As it happened: UK borrowing costs rattled by Burnham’s Parliament bid May 15, 2026 Welcome back to the City AM liveblog. Andy Burnham has made his move – and it has left markets on edge. On Thursday evening, after markets had closed, a Labour MP sensationally announced their intention to stand aside to allow Burnham to make his way back into Parliament. And this morning it’s left gilt yields [...]
As it happened: Markets on high alert as Streeting calls on Starmer to resign May 14, 2026 Welcome back to the City AM liveblog. The past few days of political drama have to come to a head today and UK assets are bracing for a showdown. All eyes were on the bond market after Wes Streeting resigned as health secretary and called for a leadership contest. Gilt yields see-sawed yesterday as Sir [...]
Tate & Lyle shares soar on £2.7bn takeover bid May 14, 2026 Ingredients giant Tate & Lyle soared almost 50 per cent after it received a £2.7bn takeover bid from an American food firm. The FTSE 250 firm saw its shares jump by 45 per cent on Thursday, to 543p, after its board said it is discussing the proposal from US company Ingredion. The bid stands at [...]
Mr Kipling’s ‘biggest ever year’ bakes in sweet-looking profit at Premier Foods May 14, 2026 The owner of some of the UK’s best loved and most famous food brands hailed standout performer Mr Kipling, on Thursday which helped Premier Foods eat City profit forecasts for lunch. Mr Kipling – the brand behind the “exceedingly good cakes” tagline, in use continually since 1967, when the range made its debut – had its [...]
Watches of Switzerland shares surge on record revenue as US demand soars May 14, 2026 Watches of Switzerland shares surged after the firm revealed record revenue growth, boosted by wealthy Americans flocking to luxury watches. The UK’s largest luxury watch retailer hailed a 13 per cent jump in revenue to £1.8bn in the year to May, as revenue climbed by 24 per cent to £1.2bn in its US market alone. [...]
As it happened: Market jitters as Streeting set to make bid against Starmer May 13, 2026 Good morning and welcome back to the City AM liveblog. UK borrowing costs are taking a modest breathe this morning after settling much higher yesterday after a session jam-packed with political turmoil. The 10-year yield on UK gilts spiked ten basis points to over 5.1 per cent on Tuesday. Meanwhile, the 30-year yield soared to [...]
As it happened: Ministers resign as gilt yields at 28-year high May 12, 2026 The Westminster political drama rocked the bond markets with gilt yields surging to a 28-year high. The yield on 30-year gilts surged 13 basis points on Tuesday to hit 5.8 per cent. It comes as nearly 80 Labour MPs have now called for the resignation of the Prime Minister and reports suggest numerous members of [...]
Barclays and Lloyds shares sink as political storm puts banks in tax sights May 12, 2026 The UK’s banking giants led a major sell-off across the FTSE 100 this morning as a combination of political hazards hit the London stock market. Barclays was the top faller on the index shortly after market open, shedding over four per cent to 410.65p. Natwest was not far behind, also losing over four per cent [...]
As it happened – Starmer fights for premiership in make-or-break speech May 11, 2026 Welcome back to the City AM liveblog. Sir Keir Starmer will deliver a speech to the nation this morning as rivals circle whilst his premiership hangs in the balance. The Prime Minister is expected to set out his response to the disastrous local elections, where Labour lost 1,496 seats. The losses came as Nigel Farage’s [...]
FTSE 100 Live: Stocks down on election day; oil back below $100 as Iran deal hangs in balance May 7, 2026 Good morning and welcome back to the City AM liveblog. It’s local election day in the UK and Keir Starmer’s premiership is hanging in the balance as his Labour Party prepares to take a drubbing in council boroughs across the country. Gilt yields rose at their fastest rate earlier this week as the market prepares [...]