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 [...]
Diageo shares jump as World Cup hype helps drinks giant back to sales growth May 6, 2026 Shares in Diageo jumped on Wednesday morning as high hopes for a high-drama World Cup has helped lift the drinks firm’s sales back into positive territory. The Guinness and Johnnie Walker maker, which has been battling a slowdown in demand for spirits, said it had seen “some benefit” of “advance sales” ahead of the start [...]
Santander to axe TSB from British high street ending 215 year run May 6, 2026 Santander plans to erase the TSB brand from Britain’s high streets after more than two centuries, just one week after completing its takeover over the UK lender. The Spanish bank is gearing up to drop the brand and run the combined business as Santander UK, once the integration of the two businesses is complete, according [...]
Two million global airline seats cut as jet fuel shortage grounds travel May 6, 2026 Airlines are preparing to slash millions of seats from this month’s schedule, as the Middle East conflict and soaring jet fuel prices drive up costs ahead of the industry’s busiest travel season. Some 13,000 flights have been removed from May schedules worldwide, according to data from the aviation analytics company Cirium. Istanbul, one of the [...]
Wetherspoon issues profit warning over ‘substantial’ cost hikes May 6, 2026 JD Wetherspoon has warned it could miss profit targets over “substantial increases in costs,” as pubs brace for soaring energy and shipping prices due to the Iran war. The UK’s best-known pub chain confirmed on Tuesday that the much-feared knock-on effects from the blockage to the Strait of Hormuz have begun to hit hospitality firms. [...]