Cadillac F1 forced to fix phone ‘issue’ to satisfy FIA cost cap protocol May 11, 2026 It can be hard getting up to speed when you are the newest team on the grid in Formula 1, as Cadillac bosses have found. The US team, who joined F1 this year, are yet to win a point in their first four races – and off the track they have experienced the odd hiccup [...]
As it happened – Starmer fights for premiership in make-or-break speech May 11, 2026 Welcome back to the City AM liveblog. Sir Keir Starmer will deliver a speech to the nation this morning as rivals circle whilst his premiership hangs in the balance. The Prime Minister is expected to set out his response to the disastrous local elections, where Labour lost 1,496 seats. The losses came as Nigel Farage’s [...]
From the ashes of the Great Fire, London’s insurance industry was born May 11, 2026 London is not only the birthplace of modern insurance, but the world's leading reinsurance market. Let's celebrate it, says Susan Langley.
London to be hit hardest as jobs market struggles through 2026 May 11, 2026 The jobs market is set to worsen throughout the year, with UK employment forecast to suffer a net loss of 163,000 jobs. That’s according to research from the ITEM Club, which has found that London is set to bear the largest absolute decline, shedding an estimated 25,000 positions as its retail and hospitality sectors slow. [...]
Government targets £99bn in Australian investment in major projects May 11, 2026 The government is looking Down Under to bankroll major infrastructure projects, as it aims to raise £99bn in Australian pension investment the next decade. Investment minister Lord Stockwood is touring Australia, Malaysia and Singapore this week as he positions the UK as the most “trusted, stable and connected” destination for funds in the region. The [...]
Tories pledge to slash tax and red tape in ‘alternative King’s Speech’ May 10, 2026 The Tories have set out their vision for the UK economy, pledging to slash taxes and red tape to “back innovation, entrepreneurship and growth”. Kemi Badenoch’s party has said it would slash welfare spending, scrap business rates for high street business and repeal Labour’s workers’ rights reforms. The Conservatives have published their “alternative King’s Speech,” [...]
Rayner tells Starmer: Let Burnham back and end ‘toxic culture’ May 10, 2026 Angela Rayner has accused Sir Keir Starmer of a “toxic culture” in in the wake of Labour’s devastating local election defeat, criticising the Prime Minister for blocking Andy Burnham’s return to Westminster. The intervention ramps up the heat on Starmer, whose position was left looking increasingly perilous on Sunday after around 40 Labour MPs called [...]
Investors urge FTSE-100 Intertek to resist takeover pressure May 10, 2026 Major shareholders in FTSE 100 giant Intertek are urging the firm to hold its nerve as a Swedish private equity firm circles. Investors in the quality assurance and product testing business who account for close to £300m of the firm’s value told City AM it is undervalued by the latest offer, which stands at £8.9bn [...]
WH Smith made only £10m from sale of 500 stores May 10, 2026 Retail giant WH Smith made just £10m from the sale of its 480 high street stores to a private equity firm after already slashing its asking price. Private equity firm Modella Capital bought WH Smith’s high street locations in a £42m deal last year but is poised to launch an emergency restructuring as the stores [...]
P&O Ferries hikes prices as Iran war puts holidays on brink May 10, 2026 Leading ferry operator P&O Ferries is saddling holidaymakers with up to £50 surcharges as the Iran war threatens to derail Brits’ summer holidays. P&O, which is owned by Dubai-based DP World, has said it will impose one-way surcharges of £27 per vehicle for its route between Hull and Rotterdam, meaning passengers will pay £54 more [...]