AMD stock soars as AI chip demand drives quarterly results May 6, 2026 Advanced Micro Devices (AMD) sent its stock soaring after flying past Wall Street estimates for the first quarter of the year, thanks to swelling AI infrastructure demand. AMD shares rose 15 per cent after hours on Tuesday, after the Santa Clara-headquartered chipmaker reported $10.3bn revenue, up 38 per cent on the same period last year. [...]
Iran war costs Next £47m and may drive up prices May 6, 2026 Retail giant Next has said the ongoing disruption caused by the Iran War has hit it with a £47m increase in costs from climbing energy and transport prices. The FTSE 100 retail and homeware company said that the £27m increase, a sharp rise from it’s previous forecast of £15m, relates mainly to spikes in energy [...]
Diageo shares jump as World Cup hype helps drinks giant back to sales growth May 6, 2026 Shares in Diageo jumped on Wednesday morning as high hopes for a high-drama World Cup has helped lift the drinks firm’s sales back into positive territory. The Guinness and Johnnie Walker maker, which has been battling a slowdown in demand for spirits, said it had seen “some benefit” of “advance sales” ahead of the start [...]
Exclusive: Two Super League clubs circling Saracens’ Ben Earl May 6, 2026 Rugby league’s biggest clubs are circling England rugby union international Ben Earl after he made comments about switching codes. City AM understands that both Warrington Wolves and Wigan Warriors are looking at the Saracens back-row, potentially targeting the 28-year-old for a move north after next year’s Rugby World Cup. Super League clubs get salary cap [...]
FTSE 100 Live: Stocks jump; oil dips below $100 as Trump says Iran deal close May 6, 2026 Good morning and welcome back to the City AM liveblog. Brent crude dipped below $100 at Wednesday lunchtime after Donald Trump has hailed “great progress” towards a “final agreement” with Iran, prompting a rally in the FTSE, Asian markets and Wall Street. In a sudden reversal late last night, President Trump said he will pause [...]
Bournemouth: Vitality Stadium expansion setback hits European plans May 6, 2026 Bournemouth’s plans to redevelop the Vitality Stadium ahead of a potential first season in Europe have been hit by delays. In what has been a remarkable season, it is still on the cards for the south coast club to qualify for the Champions League. They sit sixth in the Premier League, which will earn a [...]
The Strait of Hormuz proves fossil fuels are essential for food security May 6, 2026 Carbon emissions are not a threat to food security – the war in the Middle East is highlighting that the much bigger food challenge for the world is not having enough access to fossil fuels, says Bjorn Lomborg For years, climate campaigners have claimed that our food supply is under grave threat from climate change [...]
The civil service needs a new Code May 6, 2026 Wherever the fault lies following the departure of Sir Olly Robbins from government, it’s clear that this is another blow to the already damaged relationship between ministers and civil servants, says Joe Hill The things organisations say they value can differ a lot from the things they actually value. Enron – a company which went [...]
KPMG faces staff uproar as job cuts expose communication breakdown May 6, 2026 Big Four audit firm KPMG is facing something of an internal comms meltdown, City AM understands, amid complaints of a lack of communication during a ‘mismanaged’ redundancy round. In late March, it was reported that KPMG UK was set to axe more than 500 staff in the latest redundancy round at the Big Four giant. [...]
A bank tax hangs in the balance at the local election ballot May 6, 2026 As speculation of a leadership challenge – or sweeping reshuffle – surrounds the forthcoming local elections, in this week’s column Samuel Norman looks at what a change in Chancellor would mean for the banking sector. It is no secret that Thursday’s local elections carry a weight far heavier than the fate of a few neighbourhood [...]