As it happened: FTSE 100 jumps as oil falls back; Warsh says ‘work to do’ on inflation August 28, 2026 Welcome back to the City AM FTSE 100 liveblog. The UK’s blue-chip index extended gains on Friday after some pressures in the oil market eased off. Oil prices reared back up on Thursday night, reversing days of losses earlier in the week. The price of Brent crude – the international benchmark for oil – jumped [...]
As it happened: FTSE 100 falls but Nasdaq soars after Nvidia sales boom August 27, 2026 Welcome back to the City AM FTSE 100 liveblog. The UK’s blue chip index suffered heavy losses on Thursday, as murky US inflation data overshadowed Nvidia’s sales triumph. While headline inflation fell back, the Fed’s preferred measure – the Personal Consumption Expenditures Price Index (PCE) – is still running hot at 3.7 per cent. Investors [...]
Octopus boss Greg Jackson calls for ‘urgent reform’ on energy as bills rise August 26, 2026 Octopus boss Greg Jackson has called on Andy Burnham to deliver “urgent reform” to the energy market to protect households from “volatile” gas prices. Jackson, founder of the UK’s biggest household electricity supplier, said: “The government’s decision to take VAT off electricity and remove some of the levies from bills has helped soften the blow [...]
‘Broken promises’: Burnham under fire on cost-of-living plans as energy bills set to surge August 26, 2026 Andy Burnham is facing pressure over his commitment to tackle the cost-of-living crisis as energy bills are set to jump again. Opposition figures have accused the Prime Minister of breaking Labour’s pledge to cut household energy bills, with one Tory figure dubbing the price hike “outrageous”. The price cap on bills is set to rise [...]
As it happened: Antofagasta leads FTSE 100 rally; oil falls as US-Iran deal ‘close’ August 26, 2026 Welcome back to the City AM FTSE 100 liveblog. The UK’s blue-chip index slipped on Wednesday morning, dragged down by oil majors BP and Shell, before recovering later in the day to be level with Tuesday’s close. Brent crude – the international benchmark – fell by more than two per cent on Wednesday to $86 [...]
Soaring energy bills set to fuel inflation spike August 16, 2026 Rising energy prices are poised to send UK inflation rearing back up, as economists warn that the summer boost to the economy could be fleeting. The rate of Consumer Prices Index (CPI) inflation is tipped to rise to 2.9 per cent in July, climbing from June’s 15-month low of 2.6 per cent, when the Office [...]
Energy discount scheme for homes near new pylons branded ‘bribe’ by Reform August 12, 2026 Households around north London and a series of other places where new pylons are being built will receive electricity bill discounts from next year in a scheme branded as a “bribe” by Reform UK. Families living in more than 40 locations across Britain — mostly in Scotland — will receive biannual cash discounts on bills. [...]
Shell launches bumper buyback after earnings more than double on Middle East turmoil July 30, 2026 Shell has said it will continue its bumper share buyback programme after revealing the Iran war’s effect on oil prices and trading volumes helped it book near-record profit. The Anglo-Dutch giant’s net profit spiked to $9.8bn between April and July, more than double the same period last year and beating analyst estimates. Shares were up [...]
Tax rises ‘guaranteed’ as Healey faces £22bn black hole from Burnham spending plans July 22, 2026 Chancellor John Healey will be forced to launch another round of major tax rises in the autumn, leading economists have warned, after a City AM analysis found £22bn of spending pledges are not accounted for in official forecasts. Less than 24 hours after becoming Prime Minister, Andy Burnham has already announced plans to end rough [...]
Brazen Burnham should call an election and put his ten year plan to the voters July 21, 2026 Plenty of people were staring at their phones outside the Calais terminal of the Eurotunnel on Monday afternoon, but I sensed I was the only one watching Andy Burnham’s Downing Street address. We left for France under one Prime Minister and came back under another. That’s just how it is these days. My first reaction [...]