By: Simon Hunt

City Editor Simon Hunt is City editor at City AM, covering the economy and financial markets. He was previously business correspondent for the Evening Standard and a reporter for Bloomberg News.

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London local elections 2026: Conservatives HOLD Kensington and Chelsea

May 6, 2026

Kensington and Chelsea has been held by the Conservatives. The Tories comfortably retained the affluent borough, holding their seat count at 36. The Labour Party saw its seat count nearly halved, to seven, as the Lib Dems remained on two seats. The Green Party took one seat and one independent candidate was elected. Kensington stays Tory Kensington [...]
London local elections 2026: Who will win in the borough of Islington?

May 6, 2026

Labour’s dominance makes it almost a one-party authority here. But the Greens are on the march backing rent control after big-name infighting between the likes of Jeremy Corbyn and Keir Starmer means no shortage of political drama. At first glance, Islington Council’s composition is like North Korea’s. It is all-but a one-party authority. At the [...]
Diageo shares jump as World Cup hype helps drinks giant back to sales growth

May 6, 2026

Shares in Diageo jumped on Wednesday morning as high hopes for a high-drama World Cup has helped lift the drinks firm’s sales back into positive territory. The Guinness and Johnnie Walker maker, which has been battling a slowdown in demand for spirits, said it had seen “some benefit” of “advance sales” ahead of the start [...]
FTSE 100 Live: Stocks jump; oil dips below $100 as Trump says Iran deal close

May 6, 2026

Good morning and welcome back to the City AM liveblog. Brent crude dipped below $100 at Wednesday lunchtime after Donald Trump has hailed “great progress” towards a “final agreement” with Iran, prompting a rally in the FTSE, Asian markets and Wall Street. In a sudden reversal late last night, President Trump said he will pause [...]
Supermarket inflation: Falling oil prices help keep costs down at the till

May 6, 2026

Thank goodness for the price of oil. No, not Brent crude – the stuff that has sent costs at the pump up sharply since the outbreak of war in Iran – but cooking oil. A 500ml bottle of rapeseed oil fell by an average of 14 per cent between April and May across three supermarkets [...]
Corvera co-founder: Brits have it too comfortable

May 5, 2026

The boss of Corvera has said Brits take a too comfortable, risk-averse approach after moving his AI startup from London to San Francisco. Corvera co-founder and chief executive Christopher Kong, an Oxford graduate who launched a fast-growing vegan food range before setting up the AI business in October last year, said he found it easier [...]
‘Clear risk signal’: Gilt yields hit 28-year high as investors weigh Starmer’s future after local elections

May 5, 2026

Gilt yields have risen to their highest rate since 1998 as investors weigh the odds of Keir Starmer being ousted following what is widely expected to be a major defeat for Labour at the local elections. The yield on 30-year government bonds rose 11 basis points on Tuesday to hit 5.76 per cent, topping the [...]
Palantir revenue rockets past forecasts

May 5, 2026

Revenue at Palantir rocketed past analyst forecasts as the AI-powered firm ramped up commercial and government deals. The US tech firm posted revenue of $1.6bn (£1.2bn) in the first three months of the year, above investor expectations of $1.5bn and 85 per cent ahead of last year. The firm upped its revenue guidance to $7.6bn [...]
FTSE 100 Live: Gilt yields surge over Starmer fears; Intel, Pinterest shares rocket

May 5, 2026

Good morning and welcome back to the City AM liveblog. Gilt yields have risen to their highest rate in nearly thirty years, as markets weigh up the prospect of an ousted Keir Starmer and lurch to a more left-wing government that might follow. The yield on 30-year government bonds rose 11 basis points on Tuesday [...]
Blackstone, Saudi wealth fund collect £4m dividends from four Morrisons stores

May 4, 2026

Private equity firm Blackstone and the Saudi sovereign wealth fund have handed themselves £4m in dividends from their ownership of four Morrisons supermarket buildings. The pair acquired the sites – in Maldon, Stockport, Harrogate and Newcastle – for £110m in 2023 as part of a sale and leaseback arrangement which saw the supermarket chain sell [...]

‘We cannot regulate cyber threats away,’ top lawyer warns

Championship play-off final: Hull or Middlesbrough stand to gain £200m

Jinkx Monsoon’s Judy Garland musical proves drag is serious art

By: Simon Hunt

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