Samsung workers threaten strike over AI profits as market value hits $1 trillion May 7, 2026 Samsung Electronics is facing the threat of a major worker walkout, after unions demanded a bigger share of the company’s AI-fuelled semiconductor profits. Two Samsung unions are pushing for a seven per cent pay rise and a bonus scheme worth 15 per cent of each division’s operating profits, with workers threatening an 18-day strike later [...]
Climbing handed £1.4m boost to LA 2028 Olympic medal push May 7, 2026 Climbing has received the biggest boost after UK Sport increased Team GB funding by £4m for the LA 2028 Olympics and Paralympics. Canoeing, para canoeing and visually impaired judo programmes have also received significant uplifts in funding but by far the biggest increase – £1.43m – has gone to climbing. Teenager Toby Roberts won gold [...]
No, a pint does not cost £10 in London (see for yourself) May 7, 2026 Headlines appeared over the weekend that a London pint now costs £10. This leaves a bitter taste. Granted, look hard enough and you’ll find a private members’ club here, a chichi restaurant there, that has found customers with deep enough pockets to pay a fortune for supermarket lager. But this has always been true – [...]
Sir Dave Brailsford has left his role as director with Manchester United May 7, 2026 Sir Dave Brailsford has left his role as director with Manchester United just over two years after his Ineos pal Sir Jim Ratcliffe invested into the Premier League club. Brailsford has had a long-standing relationship with petrochemicals firm Ineos, having become team principal of the Ineos Grenadiers grand tour cycling team after its switch from [...]
Wetherspoon boss Tim Martin clashes with Ryanair over airport breakfast booze May 7, 2026 The boss of JD Wetherspoon has clashed with the chief of budget airline Rynair over calls for airports to crack down on early morning drinking. Tim Martin, chair of the UK’s best-known pub chain, has said regulating alcohol consumption at airports is a “Big Brother” approach which could lead to passengers being breathalysed. Ryanair boss [...]
Construction output tumbles as builders hit by surging costs and red tape May 7, 2026 The UK’s construction sector suffered a sharp fall in activity last month, as the Iran war batters confidence and drives up prices. S&P Global’s monthly construction index for the UK dropped to 39.7 in April, down from 45.6 in March. Builders are beginning to suffer from rising material costs caused by the blockage to the [...]
Jet fuel crisis worse than Covid for airlines, says AirAsia chief May 7, 2026 The global jet fuel shortage caused by the Iran war has caused a bigger crisis for airlines than the Covid-19 pandemic, the chief of AirAsia has warned. Tony Fernandes, chief executive of AirAsia, said: “I thought I’d seen it all with Covid […] but having seen jet fuel go up almost three times — this is much [...]
IHG: Holiday Inn owner braces for 50 per cent Middle East hit May 7, 2026 Holiday Inn owner IHG expects to see a 50 per cent hit to its operations in the Middle East, as the Iran war wreaks havoc on global travel. Intercontinental Hotels Group said revenue per available room in the Middle East slumped to a 26 per cent year-on-year fall in March, reversing the nine per cent [...]
Shell shares slump after earnings rocket on oil surge May 7, 2026 Shell kicked off a mega share buyback following a bumper first quarter that breezed past expectations on the back of booming oil trading. The FTSE 100 oil major recorded earnings of $6.9bn (£5bn), cruising past the consensus pencilled in by analysts of $6.4bn. It also marked a significant uplift on the $3.3bn pocketed in the [...]
JD Sports warns of ‘muted growth’ amid weak consumer spending May 7, 2026 JD Sports has seen profit fall as the sportswear retailer warned it is preparing for a period of “muted” growth amid weak consumer spending and potential Iran war cost pressures. Pre-tax profit at the FTSE 100 firm fell by 12 per cent to £629m in the year to January, even as sales rose by 12 [...]