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Starmer Refuses to Quit as Markets Brace for Fresh UK Turmoil

Sir Keir Starmer's defiant insistence that he will not stand aside as prime minister has shifted the UK political backdrop into a higher register of risk, leaving financial markets bracing for an extended period of domestic uncertainty. After a turbulent weekend of briefings, denials …

Ankur Sharma | 12 May 2026

Intertek Shares Surge After EQT Sweetens Takeover Bid to £9.4bn

Shares in Intertek surged on Tuesday after Swedish private equity group EQT Partners returned with an improvedTakeoverproposal valuing the FTSE 100 testing, inspection and certification specialist at around £9.4 billion. The revised offer represents a meaningful increase on EQT's earlier indicative approach and intensifies …

Ankur Sharma | 12 May 2026

FTSE Slumps as US-Iran Peace Hopes Fade and UK Political Drama Explodes

London's benchmarkindex/">FTSE 100 Indexslumped sharply on Tuesday as investors reacted to a sobering combination of renewed geopolitical risk in the Middle East and a deepening political crisis at home. The index, which had begun the week on a cautiously optimistic footing, gave up its …

Ankur Sharma | 12 May 2026

Imperial Brands Holds Outlook but Warns Iran War Could Push Costs Higher

Imperial Brands, the Bristol-based FTSE 100 tobacco and next-generation products group, reaffirmed its full-year financial outlook in a trading update on Tuesday but warned that an escalation of the conflict involving Iran could push key input costs and shipping rates higher. The cautious commentary …

Ankur Sharma | 12 May 2026

Morgan Stanley Downgrades Trustpilot as AI Hype Gets Priced In

Morgan Stanley has trimmed its rating on Trustpilot, the London-listed consumer-reviews platform, arguing that the rally in the shares over recent months has now substantially priced in the benefits of the company's artificial-intelligence-driven roadmap. The downgrade, from overweight to equal weight, marks a notable …

Ankur Sharma | 12 May 2026

UK Retail Sales Soften as Consumer Uncertainty Mounts

UK retail sales weakened in the latest period, providing further evidence that British consumers are pulling back amid mounting economic and political uncertainty. The latest data, from a combination of official statistics and major industry indicators, points to a softer pace of spending growth …

Ankur Sharma | 12 May 2026

EY Slashes UK Growth Forecast as Energy Crisis Hits Outlook

EY, one of the Big Four professional services firms, cut its forecast for UK economic growth in its latest set of projections on Tuesday, citing renewed energy-cost pressures and a more cautious tone among households and businesses. The reduction in the headline GDP estimate …

Ankur Sharma | 12 May 2026

Wizz Air Signals Breakeven Year as Airline Sector Eyes Recovery

Wizz Air, the Budapest-based London-listed ultra-low-cost airline, signalled on Tuesday that it expects to break even at the operating level over the current financial year, marking an important inflection point after a period of operational and financial pressure. Management used a closely watched trading …

Ankur Sharma | 12 May 2026

On The Beach Tumbles After Guidance Comeback Fails to Impress Investors

Shares in On The Beach Group, the Manchester-headquartered online beach holiday specialist, tumbled on Tuesday after the company's much-anticipated return to formal earnings guidance failed to live up to the high expectations baked into the share price. The stock had rallied strongly in the …

Ankur Sharma | 12 May 2026

Greggs Shrugs Off Cost Fears as Sales Rise on New Products

Greggs, the Newcastle-headquartered high-street bakery and food-to-go specialist, brushed aside concerns about renewed cost pressures on Tuesday as it reported a continued rise in like-for-like sales. The latest trading update marked a reassuring step forward for one of the UK's most closely watched consumer-facing …

Ankur Sharma | 12 May 2026

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