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 [...]
FTSE 100 Live: Stocks down on election day; oil back below $100 as Iran deal hangs in balance May 7, 2026 Good morning and welcome back to the City PM liveblog. It’s local election day in the UK and Keir Starmer’s premiership is hanging in the balance as his Labour Party prepares to take a drubbing in council boroughs across the country. Gilt yields rose at their fastest rate earlier this week as the market prepares [...]
Exclusive: Ajax tank maker handed £12m from MoD despite trial pause May 7, 2026 The company behind the failed Ajax tank was paid more than £12m in the period trials were paused, City PM can reveal, laying bare the scale of dysfunction inside national defence procurement. General Dynamics continued to receive taxpayer cash in the period between late November and this week, the time where the government intervened to [...]
City law firms put US partner promotions in the spotlight May 7, 2026 As law firms increasingly shift their focus to the US there has been a surge in partner promos across the Atlantic – while London is becoming more selective, writes Maria Ward-Brennan. It’s that time of year when my inbox gets flooded with press releases and Companies House notifications about partner promotions at the City’s finest [...]
This accidental Finnish defence startup can teach the UK some lessons May 7, 2026 The UK is home to some of the world's most significant defence companies, but also its most inefficient procurement systems, writes Eliot Wilson.
How are prediction markets like Polymarket more accurate than Wall Street analysts? May 7, 2026 Prediction markets like Polymarket are more accurate than Wall Street analysts in forecasting corporate earnings, but it's not for the reason you think.
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 [...]
The City PM Awards: Three cheers for these business heroes May 7, 2026 A little over 20 years ago, as City PM prepared to hit the streets for the very first time, the team was clear that a bit of positivity needed to be baked into its founding ethos. This has never meant shying away from difficult conversations or sanitising the news agenda, but it has meant that [...]
Cornish Pirates announce US investment into Champ Rugby team May 7, 2026 US investors have taken a stake in Champ Rugby club Cornish Pirates as English ovalball continues to be seen as an attractive asset class. The Cornish Pirates, who play their home games at Mennaye Field in Penzance, have become the first known English rugby union club to onboard major American investors. J. Kenneth Moritz and [...]
Local elections 2026: City awaits ‘significant’ event for Labour leadership May 7, 2026 City giants have warned today’s local elections will be “significant” for market pricing, with traders keeping a close eye on possible leadership moves made by the likes of Angela Rayner and Andy Burnham. Several financial behemoths have lined up to warn investors that results across the country over the coming days could be unusually important [...]
