Inside Celonis, the German tech unicorn that won over a fifth of the FTSE 100 June 1, 2026 For a company valued at more than $13bn (£9.58bn), Celonis remains relatively unknown in Britain. Founded in Munich in 2011, the software company has become one of Europe’s most valuable private tech firms, with customers including AstraZeneca, ASOS, BMW and the UK Cabinet Office. The UK has become one of its three largest markets globally. [...]
Brits back Blair’s growth calls – yet are squeamish over welfare cuts June 1, 2026 Most Britons back Tony Blair’s demands to prioritise cheaper energy over net zero and support the private sector to boost growth, yet are squeamish over slashing disability payments and reforming the triple lock pension, polling has shown. Following up on Tony Blair’s rallying call for potential Labour leadership contenders to focus on growth, City AM/Freshwater [...]
UK manufacturing survives Iran war impact June 1, 2026 The UK’s manufacturing sector appeared to survive the immediate impact of the Iran war in May, new data has suggested, as researchers suggested that production rose to a four-year high. S&P Global’s purchasing managers’ index (PMI) for the sector hit 53.9 in May, well above the neutrality figure of 50 and higher than April’s recording [...]
Private equity-backed Ryan triumphs in bidding for European tax adviser Svalner Atlas June 1, 2026 Private equity-based US accountancy firm Ryan has reportedly agreed to acquire European tax adviser Svalner Atlas Advisors in a deal reportedly worth $400m. Headquartered in Texas and with a presence in London, Ryan specialises in tax services and has BP and BAT among its clients. The firm was valued at about $7bn earlier this year, [...]
Iran war triggers slump in selfies, ME Group warns June 1, 2026 Europe’s biggest photobooth operator has warned of a slump in selfies amid the fallout from the war in Iran. London-listed ME Group, which operates the Photo.me network of over 30,000 booths as well as an events selfie business, has reported a revenue decline as much as 17 per cent in the month of April alone, [...]
Easyjet fires back at ‘highly opportunistic timing’ as Castlelake weighs takeover bid June 1, 2026 Easyjet has fired back at speculation of a takeover, after reports emerged that private credit firm Castlelake was weighing a bid. The budget airline said it notes the “highly opportunistic timing” of a potential offer as it asserted its share price is “temporarily depressed due to the current situation in the Middle East and its [...]
As it happened: FTSE 100 plunges as Iran pulls out of US peace talks; Mandelson files released June 1, 2026 Good morning and welcome back to the City AM liveblog. Oil has nudged a touch higher to $93 per barrel this morning as uncertainty continues to cloud any prospect of a peace deal in the Middle East. The latest peace proposal between the US and Iran was said last week to be awaiting on the [...]
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 [...]
City policy chairman: 10 years on from Brexit, the UK still needs the EU June 1, 2026 The impact of Brexit on the City has been more nuanced than many predicted, but the fundamental reality endures: we still need each other.
Trump yet to make ‘final determination’ on Iran war despite discussions May 30, 2026 US president Donald Trump is yet to make his ‘final determination’ on the war in Iran, despite holding a meeting with advisers on Friday to reach a decision on extending the ceasefire. Trump is yet to decide whether to move forward with a deal to extend the Iran ceasefire and reopen the Strait of Hormuz, [...]