Haigh and Healey to host business chiefs in Downing Street Business Louise Haigh and John Healey will lead meetings with top business chiefs in Downing Street this evening after Andy Burnham cancelled his official engagements following the death of his father. The First Secretary of State will host a roundtable with entrepreneurs, which is set to be followed by an evening drinks reception. The Chancellor and [...]
As it happened: FTSE 100 rallies as economy beats forecasts; oil falls back FTSE 100 Live Welcome back to City AM’s FTSE 100 liveblog. The UK’s blue-chip index rallied on Friday after the economy beat forecasts in July, surprising those in the City who had expected to see growth peter out. The Office for National Statistics (ONS) has revealed that the UK economy’s (GDP) grew by 0.4 per cent in July, [...]
As it happened: FTSE 100 dives as oil marches to $106; Trump threatens long war FTSE 100 Live Welcome back to City AM’s FTSE 100 liveblog. The UK’s blue-chip index shed as much as 0.4 per cent on Thursday morning, as Associated British Foods’ 11 per cent dip cancelled out modest gains from London’s oil majors and consumer giants like JD Sports and Whitbread. Despite recent expectations that the Iran war is far [...]
As it happened: FTSE 100 dives as oil prices surge past $100 in blow to inflation September 9, 2026 Welcome back to City AM’s FTSE 100 liveblog. The UK’s blue-chip index fell on Wednesday as oil prices reared up yet again, reaching six-week highs. Speaking late on Tuesday, Andrew Bailey caused fresh speculation that the Bank of England could hike interest rates when he said that risks to inflation remain “on the upside”. The [...]
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 [...]
What Burnham could learn from BP’s pragmatism August 5, 2026 In 2020, BP unveiled a “major, necessary step in support of our purpose to reimagine energy for people and our planet.” The new strategy – “performing while transforming” – would see the firm “significantly scale-up our low carbon energy business” as part of a commitment “to become a net zero company by 2050 or sooner [...]
North Sea is not competitive, says BP boss days after exit August 4, 2026 The boss of BP has branded the North Sea as not competitive just days after putting the company’s assets in the basin up for sale. Meg O’Neill, who took over as chief executive in April said she had spoken with prime minister Andy Burnham as she justified BP’s decision to exit the North Sea. Speaking [...]
As it happened: Oil prices tumble as Bessent says US-Iran deal imminent; miner stocks rally August 4, 2026 Welcome back to the City AM FTSE 100 liveblog. The price of oil tumbled on Tuesday afternoon after a senior Trump ally said that a deal over control of the Strait of Hormuz could be agreed with Iran in the coming days. The price of Brent crude – the international benchmark for oil – tumbled [...]
BP quits North Sea after tax grab July 31, 2026 BP will sell its North Sea oil division after the government’s tax raid on domestic oil, in a move that will leave the British energy giant without any petrochemicals production in its home market for the first time in decades. The London-listed oil giant told investors it planned to market its assets in the region [...]
BP eyes finalising sale of solar arm to Kuwait-backed wealth fund July 25, 2026 Oil giant BP is in advanced talks to sell its solar power business to an investor backed by Kuwait’s sovereign wealth fund as it moves away from pushing net zero. Private equity firm Qualitas Energy, and Wren House, the infrastructure arm of Kuwait Investment Authority, have joined forces to bid for Lighthouse, BP’s solar business. [...]