Real Madrid underline financial power by signing new €1bn kit deal with Adidas June 10, 2026 Real Madrid have received a financial boost after signing a new eight-year kit deal with Adidas that is believed to be the most lucrative in world football. The 15-time European champions and the German sportswear behemoth have opted for an early extension to their partnership, which will now run until at least 2034. Real Madrid’s [...]
P&O Ferries to be probed over possible audit failings June 10, 2026 The Financial Reporting Council (FRC) has opened a probe into the conduct of an accountant at P&O Ferries over the accuracy of information they provided to auditors. The FRC said it has opened the investigation to assess the financial information provided to the auditor of P&O Ferries Holdings Limited and its subsidiaries between December 2020 [...]
WH Smith shares crater after outlook slashed on Iran war travel chaos June 10, 2026 WH Smith shares have cratered after the retailer slashed its profit forecast amid the prolonged slowdown in global travel and slump in consumer confidence caused by the Iran war. Shares in the FTSE 250 retailer slumped by 16 per cent on Wednesday’s market open to 415p, leaving the stock down more than 35 per cent [...]
Asian markets sink again as tech sell-off reignites on Wall Street June 10, 2026 Asian markets have plunged into the red during Wednesday trading, as the widespread tech sell-off reignited once more on Wall Street. Chipmakers and companies tied to the AI investment boom dragged US stocks down on Tuesday, as last week’s tech jitters came back to plague the market just days before SpaceX’s anticipated listing. The Nasdaq [...]
Workspace slashes dividend as profit plummets amid new boss’ shake-up June 10, 2026 Real estate group Workspace slashed its dividend in the latest financial year as the firm plunged to a hefty loss. The FTSE 250 company posted a £120.5m loss before tax, from £5.4m last year, which was driven by nearly £160m in write-downs of property valuations amidst a changing strategy. New boss Charlie Green – who [...]
Ascot CEO on Royal meet, pooling media rights and the best of Britain June 10, 2026 The chief executive of Ascot Racecourse has suggested major horse racing meets could pool their media rights to compete with rival sports. The 300-year-old Royal Ascot festival returns to Berkshire next week with record prize money and 300,000 fans expected over five days of racing. And chief executive Felicity Barnard has floated the idea of [...]
Podcast: Palantir to sue Sadiq Khan, GSK’s $10bn mega-deal, and could the World Cup rescue pubs? June 10, 2026 In today’s episode of CityAM’s Business As Usual podcast, we get stuck in the top stories of the day – from a major pharma M&A deal to a US software giant poised to take legal action against the Mayor of London. City Editor Simon Hunt gives his round up of major markets stories, as Pharma giant [...]
Fuller’s slams ‘unprecedented government interference’ in pub sector June 10, 2026 The boss of Fuller’s has slammed Labour for “unprecedented government interference” into the pub sector, which he says is to blame for 5,800 pubs closing in a decade. Simon Emeny, executive chairman of Fuller, Smith and Turner, has launched a broadside against the government’s hikes to business rates, national insurance contributions and alcohol duty. “When [...]
Pension funds must ’embrace’ private markets to fuel growth June 10, 2026 UK pension funds must stop hiding in public equity benchmarks and ‘embrace’ private markets in order to meet their obligations and accelerate economic growth, the group chief executive of one of the UK’s largest pension providers has argued. Andrew Evans, co-founder and group CEO of Smart Pension, urged providers to steer away from public markets [...]
As it happened: FTSE 100 see-saws amid global jitters as market outlook turns ‘risky and dangerous’ June 10, 2026 Good morning and welcome back to the CityAM liveblog. Markets were not getting too excited at the beginning of this week when Donald Trump said a peace deal with Iran was “very close”. And last night’s exchange of strikes might explain why. The US has said it completed a series of strikes against Iran [...]