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 [...]
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 [...]
Voters – and markets – fear a lurch to the left under new Labour PM May 12, 2026 A majority of voters are worried that a change of Labour leadership would drag the government further left, as support grows for lower taxes and less public spending. The latest City PM/Freshwater Strategy poll of UK voters, conducted after the devastating council election results for Labour, also found 29 per cent of voters preferred Manchester [...]
British Land and RLAM secure robotics AI firm for London ‘innovation’ cluster May 12, 2026 London’s AI property boom is gathering pace after British Land and Royal London Asset Management secured another major tech occupier at Regent’s Place, City PM can reveal. Robotics startup Humanoid has signed for 42,000 sq ft at One Triton Square, pushing the building to 94 per cent let just six months after completion, as demand [...]
London’s prime property market isn’t collapsing May 12, 2026 Contrary to popular belief, London's prime property market isn't failing. But it is fundamentally changing, writes David Austin.
Changing the leader won’t save Labour – or the country May 12, 2026 The well-intentioned but hapless Labour backbencher, Catherine West, spent the weekend warning that if she didn’t like Keir Starmer’s speech she’d launch a leadership challenge in a bid to flush out more serious candidates. In the end, she backed down, but has called for a transition of power to a leader in September. She has [...]
UK ministers tell UK businesses to ‘step up’ cyber defences May 12, 2026 Ministers have announced a new push to force firms to strengthen their cyber defences against AI-powered attacks, as Britain’s cyber industry has swelled to £14.7bn. According to new Department for Science, Innovation and Technology (DSIT) figures, Britain’s cyber sector saw a 11 per cent rise in the past twelve months, while the number of companies [...]
Starmer’s Europe reset risks strangling UK AI sector with EU regulation May 11, 2026 As the prime minister scrambles to save his premiership Keir Starmer has vowed to position the UK “at the heart of Europe” – but his pledge risks reigniting fears that closer EU ties could undo the UK’s AI advantage. In today’s speech, aimed at rescuing the prime minister’s position after bruising local election losses, Starmer [...]
Eon, Hometree strike deals to snap up parts of Ovo Energy May 11, 2026 Two arms of Ovo Energy have been snapped up by separate buyers, ending uncertainty over the retail energy giant’s future. German energy firm Eon is to acquire Ovo’s retail business, creating one of the UK’s biggest energy operators with around 10m combined customers, while Ovo’s Home Services arm, including Corgi Homeplan and Homepeat, is to [...]
Compass shares jump as it shrugs off inflation concerns with profit upgrade May 11, 2026 Shares in Compass Group jumped on Monday morning as shrugged off concerns over inflation eating into its margins after upgrading its profit forecasts. The FTSE 100 catering giant, which has served meals everywhere from prisons to oil rigs, upped its profit growth estimate from 10 per cent to “above” 11 per cent for the year [...]
