Vistry shares plummet as housebuilder pauses buyback and warns on inflation May 13, 2026 Shares in leading housebuilder Vistry have plummeted on Wednesday’s market open, after it warned of a “significant” profit hit and said the Iran war is spiking building costs. The housebuilding firm was the biggest faller on the FTSE 250 as its share price fell 11.5 per cent to 288p, leaving the stock down more than [...]
Man City Women’s MD on Bunny Shaw, WSL salaries and new £10m investment May 13, 2026 Manchester City Women’s managing director Charlotte O’Neill says contract talks with star striker Khadija Shaw are “ongoing” and insists WSL clubs can match world-leading salaries. Bunny Shaw, as the Jamaica international is better known, is out of contract at the newly-crowned WSL champions this summer and is wanted by rivals Chelsea. But O’Neill told City [...]
Babcock shares shrug off profit drop after £140m hit May 13, 2026 Defence giant Babcock took a £140m hit in the last financial year, which helped drag down the blue-chip firm’s profit growth. The FTSE 100 company recorded revenue of £5.3bn, marking 10 per cent growth compared to the previous financial year. It also announced another round of bumper returns with a £200m share buyback. It came [...]
‘Languishing share price’: CVS under pressure to turn around performance from activist investor May 13, 2026 One of the UK’s largest veterinary groups is facing increased pressure from an activist hedge fund to improve its performance after competition regulators concluded a probe into high prices in the sector. Canada-based Converium Capital, which holds a two per cent stake in the FTSE 250 group, threatened to rally shareholders to nominate directors to [...]
Intertek to bow to pressure on £10bn private equity takeover May 13, 2026 FTSE 100 giant Intertek is poised to accept a £10bn takeover offer from a Swedish private equity firm after months of uncertainty, in what would be a huge blow to the London Stock Exchange. The testing and quality assurance firm said on Wednesday morning that it “would be minded” to recommend the latest offer from [...]
Government urged to accelerate review of ‘disruptive’ EV sales targets May 13, 2026 A leading London-listed car dealership has called on the government to speed up its review of electric vehicle sales targets, which it said “disrupts” the car sales market. AIM-listed Vertu Motors has said the Zero Emission Vehicle (ZEV) mandate scheme is hitting its profits and “distorting” its volumes and margins. The scheme was brought in [...]
JP Morgan chief threatens to pull £3bn investment if Labour becomes ‘hostile to banks’ May 13, 2026 The chief executive of JP Morgan has threatened to pull a major investment from the UK if Labour government policy turns “hostile to banks”. Jamie Dimon – the influential American banker – revealed plans for a £3bn square feet tower in Canary Wharf last year, which is projected to inject as much as £10bn over [...]
Burberry hopes for boost from its bet on British May 13, 2026 Burberry approaches its crucial full-year results amid a drastic turnaround. Felix Armstrong unpacks what analysts and investors will be expecting from the FTSE 100 fashion house Is there anything more British than Olivia Colman serving fish and chips? The minds behind Burberry’s turnaround – and a recent ad campaign starring the actress – will be [...]
As it happened: Market jitters as Streeting set to make bid against Starmer May 13, 2026 Good morning and welcome back to the City AM liveblog. UK borrowing costs are taking a modest breathe this morning after settling much higher yesterday after a session jam-packed with political turmoil. The 10-year yield on UK gilts spiked ten basis points to over 5.1 per cent on Tuesday. Meanwhile, the 30-year yield soared to [...]
Arsenal in talks with architects Populous over Emirates expansion May 13, 2026 Arsenal are in talks with Populous, the architects behind the original Emirates Stadium design, as they weigh up how best to expand their 60,000-seater home. Sources familiar with the process insist that all options remain on the table, from major works that would likely require a temporary a move away from the Emirates, to smaller [...]