Investec’s South Africa surge offsets cooling UK performance September 18, 2026 Investec doubled down on its full-year targets today after a surge in activity in South Africa helped offset a slump in the UK. The FTSE 100 lender projected earnings per share to land between 41.7p to 43.3p, a three per cent to seven per cent rise from the prior year. The growth projection was largely [...]
Nestlé vows to protect Russian operations despite Putin takeover September 18, 2026 Nestlé has vowed to protect its Russian business after Vladimir Putin placed the food giant’s operations in the country under external administration. The Swiss maker of Nescafé and Purina said on Friday it was assessing its options after a presidential decree handed control of Nestlé Russia and Nestlé Kuban to Russian firm L.E.V. Management. “Nestlé [...]
British retail sales defy forecasts with surprise August rise September 18, 2026 UK retail sales unexpectedly rose in August, defying forecasts of a decline. Despite renewed pressure from higher fuel prices, hot weather drove a strong rebound in both online shopping and department store sales. Economists had expected sales to fall 0.2 per cent but sales volumes rose 0.5 per cent during the month, reversing a 0.5 [...]
As it happened: Stocks slip as London’s rally loses momentum September 18, 2026 Welcome back to City AM‘s FTSE 100 liveblog. Stocks in London fell this morning as a three-day rally faded and erased much of the gains made following the Bank of England’s decision to hold interest rates yesterday. The FTSE 100 was trading down nearly one per cent at 12:50pm, dragged lower by falls for Shell [...]
Working from home ‘more important than pay’ among top managers September 18, 2026 Flexible working arrangements are one of the main reasons managers stay in their jobs, according to new research from the Chartered Management Institute (CMI). According to the CMI, two in five of over 1,000 managers surveyed said flexible working was one of the main reasons they have decided to stay with their current employer. Arrangements [...]
Is Henry Pollock’s biggest problem Eddie Hearn? September 18, 2026 Henry Pollock’s first few months with Eddie Hearn’s Matchroom Talent Agency has felt less like a commitment to rugby union – and reaching the heights within the sport – and more like a scattergun approach to marketing a player in a way rugby players hadn’t experienced before. Except they have. Seeing Pollock in the front [...]
HSBC to lose £17m in Brewdog collapse September 18, 2026 HSBC is set to lose out on more than £17m as part of the administration of Brewdog, the craft beer firm which was sold to a US cannabis group earlier this year. The bank is set to suffer a shortfall of £16.8m from its debts to the collapsed brewer while its Equipment Finance arm is [...]
Cristiano Ronaldo can cash in from Saudi Pro League streaming initiative September 17, 2026 The Saudi Pro League is giving Cristiano Ronaldo another way to top up his £170m salary by incentivising players to promote livestreams of matches via social media. The SPL’s “Share and Earn” initiative will allow players and influencers to share links to broadcasts of the league, whose stars also include Sadio Mane, Gabriel Martinelli and [...]
Borrowing costs fall after Bank of England ‘surprises’ markets with bond sale change September 17, 2026 The government’s borrowing costs fell on Thursday, after the Bank of England voted to hold interest rates and chose to end its long-term gilt sales in a major overhaul of its bond sale programme. The yields on both short- and long-term government bonds fell in the aftermath of the decision, as traders pared back bets [...]
Month-old Deepmind spinout nears $4bn on ‘future capability’ bet September 17, 2026 A British AI startup founded just last month by three former Google Deepmind researchers is nearing a $4bn (£2.9bn) valuation – despite having no product or website. Emulate is in advanced talks to raise as much as $700m in a seed funding round led by Index Ventures and Lightspeed Venture Partners in a deal that [...]