Labour leadership turmoil to cost Reeves up to £12bn May 13, 2026 Labour’s political infighting could cost Chancellor Rachel Reeves up to £12bn, analysis by a Wall Street bank has suggested. Hot-tempered bond markets and stunted growth – a consequence of further political instability – would knock around £12bn off the Chancellor’s fiscal headroom, Goldman Sachs warned. While the £12bn hit to public finances would not erase [...]
Labour MP: Bond markets ‘will have to fall into line’ with Burnham agenda May 12, 2026 Bond markets will have to fall in line with an Andy Burnham premiership even if the Manchester mayor pursues a considerably more left-leaning economic platform, a Labour MP has claimed. Paula Barker, the Labour member for Liverpool Wavertree, hailed Burnham as a “fantastic politician” who is the only person likely to beat Keir Starmer in [...]
Going for growth? Labour groups set out competing visions for economic strategy May 12, 2026 Competing groups of Labour MPs have published contrasting growth plans on Tuesday, just as Sir Keir Starmer’s leadership stood on the brink. Both the left-wing Tribune group of MPs and the more centrist Labour Growth Group published pamphlets setting out a number of ideas for growth and tax reform. Tribune’s report, led by former transport [...]
Chicken roll boosts sales but Greggs warns of food inflation May 12, 2026 Brits’ warm embrace of the new chicken sausage roll has helped boost turnover at Greggs, but the company warned it could be burnt by food inflation if the Iran war persists. Greggs’ share price jumped more than six per cent on Tuesday’s market open, to 1,618p, though the stock remained down three per cent in [...]
UK ministers tell UK businesses to ‘step up’ cyber defences May 12, 2026 Ministers have announced a new push to force firms to strengthen their cyber defences against AI-powered attacks, as Britain’s cyber industry has swelled to £14.7bn. According to new Department for Science, Innovation and Technology (DSIT) figures, Britain’s cyber sector saw a 11 per cent rise in the past twelve months, while the number of companies [...]
‘Twenty years of caution’: Banking industry ramps up efforts to fix ‘anaemic’ UK growth May 11, 2026 The UK’s industry body for banking has stepped up its lobbying efforts for the government to improve “anaemic” growth figures and bolster the financial services sector. A new report published by UK Finance – the body representing around 300 firms that provide UK banking services – has issued a nine-point plan, which calls for “clear [...]
Bring back Burnham now! May 11, 2026 Voters have sent the clearest possible message that they are sick of the Starmer government. Andy Burnham is the only man who can make Labour popular again, says John McTernan The verdict is in. The country has had enough of this Labour government. The election results could not have been any starker. The SNP returned [...]
AngloGold Ashanti Q1 31 March 2026 Earnings Release and Dividend Declaration May 8, 2026 AngloGold Ashanti delivers record free cash flow* of $1.2bn and EBITDA*(4) of $2.3bn • Gold production(1)(2) +1% • Net cash*(4) of $868m • Q1 2026 interim dividend of $585m, or 116 cps • Proposed $2.0bn share repurchase programme announced
IMF warns AI cyberattacks could trigger global financial crisis May 8, 2026 Evermore sophisticated AI-powered cyberattacks could threaten the stability of the global financial system, The International Monetary Fund (IMF) has warned, as regulators race to contain a new generation of threats. In their new report, the IMF said extreme cyber incidents could spark liquidity pressures and solvency concerns across banks and financial institutions. The lender warned [...]
Rightmove reveals fixed-rate mortgages back over 5 per cent as house prices slip again May 8, 2026 Average house price down to to £299,313 in April from £299,609 the month before A closely-watched survey from one of the UK’s biggest home loan providers has found that house prices slipped again last month. The Halifax said the prospect of higher bills at a time of rising inflation was a factor in the market. [...]