FTSE 100 Live: Dow Jones joins City in red; Oil soars on Iran war fears April 2, 2026 Good morning and welcome back to the City AM liveblog. After a dose of optimism hit markets on Wednesday, that looks to all be eradicated come this morning. In a 19-minute long address to the nation, Donald Trump vowed to “finish the job” in Iran and warned the country would be hit “extremely hard” in [...]
‘Ambulance chasers’ in the crosshairs as claims industry faces scrutiny April 2, 2026 As London’s legal scene gets more litigious, creeping closer to the American ‘sue everything’ culture, so-called ambulance chasing claims firms are starting to appear in the headlines – for the wrong reasons. The Financial Conduct Authority (FCA)’s chief executive, Nikhil Rathi, has been critical of claims management companies (CMC) or similarly specialised law firms throughout [...]
Once again Starmer addresses the nation – with nothing to say April 2, 2026 The Prime Minister held a press conference yesterday to update us all on the Iran war and to confirm that we’re still not in it. That’s Keir Starmer’s most valued line these days; that this isn’t our war and we’re not involved. However, despite our declared neutrality, Starmer had to concede that “the impact of [...]
Mark Kleinman: O’Neill’s mission is to take BP back to the future April 2, 2026 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his City AM column O’Neill’s mission is to take BP back to the future In one sense it’s a baptism of fire – in another, hardly at all. Meg O’Neill’s arrival yesterday as the first female chief executive of BP comes, [...]
Airlines face five-week cliff edge before fuel shortages could ground flights April 2, 2026 Britain’s airlines face significant disruption in a matter of weeks if the war in Iran continues throughout April, as a global jet fuel shortage has already forced carriers in Asia to slash service levels in a bid to manage supplies. Major UK-based carriers have said that they have between five and six weeks’ worth of [...]
Exclusive: Squash Tour Finals set to move to LA ahead of Olympic Games debut April 2, 2026 Los Angeles is in line to host the Squash Tour Finals next year as the sport looks to lay foundations ahead of the next Olympic Games, City AM has learned. Squash is one of five sports added to the Olympic programme for the LA 2028 Games, and will take place on the Back to the [...]
UK banks blast regulations for ‘penalising’ good risk management April 2, 2026 Top lenders have laid bare their frustrations with UK banking regulation in a bombshell new report that urges the removal of “excessive conservatism”. In response to the Bank of England’s review of capital requirements, the Association for Financial Markets in Europe (AFME) – which represents over 150 global banks, including the UK’s Big Four – [...]
Ask the expert: How do I convert my property portfolio into a pension? April 2, 2026 Do you have a personal finance question that you’re struggling to find an answer to? Email askthexpert@cityam.com Questions will be published anonymously. Fidelity personal finance specialist Marianna Hunt is back to advise a reader who is looking to turn their property portfolio into pension income. Q: How do you convert an exclusively property portfolio into [...]
The Capitalist: Warning – this is an April Fool’s joke! Haha! April 1, 2026 April Fool's, AI 'writers' and economists playing football; catch up on the latest City gossip in this week's The Capitalist.
Dexory auditor raises evidence concerns as robotics firm losses widen April 1, 2026 Auditors for Dexory have issued a rare warning over gaps in its financial records after the British robotics firm Dexory reported surging revenues alongside deepening losses. In newly filed accounts, auditors at Moore Kingston Smith said they were “unable to obtain sufficient appropriate audit evidence regarding the stock quantities”, adding they could not determine whether [...]