FTSE 100 Live: Miners lead stock rally; Pound holds onto gains January 29, 2026 Good morning and welcome back to the City AM liveblog. Is President Donald Trump trying to devalue the dollar? That’s the question many in the City and across global markets were asking yesterday after Trump referred to the dollar dropping 1.3 per cent against a basket of currencies as “great”. The President’s triggered another 0.2 [...]
Dollar slides as ‘loss of confidence’ in US policy spikes debasement fears January 28, 2026 The US dollar had its worst day since President Donald Trump’s ‘Liberation Day’ tariff onslaught on Tuesday as investors dumped their exposure to the greenback. The DXY index – which tracks the dollar against a basket of other currencies – has slumped over two per cent since the beginning of the year. Amidst the dollar [...]
FTSE 100 Live: Pound at 2021 high as Trump shrugs at dollar woes January 28, 2026 Good morning and welcome back to the City AM liveblog. Has the mining sector’s rally finally run out of steam? It appeared so on Tuesday, where City banks helped lift the FTSE 100 out of the red as miners across the board sank despite the ever-increasing price of precious metals. Fresnillo – the best performing [...]
Sterling surges to highest in four years amid dollar weakness January 27, 2026 Sterling touched its highest level against the dollar in four years on Tuesday as selling pressure on the greenback intensified. The pound was trading at $1.376, its highest level since 2021, while the euro also rose to multi-year highs on Tuesday afternoon, continuing a poor run for the dollar. In January alone the dollar index [...]
Loveholidays eyes £1bn London IPO as soon as March January 27, 2026 London’s public markets could be set for a blockbuster £1bn spring listing from one of Britain’s largest online travel agents, giving the bourse welcome momentum in the new year after a strong end to 2025. Loveholidays’ private equity owners, Livingbridge, has reportedly added Investec to its roster of banks preparing to launch a listing. According [...]
HSBC seals $300bn price tag as FTSE 100 banks rally January 27, 2026 Shares in Britain’s banking giants were helping lift the FTSE 100 out of the red this morning as blue-chip lenders rallied ahead of earnings season. HSBC topped the index’s risers with a gain of nearly three per cent to 1,278.20 – an all-time high for Europe’s largest lender. The rally came after Citigroup raised the [...]
Starmer caps ground rents after fears of Rayner-led rebellion January 27, 2026 Sir Keir Starmer has introduced a cap on ground rents following fears of an MP rebellion led by the former deputy Prime Minister Angela Rayner. The Prime Minister announced the new move – which will cap ground rents at £250 a year for leaseholders in England and Wales – on TikTok, saying it will “make [...]
FTSE 100 Live: HSBC carries blue-chips; Starmer eyes China trade January 27, 2026 Good morning and welcome back to the City AM liveblog. Gold’s magnificent rally was continuing on Tuesday morning after breaking through the $5,100 mark for the first time. The flurry to safe haven assets notched up after Trump threatened Canada with 100 per cent tariffs if the country “made a deal with China”. Last week [...]
Profit warnings citing global upheaval hit ‘record high’ January 27, 2026 The proportion of profit warnings issued by UK-listed companies where bosses complain about policy uncertainty and geopolitics reached a record high last year, fresh analysis has shown. New data by EY has shown that 240 firms warned investors that profits would fall short of market expectations. Though this was the lowest figure since 2021 – [...]
Reeves told City at ‘critical juncture’ after claims of golden age January 25, 2026 Rachel Reeves has been handed a firm warning that Britain’s financial ecosystem is facing a “critical juncture” even after the Chancellor touted a “golden age” of opportunity for the City. The Chancellor faces a call to action following a report from lobby group TheCityUK and Big Four consultancy giant PwC revealing the “hard truth” that [...]