Nationwide accused of picking ‘unfair fight’ with member board candidate May 28, 2026 Nationwide has been accused of picking an “unfair fight” with one of its members who has sought to clinch a seat on the building society’s board. The mutual has opted not to recommend the candidacy of James Sherwin-Smith, who is running to be the first member to take a seat on Nationwide’s board in nearly [...]
‘Enough to keep investors interested’: SSE charges up UK investment May 28, 2026 SSE hailed a record year of investment as it aims to end UK dependence on global volatile energy markets. The electricity infrastructure company invested £3.6bn in the 2025/26 financial year, up from £2.9bn the prior year, as it looks to ramp up the UK’s electricity grid and create lower energy bills. The FTSE 100 group [...]
Watchdog slaps BDO with £2m fine over serious audit failings May 28, 2026 Accountancy giant BDO and the former head of its London audit group have been slapped with sanctions by the accounting industry watchdog over its work on the construction engineering firm NMCN. The Financial Reporting Council (FRC) imposed sanctions on the firm and its former partner, Geraint Jones, for significant and serious breaches during the 2019 [...]
As it happened: Stocks plummet on latest Iran war tensions; Neets crisis a ‘human tragedy’ May 28, 2026 Good morning and welcome back to the City AM liveblog. The US and Iran are back to exchanging fire in a major blow to hopes of peace in the Middle East. Tehran struck an American airbase overnight in its retaliation for the US striking a military site that it said “posed a threat to US forces [...]
Greencore shares slide as M&S sandwich supplier counts cost of Bakkavor takeover May 27, 2026 Food manufacturer Greencore counted the cost of its mammoth deal with rival Bakkavor as integration expenses plunged the firm to a loss in the first half of the year. The FTSE 250 firm – which is a supplier to countless supermarket giants including Tesco, Sainsbury’s and M&S – was weighed down by upfront costs associated [...]
Small cap tech firm quits LSE to cut costs in latest market blow May 27, 2026 Small-cap semiconductor firm Nanoco Group is quitting the London Stock Exchange in a bid to save £700,000 a year, in the latest setback for Britain’s struggling public markets. The Manchester-based tech business said the annual costs of maintaining its listing had become too burdensome for a company of its size, as it blamed weak liquidity [...]
As it happened: US-Iran peace hopes sends oil lower; Brits handed energy price cap blow May 27, 2026 Good morning and welcome back to the City AM liveblog. Global markets were able to take the new developments in the Middle East in their stride on Tuesday amid hopes a peace deal was on the horizon. The FTSE 100 ended the day in the green and despite some choppy trading oil prices eased. This [...]
As it happened: Petrol prices surge to Iran war record as Kingfisher helps lift stocks higher May 26, 2026 Good morning and welcome back to the City AM liveblog. The City is returning from the Bank Holiday break to find the tensions in the Middle East continuing in a stalemate – or perhaps a further escalation than last week. After days of threats President Donald Trump has issued a strike on Iran, which he [...]
Trump on Iran: ‘Either a great deal or no deal’ as oil price reacts May 25, 2026 The prospect of a lasting peace deal between the US and Iran pushed the global oil price lower on Monday even as secretary of state Marco Rubio’s warned that a deal was far from done, putting a dampener on traders’ hopes. Brent Crude fell by over five per cent on Monday, taking the world’s main [...]
Businesses brace for more layoffs as redundancy warnings climb to post-Pandemic high May 22, 2026 Last year emerged as the most severe year for redundancy warnings since the height of the Covid pandemic, and early 2026 is already accelerating that trend. According to new data from the Liquidation Centre, sourced via an FOI, 2025 was the most severe year for redundancy warnings since 2020, with 315,605 jobs flagged for potential [...]