UK at ‘greatest risk’ of jet fuel shortage as flights to be cancelled May 2, 2026 Ministers are set to warn the British public that flight cancellations will hit summer holiday plans as new research suggested that the UK is more exposed to jet fuel shortages than other European countries. Heidi Alexander, the transport secretary, is set to tell Brits that there could be flight cancellations this year as she will [...]
BP eyes North Sea exit as tax load bites May 2, 2026 BP is reportedly eyeing a potential exit from the North Sea as the tax load on energy companies seems unlikely to be eased with the Iran war. The UK oil giant is considering either ceasing or partially winding down operations in the North Sea, according to Bloomberg, as part of an effort to strip assets [...]
Why Sunderland’s away kit legal row is a warning to all sports May 2, 2026 An artist is taking legal action against Sunderland over the design of the club’s away kit. Lawyer and IP expert Geoff Cunningham explains the dispute. Clubs, brands and sponsors are busy finalising kit launches, merchandise and commercial campaigns for next season and a summer of international football. But this week a dispute involving Sunderland AFC [...]
NBA-EuroLeague talks at an impasse, adding uncertainty to bidding process May 1, 2026 With a former NBA man installed at the top of EuroLeague, conciliatory noises coming from both camps and fresh talks held this week about cooperation, the prospects of a peace deal between basketball’s two biggest club organisers looked to be better than ever. But following the meeting, at the headquarters of world governing body Fiba [...]
Petrol retailers vindicated after Reeves ‘profiteering’ claims May 1, 2026 Petrol retailers have been vindicated of “price gouging”, pouring cold water on the government’s accusations of profiteering from the war in Iran. The Competition and Markets Authority (CMA) found that higher fuel prices in the UK were caused by the rising cost of oil, rather than by retailers expanding their margins to profit from the [...]
My Alps adventure holiday with endless high-octane thrills May 1, 2026 Simon Miller on an Alps adventure holiday stuffed with high-octane adventuring I’m never going to argue that a good book and a sun lounger isn’t a winning summer holiday formula, but go on enough of those trips and the novelty starts to wane. Seen one swim up bar, you’ve seen them all. I wanted to [...]
Claire’s Accessories to launch UK high street comeback May 1, 2026 Collapsed jewellery chain Claire’s Accessories will return to British high streets next month after its stores were shuttered only days ago, according to reports. The budget accessories retailer is set to launch 50 new stores on UK high streets, in a comeback staged by the owner of its European stores. Claire’s shut its remaining stores [...]
MJ Gleeson warns building cost inflation prompting ‘high caution’ May 1, 2026 Housebuilder MJ Gleeson has sounded the alarm over building cost inflation, prompting “higher than usual caution” over its finances. The London-listed firm said on Friday: “We have recently seen some softening in footfall and reservations, and limited increases in the cost of some materials.” The effective blockade to the Strait of Hormuz caused by the [...]
FTSE 100 Live: Stocks drop amid US-Iran war mixed messaging; House prices up May 1, 2026 Good morning and welcome back to the City AM liveblog. Markets are scrambling for some messaging this morning as tensions around the Iran war drag on. Donald Trump faced a deadline for today whether to formally end the war in Iran or make the case to the US Congress for extending it. But an official [...]
Delay fuel duty hike or risk stalling major transport projects, Labour warned May 1, 2026 The government risks stalling key road and rail infrastructure projects unless it extends the freeze to fuel duty, a leading construction industry body has warned. The Construction Plant-hire Association (CPA), which represents more than 2,000 firms providing construction machinery and expertise, told City AM “nothing will get built” if its members pull back from projects [...]