Deloitte and KPMG challenge PwC’s iron grip on FTSE 100 clients June 1, 2026 For the first time in nearly eight years, three of the Big Four giants, Deloitte, KPMG and PwC, are locked in a dead heat for FTSE 100 client dominance. A boardroom reshuffle has loosened PwC’s iron grip on clients from London’s blue-chip index, forcing a historic three-way tie at the top of the FTSE 100 [...]
Ocado shares rocket after striking Asda home deliveries deal May 29, 2026 Supermarket giant Asda has struck a deal with Ocado for the grocery technology company to take over all home deliveries from next year, as it looks to completely overhaul its online shopping business. Ocado will “quickly replace and upgrade” Asda’s existing e-commerce structure, taking control of the supermarket’s delivery operations form stores and warehouses from [...]
As it happened: Stocks rise on Iran peace hopes; Asda and Ocado deal May 29, 2026 Good morning and welcome back to the City AM liveblog. After investors kicked into sell-off mode on Thursday amidst spiking tensions as the US and Iran exchanged strikes, attention is quickly turning back to hopes of a peace deal this morning. US and Iranian negotiators are reported to have reached an agreement on a 60-day [...]
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 [...]
Not just for lockdown: Pets at Home adapts to life after pet-buying boom May 27, 2026 Are pets for life, or just for lockdown? James Bailey, the new boss of Pets and Home, will be hoping it’s the former but the company faces a challenge in finding sustained growth without the influx of demand that came during the pandemic. Embarking on its turnaround – led by Bailey, a former Waitrose boss [...]
Hollywood Bowl boss: ‘Incredibly painful’ tax hikes make it harder to hire May 27, 2026 The boss of Hollywood Bowl has hit out at Labour’s “incredibly painful” hikes to national insurance and the minimum wage for making it harder to employ workers. Stephen Burns, chief executive of the UK’s largest tenpin bowling operator, told City AM that Labour policy has made it “significantly more expensive to employ somebody than it [...]
Hollywood Bowl strikes share boom to defy consumer spending fears May 27, 2026 Hollywood Bowl shares have rocketed after the firm said Brits are prioritising nights out to the bowling alley over going shopping as they cut down on non-essential spending. The UK’s largest tenpin bowling operator said it has seen a “robust” performance even as consumer confidence plummets amid the Iran war, sending its share price up [...]
Pets at Home hails ‘better momentum’ despite profit slip May 27, 2026 Pets at Home has hailed “better momentum” in its bit to return to growth, as profit and revenue fell again while its turnaround remains in its early stages. The FTSE 250 pet supplies retailer and veterinary group saw profit before tax dip by 28 per cent to £86.5m, while group revenue fell by one per [...]
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 [...]