Sir Martin Sorrell: Clients ‘cautious’ as S4 Capital’s income tumbles May 8, 2025 S4 Capital, Sir Martin Sorrell’s advertising giant, recorded a sharp drop in revenue in its first-quarter trading update as geopolitical tensions weighed. The firm posted a 11.4 per cent slump in net revenue to £148.3m, which it said reflected the “continuing technology client caution” and headwinds from one “key client”. Takings from marketing services reduced [...]
Mark Kleinman: This is not just any retail cyber attack… May 8, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column This is not just any retail cyber attack… It’s hardly an exclusive club these days: a big listed company is the victim of a major cyber attack, compromising its systems and ability to continue serving customers. [...]
Trump denies lobbying for Russia to be given 2026 World Cup place May 7, 2025 President Trump insists he is not lobbying for Russia to be parachuted into the 2026 World Cup co-hosted by the US despite saying it could be “a good incentive” for an end to war in Ukraine. Russia and its clubs have been banned from international football since its invasion of Ukraine in 2022 and European [...]
BAE Systems to spend billions on growth and hire thousands more staff May 7, 2025 BAE Systems has said it plans to hire thousands more staff as the company prepares for an increase in global defence spending. Shares in the London-listed company have rocketed more than 50 per cent since the start of the year. This morning, it said it plans to recruit as many as 2,400 new apprentices, undergraduates, and graduates [...]
Boehly: Chelsea fans may need to wait until 2042 for new stadium May 6, 2025 Chelsea fans may need to wait until 2042 before they can move from Stamford Bridge to a new home, co-owner Todd Boehly warned on Tuesday. The club have fallen behind London rivals including Arsenal, Tottenham Hotspur and Fulham in swapping old stadia for new arenas, or vastly upgrading existing infrastructure. But with a move to [...]
When words matter more than numbers at the Bank of England May 5, 2025 City analysts have pencilled in their predictions for Thursday. Here’s how almost all of them likely read. Interest rates will be cut to 4.25 per cent, the Bank of England’s inflation forecast for this year will exceed its two per cent target and President Trump’s tariffs will be highlighted as a detriment to UK growth. [...]
Breadmakers Hovis and Kingsmill in merger talks May 3, 2025 The owners of two of Britain’s biggest bread producers – Hovis and Kingsmill – are reportedly in discussions regarding a merger between the two firms as challenges deepen for the market. Associated British Foods (ABF), the owner of Kingsmill’s parent company Allied Bakeries, and investment firm Endless, which owns Hovis, are in talks about a [...]
Trump’s first 100 days: From stock market carnage to electing Carney April 29, 2025 Tuesday marks President Trump’s second first 100 days. On 29 April 2017, pundits looked back at the opening of the then 45th President’s term as a period that had shaken presidential norms and perhaps lowered the tone. In comparison, these first three months have been an earthquake. Trump has shown himself willing to execute the [...]
Why Donald Trump’s ‘bucks for babies’ plan won’t work April 29, 2025 Donald Trump is proposing a $5,000 “baby bonus” to reverse America’s plunging birthrates, but it’s an approach that has failed everywhere it’s been tried, says Eliza Filby Elon Musk calls it a crisis more serious than climate change. US Vice President JD Vance warns of the “rejection of the American family”. Now Donald Trump is [...]
Trump’s apparent change of heart on Russia ‘welcome’, says senior minister April 27, 2025 Donald Trump’s apparent change of heart about Russia is “welcome”, a senior UK minister has signalled. The US president turned his criticism towards Vladimir Putin on Saturday after meeting with Ukraine’s Volodymyr Zelensky on the fringes of the Pope’s funeral in Rome. Images of the encounter within the Vatican showed the two leaders locked in [...]