Blackstone, Saudi wealth fund collect £4m dividends from four Morrisons stores May 4, 2026 Private equity firm Blackstone and the Saudi sovereign wealth fund have handed themselves £4m in dividends from their ownership of four Morrisons supermarket buildings. The pair acquired the sites – in Maldon, Stockport, Harrogate and Newcastle – for £110m in 2023 as part of a sale and leaseback arrangement which saw the supermarket chain sell [...]
ECB inflation survey points to sharp surge in prices May 4, 2026 Major increase identified in ECB’s longstanding expert study, but hopes it will be short lived depend on Iran war ending Timely insight into inflation flashed across traders screens on Monday from the European Central Bank, as rising oil prices were back at the top of the agenda with tensions spiking higher in the Gulf. The [...]
Kospi nears record 7,000 as Samsung family pay off huge inheritance tax bill May 4, 2026 South Korea’s Kospi breached the 6,900 mark for the first time on Monday, after a record rally in semiconductor stocks and the family behind tech giant Samsung paid off its inheritance tax bill. The index surged 5.1 per cent during Monday trading, closing 6,936.9 points, creeping closer to breaking the 7,000 mark after rallies by [...]
Dragon Soop owners hand themselves £4.3m dividend after profit rise May 4, 2026 The owners of Dragon Soop have handed themselves a dividend of £4.3m after the drinks brand toasted a rise in profit. Corinthian Brands, which is based in Knaresbrook and is owned by Paul Burton and John Hibberd, posted profit of just under £5m for 2025, a rise of 2.3 per cent on the previous year. [...]
European carmakers slam on the brakes after Trump tariff shock May 4, 2026 Volkswagen reveals €4bn hit even before Washington threats to tear up the Turnberry Deal’s pledge on car import tax Shares in European carmakers were stuck in reverse on Monday, after the sector became the latest to be caught up in threats into the weekend from US President Donald Trump. The White House announced fresh plans [...]
Gilt traders fear Labour electoral losses May 4, 2026 A widespread defeat for Labour in Thursday’s regional elections could trigger a “swing to the left politically” investors have warned, putting further pressure on government borrowing costs that are already at their highest levels since the financial crisis. Polling has suggested Labour is set to lose over 1,000 seats to other parties, including leftwing Green [...]
Ascot quits Racecourse Association as Jockey Club sets ultimatum May 4, 2026 Ascot chiefs have quit the Racecourse Association after the industry body failed to resolve “structural governance concerns” to its satisfaction. The Jockey Club, Ascot, Goodwood, Newbury and York racecourses wrote to the RCA to demand changes earlier this year. The Jockey Club has given the RCA more time to deliver reforms but Ascot has served [...]
Trump turmoil sends oil prices back toward multi-year peak May 4, 2026 Iran hits back at president’s ‘Operation Freedom’ pledge for safe passage through the Strait of Hormuz; Brent up over 5 per cent to $114 a barrel The main international oil price surged back toward multi-year highs on Monday, as US President Donald Trump’s pledge to get tanker traffic moving through the Strait of Hormuz was [...]
UK carbon markets stand to get an AI boost May 4, 2026 The connection between AI growth and carbon market demand is one the UK is well positioned to act on, writes Chris Hayward.
Gamestop makes $56bn play for Ebay to take fight to Amazon May 4, 2026 Video game retailer Gamestop has made an unsolicited bid for e-commerce site Ebay in a bid to take the fight to Amazon. The world’s largest brick-and-mortar entertainment software retailer has made an offer to snap up Ebay that values the platform at $125 a share – a $20 premium on the stock’s closing price in [...]