Poundstretcher seeks rent cuts in survival bid May 7, 2026 Discount retailer Poundstretcher is set to be restructured by its owner, Fortress Investment Group, to reduce property-related overheads and avoid closure. The plan will see the retail chain, which operates 298 stores in the UK, stabilise a “substantial fall in turnover” and rising leasehold costs, the Insolvency and Companies Court heard today. In the High [...]
Algoma Central Corporation Reports Financial Results for the 2026 First Quarter May 7, 2026 Focused fleet growth, strategic opportunities, and built-in adaptability across domestic and international operations drove a resilient first quarter
KBRA Releases Research – Sovereign Bond Supply Meets a More Demanding Market May 7, 2026 KBRA releases research examining how European and UK sovereign bond markets remain well supported, but are clearing at a higher cost. The report highlights that strong auction coverage and large order books continue to demonstrate deep demand, although elevated deficits, heavy redemptions, and quantitative tightening are keeping supply needs high. At the same time, limited [...]
Tony Travers: London local election result could trigger housebuilding slump May 7, 2026 The result of the forthcoming local elections could trigger a further slump in housebuilding in the capital as a shake-up in council composition obstructs development plans. Voters head to the polls in every London borough today, with polling suggesting Labour is on course to shed dozens of seats and lose its grip on the capital, [...]
No, a pint does not cost £10 in London (see for yourself) May 7, 2026 Headlines appeared over the weekend that a London pint now costs £10. This leaves a bitter taste. Granted, look hard enough and you’ll find a private members’ club here, a chichi restaurant there, that has found customers with deep enough pockets to pay a fortune for supermarket lager. But this has always been true – [...]
Construction output tumbles as builders hit by surging costs and red tape May 7, 2026 The UK’s construction sector suffered a sharp fall in activity last month, as the Iran war batters confidence and drives up prices. S&P Global’s monthly construction index for the UK dropped to 39.7 in April, down from 45.6 in March. Builders are beginning to suffer from rising material costs caused by the blockage to the [...]
Titan SA: Trading Update – First Quarter 2026 May 7, 2026 Very strong start to the year with sustained robust profitability growth
LIV Golf’s decline leaves sport with more questions than answers May 7, 2026 LIV Golf. What was that all about? Ok, the past tense might be a bit harsh. But could anyone have the appetite and depth of pockets to rescue a venture that has burned through $5bn from the ignominy of collapse? Where too does this embarrassing failure leave Saudi Arabia and its sporting ambitions? Time has [...]
However London votes today, not enough will change May 7, 2026 Whether Labour, Tory, Lib Dem, Greens, or Reform – all local politicians are all incentivised by the system that elects them. Every party promises to protect “green spaces”, all councillors perform lip service towards supporting affordable homes, while campaigning vociferously against what they arbitrarily determine to be “inappropriate development”, says Tom Harwood While London (and [...]
Is Mercedes-Benz’s $500m WTA Tour partnership value for money? May 7, 2026 With the deal between Mercedes-Benz and the WTA Tour well underway, Matt Hardy heads to Madrid to see if its value for money. The supermarket meal deal, the cost of an upgrade to business class, the Category A versus Category B match ticket; value for money is one of capitalism’s greatest dilemmas. It is a [...]