KBRA Assigns Preliminary Ratings to Bletchley Park Funding 2026-1 PLC May 12, 2026 KBRA UK (KBRA) assigns preliminary ratings to six classes of notes issued by Bletchley Park Funding 2026-1 PLC, a static UK RMBS securitisation backed by a portfolio of first-ranking buy-to-let (BTL) mortgage loans secured on residential properties in England, Wales, and Northern Ireland. The aggregate balance of the provisional portfolio is £286.0 million as of [...]
Life after Starmer: What could a new Labour prime minister mean for your money? May 12, 2026 It could soon be time to face the music for Keir Starmer after dozens of MPs called for the Prime Minister to throw in the towel, which could unleash months of speculation and uncertainty. Leading frontrunners for the top job include the Manchester mayor Andy Burnham, former deputy PM Angela Rayner and health secretary Wes [...]
‘Bond market meltdown’: UK borrowing costs highest since 1998 as Starmer fights for survival May 12, 2026 Warnings of a “bond market meltdown” flashed through the City on Tuesday after government borrowing costs soared as pressure mounted on Sir Keir Starmer’s future in Downing Street. For weeks, City investors have been on high alert as fears mounted that a mass rebellion would be triggered after devastating local election results. Traders fear the [...]
On the Beach shares slide as Brits delay booking holidays May 12, 2026 On the Beach has suffered one of its biggest-ever single-day stock selloffs amid investor fears over a slowdown in holiday bookings. Shares in the Manchester-based business plunged 17 per cent to 140p after the London-listed business said it saw a more than 12 per cent fall in sales to £52.2m for the six months to [...]
Star stockpicker Terry Smith dumps entire Unilever holding after McCormick mega-merger May 12, 2026 One of Britain’s best-known fund managers has dumped his holding in Unilever worth hundreds of millions of pounds, accusing the consumer goods giant of abandoning its traditional shareholders in favour of activist-driven deals like last month’s McCormick mega-deal. Terry Smith, the star stockpicker behind the £12.5bn Fundsmith Equity Fund, sold out of his position in [...]
Barclays and Lloyds shares sink as political storm puts banks in tax sights May 12, 2026 The UK’s banking giants led a major sell-off across the FTSE 100 this morning as a combination of political hazards hit the London stock market. Barclays was the top faller on the index shortly after market open, shedding over four per cent to 410.65p. Natwest was not far behind, also losing over four per cent [...]
Paymentology Raises $175 Million co-led by Apis Partners and Aspirity Partners to Support Next Phase of Growth May 12, 2026 Paymentology, the leading global issuer-processor, today announced a $175 million investment co-led by Apis Partners (”Apis”), a private equity firm specialising in financial infrastructure and services, and Aspirity Partners (“Aspirity”), a pan-European Private Equity firm focused on Financial Technology & Services and Enterprise Technology & Connectivity Services. The investment will support Paymentology’s continued global expansion, [...]
Exclusive: Ultimate Sevens franchise rugby project to announce Reebok deal May 12, 2026 The Ultimate Sevens franchise project will today announce Reebok as its title kit sponsor, City AM can reveal. The project – dubbed by some as the R360 of the rugby sevens world – will launch on Thursday with teams and players confirmed in London. The long-term plan will see franchises sold off, similar to other [...]
London Celebrates 3×3 Basketball with a One Day Pop-Up May 12, 2026 London Sports Festival is set to bring the energy of street basketball to the capital with a 3×3 basketball pop-up event in Paternoster Square. With only two weeks to go, here’s how you can participate in the one-day event on 26 May. Transforming one of central London’s most iconic public spaces into a dynamic 3×3 basketball [...]
Lone Star Funds Completes Acquisition of DOMO Engineered Materials May 12, 2026 Lone Star Funds (“Lone Star”) today announced that an affiliate of Lone Star Fund XII, L.P. has completed the acquisition of DOMO Engineered Materials (“DOMO EM”), a business division of DOMO Group. DOMO EM is a global leader in the development and production of polyamide-based engineered materials and its leading TECHNYL® brand supports a wide [...]