Nationwide rebel claims he was offered sweetener to drop boardroom bid July 6, 2026 A rebel Nationwide customer vying for a board seat at Britain’s biggest building society claimed it offered to help him land a directorship at another firm if he dropped his boardroom bid. James Sherwin-Smith, who is on the ballot at next week’s annual general meeting to join Nationwide’s board, told City AM he had a [...]
Britain set to miss net-zero car targets despite record electric vehicle sales July 6, 2026 Britain is set to miss its net-zero emission target for cars despite Electric vehicles (EVs) claiming a record share of the UK new car market in June, fuelled by billions of pounds in discounts. Battery EVs accounted for 30 per cent of all new cars registered last month – the highest monthly share of the [...]
Surely Gary Stevenson is smart enough to know a wealth tax won’t work? July 6, 2026 Britain's self-styled greatest inequality economist, surely Gary Stevenson knows his two per cent levy won't work, writes Damian Pudner.
Investors in Farage-backed Bitcoin venture get burnt after stock slides July 6, 2026 Brits who bought shares in a crypto venture backed by Nigel Farage have seen their investment tumble by more than a third in the space of just three months. In March, Farage threw his weight behind Stack BTC, an Aquis-listed Bitcoin firm, investing hundreds of thousands of pounds to become one of the company’s largest [...]
Construction sector cuts jobs again as house building slumps July 6, 2026 The construction industry shed jobs for the 18th consecutive month in June following “sharp declines” in house building and a slowdown in new home sales. The latest S&P Global Purchasing Manager’s Index (PMI) for the construction sector showed more cutbacks to employment with another period of “sustained job shedding”. Subcontractors were also hit by the [...]
As it happened: Stocks slide despite tech and data boost; Oil falls after OPEC+ ups output July 6, 2026 Welcome back to the City AM liveblog. Markets are dealing with a double dose of pressures to start of the new week as investors brace for a crucial earnings season in the artificial sector, whilst an increase of supply on the oil market weighs on prices. Over in Asia, stock markets slipped following a week [...]
‘Number 10 North’ is no more than a gimmick July 6, 2026 Number 10 North has been designed to attract headlines without having been put under any real scrutiny, writes Eliot Wilson.
UK investors turn to bonds as equities valuations continue to stretch July 6, 2026 UK investors piled into bonds in June, as soaring valuations in equity markets has left many investors looking to avoid heightened risk and stretched value. Bond funds attracted over £1bn of net inflows last month, making it third-strongest on record for fixed income funds, according to the latest data from Calastone. The streak came as [...]
Burnham’s high street tax plan carries £880m price tag July 6, 2026 Andy Burnham’s plans to overhaul business rates in favour of Britain’s high streets could cost around £880m a year, according to new analysis, as questions mount over how the Labour leadership frontrunner would pay for one of his first major tax reforms. Forecasts by global tax firm Ryan suggest Burnham’s proposal to expand Small Business [...]
Easyjet board reaches agreement over £5.2bn Castlelake takeover July 5, 2026 The board of Easyjet is poised to accept a takeover bid by private equity firm Castlelake, in a move that could add the airline to a growing list of blue-chip companies that have unveiled plans to quit the London Stock Exchange since the start of the year. The offer of £6.90 per share, the fifth [...]