Hugo Boss urges investors to reject £1.7bn bid from Mike Ashley’s Frasers July 9, 2026 Hugo Boss has urged its investors to reject the “inadequate” £1.7bn takeover tabled by Mike Ashley’s Frasers Group. The retail giant behind Sports Direct and House of Fraser currently owns around 26 per cent of Hugo Boss but launched a move to take full control last month. The FTSE 250 group, which was founded by [...]
Manchester United issue major stadium update for ‘New Trafford’ July 9, 2026 Manchester United has issued a stadium update after being forced into some changes surrounding their New Trafford site. The new Old Trafford will sit approximately 350 metres north-west of the existing 74,000-capacity stadium, it was confirmed on Thursday, after the club said that it had snapped up a new 25-acre plot of land for their [...]
Fifa hits back at Trump and Egypt over refereeing bias claims July 9, 2026 Fifa’s referees’ chief Pierluigi Collina has hit back at critics of officiating at the World Cup after President Trump and the Egypt team made allegations of bias. Trump said Raphael Claus, the Brazilian ref who sent off USA’s Folarin Balogun, “was a little bit suspect” and later claimed his pressure had resulted in Fifa suspending [...]
Rolls-Royce shares rise as Burnham pledges investment in British defence July 9, 2026 Shares in London-listed defence firms including Rolls-Royce and Babcock rose on Thursday morning after Prime Minister-to-be Andy Burnham pledged to drive investment into Britain’s defence industry. The Makerfield MP said strengthening Britain’s defence will be his “first priority” if he enters Number 10 – as he is expected to later this month – but insisted [...]
Prologis ramps up pressure on FTSE 100 property giant Segro July 9, 2026 US real estate giant Prologis has called on shareholders in FTSE 100 rival Segro to engage with its £12.6bn takeover bid, arguing the deal offers a “substantial upfront premium” and access to a larger global footprint of data centres. Prologis, a real estate investment trust (REIT) based in San Francisco, claimed that “constructive engagement… remains [...]
Workspace urges investors to block ‘destructive’ Saba proposals July 9, 2026 Flexible office provider Workspace has called on investors to block “destructive” attempts by notorious activist investor Saba to force a sell-off of its properties. The FTSE 250 firm issued a plea to shareholders on Thursday urging them to vote against each of the proposals submitted by the New York-based hedge fund to its annual general [...]
Ed Warner: Why I’m optimistic about the future for Sussex Cricket July 9, 2026 ‘What will you do about your blog?’ was one question at interview, repeated a number of times since I was announced as the chair of Sussex Cricket last week. What of my trenchant criticisms of cricket’s leadership, the sport’s confused calendar and the divide between its haves and have nots? For now, this column and [...]
As it happened: Stocks fall as oil creeps up; Trump to ‘finish job’ in Iran July 9, 2026 Welcome back to the City AM liveblog. The escalation of the conflict in the Middle East has wiped out the recovery across global markets that had slowly took place over the last few weeks. The US and Iran exchanged further fire overnight, with America’s central command stating it had hit around 90 Iranian targets in [...]
Hacking scandal? Inside Prince Harry’s costly legal battle over privacy July 9, 2026 The phone hacking scandal, which first emerged 15 years ago, has cost the owners of Britain’s most prominent newspapers over a billion pounds in legal damages, keeping law firms and the courts busy for more than a decade, writes Maria Ward-Brennan. The phone hacking saga returned to the headlines in spectacular style this week after [...]
If Burnham wants growth he’ll have to save the City July 9, 2026 Quite the roll call: Beazley, Tate & Lyle, Intertek, Schroders, easyjet. Companies abandon their public listing for their own reasons but the cumulative impact cannot be ignored and, given the dearth of any substantial new entrants, it cannot be dismissed as the healthy churn of dynamic capital markets. Far from it. A typically punchy note [...]