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      KPMG seeks financial support from parent group in wake of audit scandal

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Retail

  • James Watt: I want to buy back Brewdog

    June 8, 2026

    Brewdog founder James Watt has revealed he wants to buy back the craft beer firm he quit years ago, as he hit out at those who blame him for its collapse. Watt recently launched a comeback designed to win over the “equity punks” who piled millions into his initial venture but saw no returns from [...]

  • Debenhams and Revolution unveil new beauty collaboration

    June 8, 2026

    Fast-fashion retailer Debenhams has formalised a royalty-based licensing partnership with Revolution Beauty to develop and distribute beauty and fragrance products across Debenhams’ brand portfolio. The first collections are expected to launch ahead of Christmas, featuring fragrance and gifting lines for PrettyLittleThing, Karen Millen, and boohooMAN. While further beauty and fragrance launches are planned across a [...]

  • As it happened: Stocks and oil recover as Iran declares end to strikes; tech rally rocks markets

    June 8, 2026

    Good morning and welcome back to the City AM liveblog. The FTSE 100 edged into the green on Monday lunchtime and US futures pointed to gains, as the markets looked to claw back early jitters caused by fresh Middle East strikes and a tech stock sell-off. An exchange of fire from Iran and Israel left [...]

  • Services industry falters as activity plummets amid Iran conflict fallout

    June 8, 2026

    The UK’s services sector’s economic activity and performance declined sharply last month as fallout from the Iran conflict continues to impact businesses, according to new figures. According to data on the latest business trends from accountancy and advisory firm BDO, a drop in sales and fragile client confidence led to a drop in the services [...]

  • As it happened: US jobs smash forecasts; Stocks in green amid cloudy US-Iran peace talks

    June 5, 2026

    Welcome back to the City AM liveblog. Speculation around a peace deal between the US and Iran is continuing to leave markets struggling for direction as hopes of an official agreement face roadblocks. A current draft ‌of a memorandum of understanding ​between ‌Iran and the ​US has ambiguities that have to ​be ⁠clarified, ⁠an adviser [...]

  • As it happened: Stocks mixed as Trump warns takes ‘two to tango’ on Iran peace

    June 4, 2026

    Good morning and welcome back to the City AM liveblog. Donald Trump has hinted a peace deal in the Middle East could come as soon as “over the weekend” in the latest back-and-forth of negotiations between the US and Iran. The President yesterday doubled down once more on his claim that Iran is set to [...]

  • Computacenter joins FTSE 100 in reshuffle as index builds tech exposure

    June 4, 2026

    The latest quarterly reshuffle of the FTSE 100 has seen Computacenter, Investec and Aberdeen promoted to the top-tier index of the City’s most valuable companies, bringing a constituent with some direct exposure to the artificial intelligence boom to the City’s most famous benchmark. Computacenter’s rise from the FTSE 250 to blue-chip status looks somewhat like [...]

  • ‘Difficult year’ for discount retailer B&M as profits fall almost a half

    June 3, 2026

    A series of updates from London-listed retailers has light on the battle for sales between online and traditional outlets, with household spending under pressure, writes Michael Hunter. FTSE 250 retailer B&M has revealed a drop of almost a half in annual profit in what it called a “difficult year”.  It was the most eye-catching piece [...]

  • As it happened: Stocks jitter on stalling US-Iran talks; OECD unemployment warning

    June 3, 2026

    Welcome back to the City AM liveblog. Markets are being pulled in countless directions from the conflicting information emerging around the conflict in the Middle East. The FTSE 100 managed to shrug off some of these jitters yesterday and secure a finish 0.3 per cent higher as the price of oil slipped. But this morning [...]

  • Freddie’s Flowers losses double after firm shuts London warehouse

    June 3, 2026

    Freddie’s Flowers has incurred a more than doubling of its pre-tax losses after the firm closed its warehouse amid an outsourcing of operations. The London-based flower subscription business, which began operations in a gazebo in the garden of a residential street, posted a pre-tax loss of £2.1m in the year to August 2025, compared to [...]

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