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 [...]
Vodafone takes full control of Three in £4.3bn deal May 5, 2026 Vodafone is to take full ownership of Vodafone Three for £4.3bn in the latest twist in the blockbuster merger between two of Britain’s largest mobile networks. The FTSE 100 telecoms giant said it will buy out the 49 per cent stake held by CK Hutchison, the Chinese owner of Three, to give it full control [...]
HSBC profit drops after Iran war and private credit charges bite May 5, 2026 HSBC missed its profit target in the first quarter of the year after the blue-chip lender booked a mammoth credit charge. The FTSE 100 giant – which boasts a huge £230bn market cap – recorded a pre-tax profit of $9.4bn (£6.5bn), missing the $9.6bn pencilled in by analysts. This figure is also down $100m on [...]
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 [...]
Outernet CEO: Profiting from art shouldn’t be shameful May 5, 2026 The stigma of 'selling out' is unhelpful and outdated. Art and commerce have always coexisted, writes Outernet CEO Philip O'Ferrall.
Britain’s £800bn investment pile that isn’t being used May 5, 2026 Britain's 'mainstream investors' hold more than £800bn in net financial wealth, an investment sum large enough to meaningfully address the capital gap.
Kemi Badenoch: Thoughtful, patient…radical? May 5, 2026 With local elections just days away much of the focus has been on what the results will mean for Keir Starmer’s chances of survival. Related to this is the question of how well Reform and the Greens will do, with fewer column inches devoted to what lies ahead for the Conservatives. To some extent this [...]
‘Alarming’ lack of private credit understanding in finance bosses May 5, 2026 The elusive nature of the private credit industry has been called further into question with fresh data revealing less than one in five financial services leaders fully understand their exposure to the sector. A fresh report from Big Four firm KPMG has found just 14 per cent of financial services executives believe they are fully [...]
Tax hikes call time on two pubs a day crushing 2,400 jobs May 5, 2026 The government’s bitter round of tax hikes imposed on the hospitality industry is said to have forced the closure of two pubs a day in the first three months of the year in yet another blow to the already bruised sector. Figures from the Beer Bar and Pub Association (BBPA) showed 161 pubs across Britain [...]
‘Inflection point’: Challenger banks loan growth halved in 2025 May 5, 2026 Challenger banks have reached an “inflection point” after loan growth across the industry halved in the last year, a fresh report has warned. New analysis from Big Four firm EY showed lending growth across UK challenger, specialist and digital banks slowed to 4.5 per cent in 2025, down from 8.9 per cent. This came as [...]