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Business

  • Cannes 2026: Who will win the 2026 Palme d’Or?

    May 11, 2026

    Blockbusters like Once Upon a Time in Hollywood, Mad Max: Fury Road and Top Gun Maverick once graced the Cannes red carpet, but this year’s opening night film will be a French burlesque romantic comedy, The Electric Kiss. In fact, no Hollywood or British films are this year competing for the Palme d’Or. So who [...]

  • Darts: PDC aims to reel in Big Fish sponsor in multi-million-pound deal

    May 11, 2026

    Darts chiefs at the PDC are seeking a multi-million-pound deal to sponsor one of the game’s most iconic moments, the “Big Fish” checkout. The contract will guarantee a brand exposure every time someone makes a 170 checkout – the highest possible, comprising two treble 20s followed by a bullseye – at all Professional Darts Corporation [...]

  • Burges Salmon and Wexler roll out firm-wide legal AI partnership

    May 11, 2026

    Leading UK law firm Burges Salmon is rolling out a new company-wide partnership with legal tech startup Wexler to aid lawyers in litigation work, City AM can reveal.  The Bristol-headquartered legal practice said Wexler is “a reliable option” and the firm-wide partnership follows “a successful integration” of adopting Wexler in the Dispute Resolution team in [...]

  • Starmer’s Europe reset risks strangling UK AI sector with EU regulation

    May 11, 2026

    As the prime minister scrambles to save his premiership Keir Starmer has vowed to position the UK “at the heart of Europe” – but his pledge risks reigniting fears that closer EU ties could undo the UK’s AI advantage. In today’s speech, aimed at rescuing the prime minister’s position after bruising local election losses, Starmer [...]

  • Starmer to nationalise British Steel in bid to save premiership

    May 11, 2026

    Keir Starmer has promised to nationalise British Steel and prioritise closer ties with the European Union in a make or break speech to save his premiership after a bruising set of local election results. Speaking after a weekend of frenzied speculation on his future in Number 10 Downing Street, the Prime Minister rejected calls for [...]

  • UK borrowing costs storm past five per cent after Starmer warns of ‘chaos’ if ousted

    May 11, 2026

    UK government borrowing costs have stormed higher following an attempt from Prime Minister Sir Keir Starmer to shore up support after a disastrous local election result. The yield on 10-year gilts rose nearly 10 basis points to over five per cent for the second time in mere weeks. It comes after Starmer sought to defy [...]

  • Lime races SpaceX and OpenAI to IPO as revenues soar

    May 11, 2026

    Lime, the Uber-backed e-bike giant, filed for a Nasdaq listing over the weekend, joining a growing cohort of tech giants racing toward public markets this year. The Silicon-Valley based micromobility titan, known for its ubiquitous green bikes, plans to list on Nasdaq this year, following revenues jumping 29 per cent to $886.7m (£665m) in 2025, [...]

  • Eon, Hometree strike deals to snap up parts of Ovo Energy

    May 11, 2026

    Two arms of Ovo Energy have been snapped up by separate buyers, ending uncertainty over the retail energy giant’s future.   German energy firm Eon is to acquire Ovo’s retail business, creating one of the UK’s biggest energy operators with around 10m combined customers, while Ovo’s Home Services arm, including Corgi Homeplan and Homepeat, is to [...]

  • ASOS shares soar as it offloads Lichfield warehouse to M&S in £66m deal 

    May 11, 2026

     Retail giant ASOS agreed to sell one of its stock warehouses to Marks and Spencer for £66m in the latest sign of its efforts to  save money on rent and improve its financial position. The fashion retailer said the sale of the Lichfield fulfilment centre, which is expected to close by the second half of [...]

  • Drive to Survive backer buys stake in Hearns’ Matchroom empire

    May 11, 2026

    Bruin Capital, a backer of the maker of Drive to Survive and Bruno Fernandes’ agency, has bought a minority stake in multi-sport promoter Matchroom. No terms were disclosed but the deal will see the Hearn family continue to majority own and run the business, which generates most of its revenue from boxing, darts and snooker. [...]

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