage concerns [...]
QEPOS Solution Ltd and DNA Payments Partner to Bring Streamlined ePOS Payments to UK Hospitality and Retail Businesses June 25, 2026 DNA Payments has partnered with QEPOS Solution Ltd (QEPOS), a UK-based ePOS software and systems provider, to offer integrated payments for hospitality and retail businesses nationwide. QEPOS has become a leading supplier for point-of-sale solutions for hospitality and retail businesses of all sizes, helping them serve customers efficiently and grow sustainably by creating a unified [...]
B&M poaches Asda exec in bid to shake off accounting blunder June 24, 2026 B&M has poached an Asda executive to replace the chief financial officer who quit over a £7m accounting blunder, as the retailer eyes a drastic turnaround. The FTSE 250 firm said on Wednesday that Atheeq Akbar, currently vice president of commercial finance at Asda, will join the firm as chief financial officer next year. B&M’s [...]
Rochester looks ready to reward punters at the Valley June 23, 2026 BETTORS at the Valley need to keep a careful eye on the local odds board when the action commences at 11.40am. With the end of the season fast closing in, and many gallopers in need of earning their corn before the long summer break, expect plenty of gambles to materialize before the gates open in [...]
Kevin Warsh tears up forward guidance on rate moves at the Fed June 17, 2026 Kevin Warsh, the chairman of the Federal Reserve, signalled a major change to how the US central bank handles the run-up to its key interest rate decisions overnight, telling investors across global markets that “we’ve dropped forward guidance”. There was concern in the City that it could mean a decline in the level of transparency over [...]