Platini sues Fifa and president Infantino over alleged plot to topple him June 9, 2026 Former Uefa president Michel Platini is suing Fifa boss Gianni Infantino, accusing him and two others of plotting against him and ending his chances of landing football’s top job. Platini’s lawyers have announced that they are bringing legal action in Paris against Infantino and two former Fifa officials, legal director Marco Villiger and audit chair [...]
Housebuilder Bellway warns mortgage rate hikes dampening housing demand June 9, 2026 Bellway has said that recent rises to mortgage rates as a result of the Iran war are dampening demand for housing, on top of rising building cost inflation due to the conflict. The FTSE 250 housebuilder said it has seen a “moderation” in customer demand in April and May, bringing an end to a “positive” [...]
OpenAI files to go public as the race between tech giants heats up June 9, 2026 OpenAI has confirmed plans for an initial public offering as it looks to beat fellow artificial intelligence giant Anthropic to Wall Street. The artificial intelligence firm, led by chief executive Sam Altman, submitted paperwork to the US Securities and Exchange Commission for an IPO on Monday. OpenAI did not disclose the size or terms of [...]
GSK shares slip after buying US cancer treatment firm Nuvalent for $10.6bn June 9, 2026 Pharma giant GSK has sealed a $10bn deal to snap up Boston-based biopharmaceutical company Nuvalent. The FTSE 100 titan said it will pay $124 per share in cash in the agreement, marking a 40 per cent premium over what Nuvalent’s stock was trading at just before this announcement. The deal is expected to officially close [...]
As it happened: FTSE 100 and Wall Street hit by stock sell-off; CBI cuts UK GDP June 9, 2026 Welcome back to the City PM liveblog. Rachel Reeves is staring down another bruising growth downgrade this morning after the Confederation of British Industry (CBI) slashed the UK’s GDP forecast to 1.1 per cent for the year. The figure is a drop from 1.4 per cent last year and below the previous consensus of 1.3 [...]
Mayor Khan hails London as ‘undisputed global capital for women’s sport’ amid £50m boost June 9, 2026 Mayor of London Sadiq Khan has hailed the capital as the “undisputed global capital for women’s sport” after the sector pulled in £55m in 2025. City Hall research claims that events such as the Women’s Rugby World Cup final, the WTA event at Queen’s and the Hundred all contributed to £55m being delivered into the [...]
Uber and Wayve open waitlist for London robotaxis June 9, 2026 Uber has opened an interest list for customers keen to try autonomous minicabs in the capital, as self-driving taxis near a commercial launch in the UK. The ride-hailing giant is partnering with British autonomous driving firm Wayve, whose technology has been tested on London’s streets since 2018. Customers can now opt in through the Uber [...]
Podcast: Nvidia chief dismisses tech sell-off, Brewdog founder promises comeback, Hamilton calls for no more billionaires June 9, 2026 In today’s episode of City PM’s Business As Usual podcast, we get stuck in the top stories of the day – from a catastrophic start to the week in the Asian markets to the ex-reality TV star making a killing off non-alcoholic spirits. City Editor Simon Hunt gives his round up on the major business [...]
Kroll chief Jacob Silverman: AI won’t kill ‘mission critical’ advisory work June 9, 2026 Jacob Silverman arrives at Kroll’s vast City office for our interview fresh off a delayed flight from Atlanta, but you’d never know unless the bright-eyed New Yorker hadn’t mentioned it. Between sips of diet coke, the firm’s global chief executive offers City PM an upbeat assessment of AI’s influence on the consultancy sector that seems [...]
‘Nobody’s getting a free pass’: Starmer warns Big Tech as social media ban looms June 9, 2026 Keir Starmer has warned tech firms they face government intervention if they fail to protect children online, as pressure mounts for tougher restrictions on social media access for under-16s. Opening London Tech Week on Monday, the prime minister used a speech focused on artificial intelligence, economic growth and Britain’s tech ambitions to deliver a stark [...]
