London local election results LIVE: Brown returns as Labour bruised in five-party split May 9, 2026 Good morning and welcome back to the City AM liveblog. Former Prime Minister Gordon Brown has returned to support Sir Keir Starmer’s premiership as a special envoy for global finance. The appointment was made after bruising election results across the country, particularly in Wales and Scotland where Labour lost control. Starmer resisted calls for his [...]
Algoma Central Corporation Announces Results of 2026 Annual General Meeting of Shareholders May 8, 2026 Algoma Central Corporation (TSX:ALC), held its Annual General Meeting of Shareholders (the “Meeting”) on May 7, 2026. Each of the matters set out below were voted upon at the Meeting and are described in greater detail in the Company’s Management Information Circular dated March 6, 2026, available online at www.algonet.com/investor-relations and www.sedarplus.ca. 1. Election of [...]
Evolv: Revenue at Quaglinos, Coq d’Argent, Madison and Bluebird owner soars May 8, 2026 The group behind restaurants including Quaglinos, Coq d’Argent, Madison and Bluebird has seen its earnings surge despite the challenges facing the hospitality sector. Evolv – formerly D&D London – saw revenue increase 20 per cent from £126.3m to £151.6m year-on-year, with Ebitda rising from £2.6m to £14.6m. Evolv reported a modest loss of £6.8m for [...]
Patrick Cox: Tax the rich, bring back the guillotine! May 8, 2026 Iconic 90s shoe designer Patrick Cox, and soon-to-be Cordwainer, takes us on a trip down memory lane in this week's Square Mile and Me.
Motor finance compensation scheme hanging by a thread amid legal row May 8, 2026 The City watchdog has told lenders to prepare for the “alternative scenario of no scheme” in the long-running motor finance scandal as another legal showdown brews. The Financial Conduct Authority (FCA) has received four legal challenges including from lenders Volkswagen Financial Services, Mercedes-Benz Financial Services and Crédit Agricole Auto Finance. On the consumer side, the [...]
Prem Rugby chiefs admit its ‘challenging’ to compete with Top 14 May 8, 2026 Prem Rugby chiefs have admitted competing with the French Top 14 has been “challenging” given English salary cap rules. Clubs across England can spend around £8m per season on their squad, with £6.4m of that the standard cap and the remaining a series of credits and allowances. The French Top 14 will see its salary [...]
Meta can read your Instagram DMs from today May 8, 2026 Instagram users are waking up to a major privacy rollback after Meta officially switched off end-to-end encrypted direct messages, giving the tech giant far greater visibility into private conversations shared across the app. From today, users who previously enabled Instagram’s optional encrypted chats will lose access to the feature entirely, with all messages reverting back [...]
South East Water boss David Hinton resigns May 8, 2026 The chief executive of South East Water, David Hinton, resigned from the embattled utility today, after presiding over one of the scandal-hit industry’s most notorious supply failures. Hinton was in charge during a series of outages in Tunbridge Wells and Kent in November and December 2025. There were more outages last January. As the firm struggled [...]
AngloGold Ashanti Q1 31 March 2026 Earnings Release and Dividend Declaration May 8, 2026 AngloGold Ashanti delivers record free cash flow* of $1.2bn and EBITDA*(4) of $2.3bn • Gold production(1)(2) +1% • Net cash*(4) of $868m • Q1 2026 interim dividend of $585m, or 116 cps • Proposed $2.0bn share repurchase programme announced
Forget non-doms, it’s the British founder exodus that matters May 8, 2026 Non-doms leaving is hardly surprising. It's the British founders rearranging their affairs that should make us worry, writes Simon Malkiel.