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Premier Inn owner Whitbread hits out at ‘destructive’ activist investor

The FTSE 100 hospitality firm wrote to shareholders on Tuesday urging them to reject the plans put forward by Corvex Asset Management, one of the group’s biggest shareholders. Corvex has accused Whitbread of “chronic…

Plus500 turns to US for ‘super-app’ ambitions

Plus500 has laid out plans for a “super-app” in the US after completing a takeover that will deepen its presence across the Atlantic. The FTSE 250 fintech said on Tuesday it had begun development of a super-app that will…

Bellway warns revived Help to Buy scheme could slow housing market

The FTSE 250 housebuilder said Labour’s new equity loan scheme , Your First Home, is a “welcome development” but cautioned it will not immediately solve the UK’s housing market slowdown. Jason Honeyman, chief executive…

BP braces for hit of up to $4.5bn in pivot from green energy

The FTSE 100 energy giant told markets on Tuesday its third quarter update – set for the end of the month – would include a post-tax impairment charge in the range of $3bn to $4.5bn. “These charges are primarily…

FTSE 100 Live: Stocks surge; oil slips as Trump hits out at ‘misbehaving’ Houthis

Welcome back to City AM ‘s FTSE 100 live blog. The UK’s blue-chip index made strong gains on Monday morning, jumping more than 0.9 per cent soon after the market open. This follows Tuesday’s strong showing, when the…

A Rugby League World Cup starts this week and you didn’t know. That’s a huge problem

If down south then I suspect the answer is much more likely to be no. This is a huge problem. Rugby league has one of the most watchable products in British sport. It is fast, physical, easy to understand and packed with…

Lobbying, lawyers and a media blitz: the fight to kill the Church of England’s £100m slavery compensation fund

"These are elites who are trying to demonstrate that they are being progressive." The target of his scorn was one that has obsessed him for years: the movement to pay reparations for the slave trade, and specifically the…

IPCC is under pressure to delay publication of key global climate report

The Intergovernmental Panel on Climate Change, the UN-convened body of the world's leading climate scientists, is meeting this week in Addis Ababa to discuss its seventh assessment report, a comprehensive survey of all…

Burnham speaks with all the confidence of a mayor but without the gravitas of a Prime Minister

Labour sources concede that Burnham’s tendency to “shoot from the hip” is becoming a problem. Consider his comments on Heathrow expansion , when he said the third runway “is a matter for London” before suggesting he…

Central banks, bond markets and fiscal credibility – why market stability had become political

Last week, Pablo Hernández de Cos, General Manager of the Bank for International Settlements, warned that government bond liquidity can dry up suddenly, shrinking fiscal space “well before any limit implied by long-run…