Ebay rejects Gamestop’s not ‘credible nor attractive’ $56bn bid May 12, 2026 Global commerce giant Ebay has dismissed an audacious play from video game retailer Gamestop that sought to merge the two companies into a new titan to take on the dominance on Amazon. Ebay’s chairman Paul Pressler said the firm’s board had “thoroughly reviewed [the] proposal and has determined to reject it”. In a letter to [...]
Starmer dares Labour rebels to trigger contest if they want him out May 12, 2026 Sir Keir Starmer has told his Cabinet that challengers need to step up and trigger a contest if they want him to quit. Starmer said he took responsibility for the local election results but refused to resign in a statement to senior government ministers on Tuesday. He told ministers: “As I said yesterday, I take [...]
Nelson Peltz’s son calls for Intertek to engage with £10bn offer May 12, 2026 Matt Peltz, the son of billionaire activist investor Nelson Peltz, has called on FTSE 100 testing firm Intertek to accept the latest £10bn offer by a Swedish private equity firm, as investors clash over whether the board should sell up. The buyout firm submitted its fourth offer on Tuesday morning, which valued shares at £60 [...]
Chery Tiggo 4 review: Could this Chinese SUV be Britain’s next best-seller? May 12, 2026 Have you lost your Chery? Buy a new Tiggo 4 and that’s a distinct possibility; this new hybrid crossover blends anonymously into the background. It’s also near-identical to Chery’s existing Tiggo 7, Tiggo 8 and Tiggo 9 SUVs, albeit on a smaller scale. Still, not everyone wants to stand out or make a statement – [...]
On the Beach shares slide as Brits delay booking holidays May 12, 2026 On the Beach has suffered one of its biggest-ever single-day stock selloffs amid investor fears over a slowdown in holiday bookings. Shares in the Manchester-based business plunged 17 per cent to 140p after the London-listed business said it saw a more than 12 per cent fall in sales to £52.2m for the six months to [...]
Big Short guru: Nasdaq about to resemble a ‘bloody car crash’ May 12, 2026 The investment guru depicted in the Big Short has warned that New York’s Nasdaq resembled “the scene of a bloody car crash, minutes before it happens”, accusing Wall St of overinflating the bumper Big Tech earnings that have carried US indexes to a string of all-time highs. Michael Burry, whose decision to bet against the [...]
Wealth managers shares fall amid Starmer political storm May 12, 2026 A host of the City’s top listed wealth managers suffered sharp sell-offs on Tuesday morning as questions over Starmer’s future caused government borrowing costs to soar. Investors have been on alert since fears of a rebellion against Starmer began after last week’s local election results, with the spike in gilt yields now triggering a sell [...]
Chaos may well be preferable to Keir Starmer’s unyielding blankness May 12, 2026 Keir Starmer's promise for change is as convincing as a bad boyfriend's. MPs may well decide they prefer chaos to this neverending blandness.
Star stockpicker Terry Smith dumps entire Unilever holding after McCormick mega-merger May 12, 2026 One of Britain’s best-known fund managers has dumped his holding in Unilever worth hundreds of millions of pounds, accusing the consumer goods giant of abandoning its traditional shareholders in favour of activist-driven deals like last month’s McCormick mega-deal. Terry Smith, the star stockpicker behind the £12.5bn Fundsmith Equity Fund, sold out of his position in [...]
Vodafone says UK merger is ‘ahead of plan’ as boss bets on mega multi-brand strategy May 12, 2026 Vodafone said it is “building momentum” as the telecoms behemoth pushes further into the British market following its £4.3bn VodafoneThree deal and signs of stabilisation in Germany. The FTSE 100 telecoms group reported better-than-expected annual revenue of €40.4bn (£35bn) for the year to March, up from €37.4bn last year. Meanwhile, pre-tax profit slipped slighty to [...]
