Housebuilder Bellway warns mortgage rate hikes dampening housing demand June 9, 2026 Bellway has said that recent rises to mortgage rates as a result of the Iran war are dampening demand for housing, on top of rising building cost inflation due to the conflict. The FTSE 250 housebuilder said it has seen a “moderation” in customer demand in April and May, bringing an end to a “positive” [...]
As it happened: FTSE 100 and Wall Street hit by stock sell-off; CBI cuts UK GDP June 9, 2026 Welcome back to the City AM liveblog. Rachel Reeves is staring down another bruising growth downgrade this morning after the Confederation of British Industry (CBI) slashed the UK’s GDP forecast to 1.1 per cent for the year. The figure is a drop from 1.4 per cent last year and below the previous consensus of 1.3 [...]
Tate & Lyle becomes latest market stalwart to quit London June 9, 2026 Tate & Lyle on Monday became the latest City stalwart to head for the door. Felix Armstrong recounts the accelerating exodus from London’s stock market As the summer holidays beckon, stalwarts of the London Stock Exchange are packing their bags ahead of a potential departure to warmer climes. FTSE grandee Tate & Lyle became the [...]
Balfour Beatty emerges from US oversight scheme after fraud against military June 8, 2026 There was a “landmark moment” for FTSE 250 firm Balfour Beatty on Monday, with the announcement that its US subsidiary emerged from special scrutiny from the Department of Justice (DoJ). The news came as both a reminder of the global reach of London’s major support services sector and the pitfalls it can face from complex, [...]
Tate & Lyle confirms £2.7bn takeover by US rival June 8, 2026 Tate & Lyle has accepted a £2.7bn takeover deal by a rival American food firm, in the latest flight of a historic brand from London’s stock market. The 123-year old business said Ingredion’s offer – which totals 615p per share – represents an “attractive opportunity for shareholders”. The deal comes after the company revealed another [...]
As it happened: Stocks and oil recover as Iran declares end to strikes; tech rally rocks markets June 8, 2026 Good morning and welcome back to the City AM liveblog. The FTSE 100 edged into the green on Monday lunchtime and US futures pointed to gains, as the markets looked to claw back early jitters caused by fresh Middle East strikes and a tech stock sell-off. An exchange of fire from Iran and Israel left [...]
As it happened: US jobs smash forecasts; Stocks in green amid cloudy US-Iran peace talks June 5, 2026 Welcome back to the City AM liveblog. Speculation around a peace deal between the US and Iran is continuing to leave markets struggling for direction as hopes of an official agreement face roadblocks. A current draft of a memorandum of understanding between Iran and the US has ambiguities that have to be clarified, an adviser [...]
King Charles’ cleaner ups dividend after revenue surge June 4, 2026 The official cleaner for King Charles III has upped its dividend as the facilities management business said it was able to get its customer base to dig deeper into their wallets. FTSE 250 member Mitie, which was recently awarded a Royal Warrant by appointment by Charles for services to the Royal Household, is to issue [...]
As it happened: Stocks mixed as Trump warns takes ‘two to tango’ on Iran peace June 4, 2026 Good morning and welcome back to the City AM liveblog. Donald Trump has hinted a peace deal in the Middle East could come as soon as “over the weekend” in the latest back-and-forth of negotiations between the US and Iran. The President yesterday doubled down once more on his claim that Iran is set to [...]
Computacenter joins FTSE 100 in reshuffle as index builds tech exposure June 4, 2026 The latest quarterly reshuffle of the FTSE 100 has seen Computacenter, Investec and Aberdeen promoted to the top-tier index of the City’s most valuable companies, bringing a constituent with some direct exposure to the artificial intelligence boom to the City’s most famous benchmark. Computacenter’s rise from the FTSE 250 to blue-chip status looks somewhat like [...]