Aryna Sabalenka raises Grand Slam boycott threat as pay row escalates May 5, 2026 Women’s world No1 Aryna Sabalenka has warned that top tennis players will boycott Grand Slams if their demands for more prize money and benefits continue to be resisted. Sabalenka was among a group of stars who criticised French Open chiefs at the weekend for failing to heed their calls, which have also been directed at [...]
London City 7s returns with capital crying out for live rugby May 5, 2026 Dan James, founder of the London City 7s, pens his first of a new monthly column on short-form rugby in the capital. Rugby sevens has long been the better looking but somewhat inconsequential younger cousin of the traditional 15s game. If you were lucky enough to be one of the 113,000-plus fans in the record-breaking [...]
Motor finance provider faces administration amid £9bn redress fallout May 5, 2026 Blue Motor Finance is reportedly on the verge of administration after a series of financial setbacks and pressures stemming from the City regulator’s planned £9bn motor finance redress scheme. The independent motor finance provider is said to be facing a redress bill of over £50m, having lent over £1bn to over 120,000 customers – as [...]
Trump officials claim Iran is ‘weaponising global trade’ May 5, 2026 The United States’ most senior military officer has warned that Iran’s sustained assault on commercial shipping threatens to destabilise the world economy, accusing the country’s leadership of deliberately weaponising the global supply chain. General Dan Caine, the former venture capitalist currently serving as chairman of the US joint chiefs of staff, made a stark intervention [...]
OpenAI listing plans hit as Altman scraps robotics spin-off idea May 5, 2026 Tech behemoth OpenAI internally shelved plans to spin off its robotics and consumer hardware divisions, as chief executive Sam Altman tightens focus ahead of a potential IPO that could value the company at up to $1 trillion (£737bn). The proposed restructure, as first reported by the Wall Street Journal, would have mirrored Alphabet’s model, separating [...]
Coinbase to slash 14 per cent of workforce amid AI impact and market volatility May 5, 2026 Crypto exchange Coinbase is planning to cut 14 per cent of its workforce just two days head of its next earnings report, citing a need to manage costs amid ongoing market volatility and advances in AI. Chief executive Brian Armstrong said on Tuesday that AI was speeding up certain processes meaning fewer employees were required [...]
Alvarez & Marsal poached FTI heads as firm seeks to challenge Big Four giants May 5, 2026 Management consultancy firm Alvarez & Marsal has poached its second FTI name to join its recently launched reputation advisory practice as it seeks to challenge the Big Four. The newest recruit, senior director Tom Hufton, joins managing director Rob Mindell to lead the practice, City PM can reveal. The firm’s new practice, launched at the [...]
‘Clear risk signal’: Gilt yields hit 28-year high as investors weigh Starmer’s future after local elections May 5, 2026 Gilt yields have risen to their highest rate since 1998 as investors weigh the odds of Keir Starmer being ousted following what is widely expected to be a major defeat for Labour at the local elections. The yield on 30-year government bonds rose 11 basis points on Tuesday to hit 5.76 per cent, topping the [...]
Jim Ratcliffe warns Britain’s energy policy is ‘all over the place’ as Ineos explores North America with Shell May 5, 2026 Europe and the UK’s approach to energy policy is “all over the place” and eroding the region’s security and growth prospects, Jim Ratcliffe has said in an announcement confirming Ineos’s plans to expand its oil and gas operations in the Gulf of Mexico. In a statement announcing Ineos’s fresh investment in the US alongside Shell, [...]
Fifa World Cup sponsors outperform FTSE 100 and S&P 500 May 5, 2026 Major Fifa World Cup sponsors outperform FTSE 100 returns by a factor of five and the S&P 500 by three as brands look to dominate the conversation during the tournament. IG research looking at the performance of major World Cup sponsors saw an average return of 7.1 per cent during tournament cycles – from 30 [...]
