Intertek to quit FTSE 100 after agreeing £11bn EQT takeover June 18, 2026 FTSE 100 giant Intertek has agreed to an £11bn takeover by Swedish buyout firm EQT, triggering the latest high-profile departure from the London Stock Exchange. The testing and assurance company said on Thursday that it has agreed to the £60 per share offer, valuing the deal at £9.5bn, or £10.9bn including debt. The agreement seals [...]
Halfords eyes garage growth after wheels fall off cycling boom June 18, 2026 Retail and autocentre giant Halfords will deliver its full-year results next week, hoping to deliver sustained growth after a Covid-era bike boom. Felix Armstrong profiles the FTSE stalwart Head to the very back of a Halfords store, snaking your way round the air fresheners, tents, brake fluid and torches, and you will find the bike [...]
Conservatives will slash the regulations holding the City back June 18, 2026 The reforms Kemi Badenoch announces today will see the end of ringfencing and the end of an unfair international disadvantage imposed through capital requirements set by regulators. This is only the start. We will go further, says Andrew Griffith If, like me, you left university to work in the city in the 1990s, you will [...]
An apology to Keir Starmer June 18, 2026 Footage released of the Russian-organised arsonists who attacked Keir Starmer’s North London home show they pulled off the reprehensible act by drenching a copy of a recent City AM with lighter fluid, before setting it ablaze. At City AM we like to say our paper has an impact that touches the highest levels of government. [...]
Hopes rise for decision on Heathrow’s third runway plan June 18, 2026 Hopes for full government backing this summer for Heathrow’s expansion plans were rising on Thursday, with London’s main airport operating on the brink of full capacity. A report in The Times said Prime Minister Keir Starmer’s government is moving to clear the plans before any challenge to his leadership from Andy Burnham, with voting underway in [...]
Whitbread food sales slump after revealing exit from restaurant arm June 18, 2026 Whitbread has seen food and drink sales slump after it revealed its divisive decision to sell its restaurants and pivot to a hotels-only business. The Premier Inn owner said food and drink sales fell by five per cent to £148m in the three months to the end of May, compared to a three per cent [...]
HSBC coughs up $25m over Australian scam failures June 18, 2026 HSBC has agreed to cough up just shy of $25m after admitting to failures in protecting customers in Australia from scammers. The Australian arm of Europe’s biggest lender was investigated by the watchdog over alleged “widespread and systematic failures” to shield its customers targeted by fraudsters. The Australian Securities and Investments Commission (ASIC) said it [...]
Andy Haldane: Britain after Brexit June 18, 2026 The UK economy is suffering from deep-seated psychological scarring caused by a sequence of crises, which necessitates a strategic re-imagining of the state’s role in generating growth, says Andy Haldane We are fast approaching the ten-year anniversary of Brexit – an event that is sure to leave a large and lasting scar on our economy, [...]
On this day: “God’s Banker” found dead, suicide or murder? June 18, 2026 On 18th June 1982, Roberto Calvi, a banker with close ties to both the Vatican and the Mafia was found hanged under Blackfriars Bridge. Eliot Wilson asks what happened The temperature was climbing by 7.30am on Friday 18 June 1982 and had reached 14°C, but London remained cloudy and wet. A postal clerk was walking [...]
Cruxy founder: The worst advice I’ve ever had? Stay in your lane June 18, 2026 Each week, we dig into the memory bank of the City’s great and good. Today, Carrie Osman tells us about going from mucking out stables to building a tech start-up in Square Mile and Me CV What was your first job? Helping out around stables from when I was about three! Horses teach accountability faster than [...]