Porsche Sells Bugatti Stake to BlueFive Capital April 24, 2026 Porsche has agreed to sell its equity stake in Bugatti Rimac. Porsche and Rimac Group established Bugatti Rimac as a joint venture in 2021 to serve as home to the iconic Bugatti brand. In this joint venture, Porsche holds a minority stake of 45%, Rimac Group owns 55%. Porsche also holds a 20.6% stake in [...]
Mondi shares slump over Iran war cost warning April 24, 2026 Shares in paper and packaging giant Mondi have slumped after the firm revealed it is facing soaring costs as a result of the Iran war. The FTSE 100 firm saw its share price drop by more than six per cent in early trading, as it warned it has already faced higher energy, raw material and [...]
JD Sports boss quit after failed coup attempt April 24, 2026 The chair of JD Sports quit earlier this week because he failed to convince its board to eject its chief executive, it has been revealed. Andy Higginson quit as chair of the FTSE 100 sportswear retailer on Wednesday, with his tenure set to complete after the firm’s annual meeting in July. He said he was [...]
Computacenter shares jump as FTSE 250 firm lifts profit forecast April 24, 2026 Shares in Computacenter jumped on Friday as the firm upgraded its profit forecast after cheering a surge in customer demand. The FTSE 250 IT supplier said it now expects to “deliver a much stronger performance” with 2026 pre-tax profit set to come in well ahead of market expectations of £291m. The Hertfordshire-based business said customers [...]
‘There’s a lot of risk out there’ – Bank of England warns of market ‘adjustment’ April 24, 2026 A top Bank of England official has warned that global markets could fall even further with current share prices not reflecting the economic risks at play. Sarah Breeden, the Bank’s deputy governor for financial stability, said: “There’s a lot of risk out there and yet asset prices are at all-time highs. “We expect there will [...]
Trump threatens UK tariffs over digital tax row April 24, 2026 Donald Trump has warned he could slap fresh tariffs on the UK if it refuses to scrap its digital services tax, escalating tensions between London and Washington. Speaking from the Oval Office, Trump said the US could “very easily” respond to the levy by targeting British exports. “We’ve been looking at it and we can [...]
FTSE 100 Live: Stocks drop as Trump in ‘no rush’ to end Iran war; Retail sales jump on fuel rush April 24, 2026 Good morning and welcome back to the City AM liveblog. Donald Trump has slapped another extension on ceasefires in the Middle East following Wednesday’s intervention, where a previous deadline was set to expire. Just days ago, Trump said he was extending the ceasefire indefinitely as the deadline for strikes on Iranian power plants drew nearer. [...]
KPMG: Over half of insurance CEOs anticipate major M&A disruption April 24, 2026 Partner content, in association with KPMG Insurance A new major report by Big Four giant KPMG has revealed that over 50 per cent of CEOs in the insurance sector expect high-impact M&A deals to affect their businesses, a figure higher than in any other sector in the survey. Huw Evans, Partner and head of insurance [...]
The King’s Speech is a test of whether the UK is serious about growth April 24, 2026 For the government to prove it means what it says about growth, it should include a Financial Services Bill in the King’s Speech, says Miles Celic When the King’s Speech is delivered in the coming weeks, it will be read as a signal not just of legislative intent, but of economic credibility. For a government [...]
On this day: The Suez Canal reopens April 24, 2026 Today 69 years ago, on 24 April 1957, the Suez Canal reopened after six months of closure. What can history teach us about the current predicament in the Middle East, asks Eliot Wilson A strategically vital global waterway was re-opened to maritime traffic after conflict between a Middle Eastern state and Western powers had seen [...]