‘Large tax hikes on the way’: How the global bond rout is boxing in Healey September 2, 2026 Chancellor John Healey is likely to roll-out “large tax hikes” at this year’s Budget due to a rout in global bond markets pushing up the cost of government borrowing, economists have said. A jump in the 10-year gilt yield to the highest level since August 2007 could “further erode” the £22.7bn level of fiscal headroom [...]
Poundland owners rush to sell discount retailer before Christmas September 2, 2026 The owners of Poundland are racing to find a buyer for the discount retailer ahead of the all-important Christmas trading period, having already received interest from suitors. Gordon Brothers, who bought Poundland only a year ago, have appointed advisors Alvarez & Marsal (A&M) to sound out interest in the company after several parties approached the [...]
Keir today, gone tomorrow: A London by-election may spell danger for Labour September 2, 2026 Holborn and St Pancras has been held by Labour for 43 years, but the rise of the Greens, and the thrill of a by-election, could spell trouble.
Credo Technology: The next big opportunity in AI? September 2, 2026 Those looking for the next big thing in a crowded field should look at Credo Technology, the company that provides the connective tissue that knits together AI data centres, writes Abdullah Cheref By June 2025, everyone chasing the AI boom seemed focused on GPUs. I was more interested in what connected them. Those chips are [...]
IMF sounds alarm on borrowing costs surge as bond rout deepens September 2, 2026 The global rise in borrowing costs is a “particular concern,” the International Monetary Fund has said, as UK bond yields reach a level last seen in the financial crisis. The yield on the 10-year UK gilt climbed four basis points on Wednesday morning to near 5.27 per cent, which followed the previous day’s rally that [...]
Jim O’Neill: Capital gains tax hike ‘looms’ as top option for Burnham September 2, 2026 Lord Jim O’Neill has warned a hike to capital gains tax “looms out” as one of the easiest revenue-raising options for Andy Burnham and his chancellor, John Healey, as the pair draw up plans for their first Budget in October. “They’ve ruled out the three main taxes, so if they’re going to have to find [...]
Ryanair warns soaring jet fuel prices could topple rival airlines September 2, 2026 Ryanair has warned that the price of jet fuel could soar next summer, threatening some of its European competitors with collapse. The budget airline said it has taken emergency measures to protect itself from the higher jet fuel prices caused by the Iran war, trimming its passenger targets from 216m to 214m for this year. [...]
BP names new chair after boardroom bust-up September 2, 2026 Oil giant BP has named its new chair after a boardroom bust-up earlier this year sent its leadership into chaos. The FTSE 100 giant has tapped Ian Tyler, who has served as interim chair since 26 May. Tyler joined BP as a non-executive director in April 2025. He replaces Albert Manifold, who was stripped of [...]
As it happened: FTSE 100 drops; bonds sell-off cools but oil holds firm September 2, 2026 Welcome back to the City AM liveblog. The FTSE 100 fell again on Wednesday as oil prices rose higher for the third consecutive session and keeping pressure on global markets. Brent crude – the international benchmark for oil prices – held around the $95 per barrel mark, securing it highest level since mid-July. It follows [...]
The common sense deficit hitting the City’s professional services firms September 2, 2026 The rise of AI has put serious pressure on professional services firms to figure out hiring and training strategies as an industry built to sell knowledge faces a knowledge gap as a new era enters the workforce with skills very different from the cohort ahead of them, writes Maria Ward-Brennan. Much of the conversation about [...]