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 [...]
The UK chemicals sector is in trouble June 5, 2026 From ammonia to plastics, there can be no modern economy without a functioning chemicals industry, and Britain's is in peril.
Britain has turned its back on liberalism June 5, 2026 Britain is governed by a veto-cracy, a framework in which all progress is stalled thanks to a noisy minority, writes Julia Willemyns.
Savvy the Squirrel and ‘simpler regulation’: New City minister reaffirms Labour’s investment push June 4, 2026 The government’s new City minister has doubled down on the government’s commitment to overhaul the UK’s investment culture and encourage more Brits to enter the stock market, including its new squirrel-themed nationwide campaign. Economic Secretary to the Treasury Rachel Blake, who took over from Lucy Rigby three weeks ago, noted that “too many people have [...]
Gone for good: UK distributor behind Take That film goes bust June 4, 2026 The London-based distributor behind the Take That musical film has gone bust, City AM can reveal, in the latest sign of the intense cost pressures facing the industry. Elysian Film Group Distribution is part of the wider Elysian umbrella, founded by former Studiocanal chief Danny Perkins in 2018. FRP Advisory has been appointed as liquidators [...]
British pensions are about to bankroll the American tech revolution June 4, 2026 Pension managers owe their members returns, not national loyalty. Any pension manager who ignored potentially transformational businesses purely because they were American would rightly face scrutiny, but commercial logic isn’t the same thing as national advantage.
£4.5bn black market cigarette tax loss should be ‘a major wake-up call’ for Labour June 4, 2026 Over half of cigarettes smoked in the UK are black market and are contributing £4.5bn to the country’s tax losses – a record high – according to new analysis from KPMG and tobacco giant Philip Morris. The findings show that 1.5bn more black-market, tax-free cigarettes were consumed by UK smokers last year compared to 2024, [...]
Lex Greensill banned as company director for nine years after multi-billion-pound collapse June 4, 2026 The UK Insolvency Service has confirmed that financier Lex Greensill will face a nine-year ban from serving as a company director, after he signed a legally binding disqualification undertaking to resolve long-running enforcement proceedings just days before a scheduled High Court trial. The Insolvency Service, which opened its probe into him in 2022, filed a [...]
Martin Sorrell calls WPP ‘catatonic’ as Goldman slaps sell rating on its own client June 4, 2026 Sir Martin Sorrell spent 33 years turning WPP from a small Kent-based wire and plastics manufacturer into the world’s largest ad company. He left in 2018 following a dispute over personal conduct that he has consistently denied, and has been a vocal critic of his successors ever since. “I think they are further gone than [...]
Partners Group suffers surge in withdrawal requests and braces to cap more funds June 4, 2026 Partners Group warned that its flagship private equity fund had been hit by a flurry of requests from wealthy investors, raising concerns the Swiss firm would have to cap withdrawals, a day after doing so on a major European fund. Redemption requests at its $16bn private equity master fund reached roughly six per cent of [...]