Kospi breaks 7,000 mark as Samsung becomes trillion-dollar company May 6, 2026 South Korea’s bluechip index soared to record highs during Wednesday trading, after a rally in semiconductor stocks propelled it past the 7,000 mark. The index surged 6.4 per cent to 7,384.5 points after strong gains from heavyweights Samsung Electronics and SK Hynix. Samsung Electronics rocketed 14.4 per cent to 266,000 KRW (£134.7), with its performance [...]
The UK wants flying taxis in its skies from 2028 – will it happen? May 6, 2026 The government has pledged nearly £50 million to accelerate the rollout of flying taxis and commercial drones across the UK, with ministers targeting the first regular air taxi services as soon as 2028. The £46.5m package – delivered through the Civil Aviation Authority – has been designed to cut regulatory red tape and lay the [...]
Fermi rebuffs ousted chief’s bid to regain control of board May 6, 2026 Fermi has rebuffed a bid from its ousted chief executive to wrest back control of the data-centre giant by gaining a seat on its board. In a stock exchange filing on Wednesday, the embattled London-listed group accused its defenestrated co-founder, Toby Neugebauer, of trying to pack its board with apparatchiks to regain the reigns at [...]
AMD stock soars as AI chip demand drives quarterly results May 6, 2026 Advanced Micro Devices (AMD) sent its stock soaring after flying past Wall Street estimates for the first quarter of the year, thanks to swelling AI infrastructure demand. AMD shares rose 15 per cent after hours on Tuesday, after the Santa Clara-headquartered chipmaker reported $10.3bn revenue, up 38 per cent on the same period last year. [...]
Does a pint in London really cost £10? May 6, 2026 Recent reports of £10 pints in the capital will have caused many a punter to spit out their bitter in disbelief. Pint prices in London edge higher every year, but the once-distant prospect of paying double figures for a beer has already arrived, according to some reports. Stanley’s Rooftop Bar, perched above a four-star hotel [...]
Supermarkets round on Aldi and Lidl over ‘rigged’ system May 6, 2026 A host of leading British supermarkets have rounded on German discounters Aldi and Lidl over fears competition is being “distorted” by a “rigged” system. Sainsbury’s, Morrisons and Iceland are ramping up pressure on the competition watchdog to crack down on Aldi and Lidl’s ability to block rivals from opening new stores on nearby land. The [...]
Iran war costs Next £47m and may drive up prices May 6, 2026 Retail giant Next has said the ongoing disruption caused by the Iran War has hit it with a £47m increase in costs from climbing energy and transport prices. The FTSE 100 retail and homeware company said that the £27m increase, a sharp rise from it’s previous forecast of £15m, relates mainly to spikes in energy [...]
Boss of B&Q owner quits after poaching by Dutch supermarket May 6, 2026 Thierry Garnier, the chief executive of B&Q owner Kingfisher, has said he will step down after being poached by a Dutch-Belgian retail giant. The French businessman has helmed the FTSE 100 firm, which also owns Screwfix and home improvement brands across Europe, for nearly seven years. Garnier will become president and chief executive of Ahold [...]
Stormzy-backed Padel Social Club raises £5.5m to open three new sites May 6, 2026 Stormzy-backed Padel Social Club has raised £5.5m from new investors to open three new sites across London. It comes as the business prepares to add a total of 17 new courts at sites at the O2, in Kentish Town and Paddington this year. The fresh investment includes leading consumer investors Clark Group and Active Partners, [...]
Exclusive: OBR calculations suggest Reeves set for borrowing spree May 6, 2026 The Office for Budget Responsibility’s own calculations on the impact of a war in the Middle East suggest that Rachel Reeves is set to oversee a surge in borrowing, City AM has found. Sir Keir Starmer and Reeves have said that the government’s focus on “stability” has added protections to public finances and helped the [...]