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 [...]
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 [...]
On the Beach shares slide as Brits delay booking holidays May 12, 2026 On the Beach has suffered one of its biggest-ever single-day stock selloffs amid investor fears over a slowdown in holiday bookings. Shares in the Manchester-based business plunged 17 per cent to 140p after the London-listed business said it saw a more than 12 per cent fall in sales to £52.2m for the six months to [...]
Vodafone says UK merger is ‘ahead of plan’ as boss bets on mega multi-brand strategy May 12, 2026 Vodafone said it is “building momentum” as the telecoms behemoth pushes further into the British market following its £4.3bn VodafoneThree deal and signs of stabilisation in Germany. The FTSE 100 telecoms group reported better-than-expected annual revenue of €40.4bn (£35bn) for the year to March, up from €37.4bn last year. Meanwhile, pre-tax profit slipped slighty to [...]
Compass shares jump as it shrugs off inflation concerns with profit upgrade May 11, 2026 Shares in Compass Group jumped on Monday morning as shrugged off concerns over inflation eating into its margins after upgrading its profit forecasts. The FTSE 100 catering giant, which has served meals everywhere from prisons to oil rigs, upped its profit growth estimate from 10 per cent to “above” 11 per cent for the year [...]
As it happened – Starmer fights for premiership in make-or-break speech May 11, 2026 Welcome back to the City AM liveblog. Sir Keir Starmer will deliver a speech to the nation this morning as rivals circle whilst his premiership hangs in the balance. The Prime Minister is expected to set out his response to the disastrous local elections, where Labour lost 1,496 seats. The losses came as Nigel Farage’s [...]
Paddy Power owner’s London exit fears mount as shares slide May 8, 2026 Flutter Entertainment is facing fresh scrutiny after analysts warned the gambling giant’s battered share price is effectively “pricing in zero US growth”, as fears mount over a potential full London Stock Exchange exit. The Paddy Power and FanDuel owner has come under renewed pressure after cutting guidance despite posting stronger quarterly revenues, with investors increasingly [...]
FTSE 100’s Intertek rejects sweetened £10bn bid from EQT May 8, 2026 Board of the testing firm unanimous is saying 5,800p price tag ‘undervalues’ the group FTSE 100 constituent Intertek has rejected the latest bid for the testing company from Swedish private equity firm EQT, saying the £10bn, 5,800p-per-share offer “significantly undervalues” the group. Friday’s rebuttal was the third consecutive knock-back, following previous cash offers at 5,150p [...]
Fermi rebuffs ousted chief’s bid to regain control of board May 6, 2026 Fermi has rebuffed a bid from its ousted chief executive to wrest back control of the data-centre giant by gaining a seat on its board. In a stock exchange filing on Wednesday, the embattled London-listed group accused its defenestrated co-founder, Toby Neugebauer, of trying to pack its board with apparatchiks to regain the reigns at [...]
UK manufacturing at four-year high but costs rise at pandemic pace May 1, 2026 The UK manufacturing sector broke to a four-year record in April but the constraints triggered by the Iran war threatened to upend growth prospects. The latest Purchasing Managers Index (PMI) from S&P Global put the industry’s reading at 53.7 – its best since May 2022. This marked its sixth consecutive month above the neutral 50.0 [...]