Rolls-Royce boss ‘Turbo Tufan’ gets backing for £18m pay packet April 9, 2026 The boss of Rolls-Royce looks to have secured the shareholder backing for a multi-million pound pay bump. Tufan Erginbilgic, who took charge of the firm at the start of 2023, is set to win approval for a £18m pay packet, which will see his annual bonus entitlement increase from two to three times his base [...]
UK’s best bank revealed – and it’s not a bank April 9, 2026 The UK banking sector’s top bank has been crowned – and (spoiler) it’s not a bank. A new report from Forbes and market research firm Statista analysed the global banking system for the world’s top names in the sector. Over 54,000 people were surveyed across 34 countries in 17 different languages between October and November [...]
FTSE 100 Live: Stocks take a dip as Trump’s ceasefire in doubt April 9, 2026 Good morning and welcome back to the City AM liveblog. Hopes for peace in the Middle East are on thin ice with the ceasefire unveiled on Wednesday morning already seemingly in tatters. According to Mohammad Bagher Ghalibaf, Iran’s parliament speaker, the US and Israel have already “violated” Iran’s 10-point ceasefire proposal in three ways. And [...]
Oil slides and stocks surge as US hails ‘chance at peace’ April 8, 2026 Global markets breathed a much-needed sigh of relief on Wednesday morning after it emerged Donald Trump reached a temporary ceasefire agreement with Iran, just hours before a high-stakes deadline in which the US president had threatened to destroy bridges, power plants and swathes of Iranian infrastructure. On Tuesday Trump set a dramatic ultimatum that “a [...]
Blue Owl Capital outlook cut to negative amid private credit woes April 8, 2026 The outlook on Blue Owl Capital’s flagship fund has been downgraded to negative by a leading ratings firm in the latest blow to the industry as it continues to be plagued by investors pulling money from funds. Moody’s Ratings changed its outlook from stable to negative after “significantly higher-than-peer redemption requests in the first financial [...]
Iran conflict sparks worst month of outflows since Autumn Budget April 8, 2026 The Middle Eastern conflict has triggered the worst bout of equity market outflows in months as investors retreated from stocks over fears of soaring inflation and fuel shortages. Equity fund outflows jumped to £1.4bn in March, a jump of 55.3 per cent compared to February, marking March as the worst month since November 2025, when [...]
Bank of England: Interest rate hike predictions cool as trader sentiment resets April 8, 2026 Fears of several interest rate hikes being made have eased as traders raved at the news of a ceasefire in the Middle East. Markets are now pricing in just one interest rate hike as the two-year gilt yield dropped to 4.1 per cent. The current interest rate is set at 3.75 per cent by the [...]
Rolls-Royce shares boom amid hopes of trade resumption April 8, 2026 Shares in the retail stock darling Rolls-Royce skyrocketed as investors went back to bullish ways on news of a ceasefire in the Middle East. The stock price for the engineering giant soared by as much as 10 per cent as trading opened. It meant the stock hit 1,259.80p. The jump in the share price will [...]
Shell and BP plummet after Trump declares ceasefire with Iran April 8, 2026 FTSE 100 oil stocks plunged in early morning trading as Brent prices fell after US President Donald Trump declared a two week ceasefire with Iran. Oil giant Shell suffered a 7.1 per cent slump, trading at 3,311.4 pence, bringing its rally over the course of the Iran war to a screeching halt. Rival BP recorded [...]
Barclays and Lloyds shares pop as FTSE 100 banks rally on ceasefire April 8, 2026 A whopping surge from Barclays and Lloyds led a rally across banking stocks on Wednesday morning as the City welcomed news of a ceasefire in the Middle East. Barclays soared eight per cent as trading in London kicked off, hitting highs of 438p, helping the firm claw back losses made since the start of the [...]