As it happened: Stocks jump on defence and metals boost; Oil on track to shed a fifth on US-Iran peace hopes June 30, 2026 Welcome back to the City AM liveblog. Oil’s speed of decline has taken a hit this week as investors were forced to pause at the renewal of strike action between the US and Iran. Brent crude – the international benchmark for oil prices – was steadying above $73 per barrel, holding onto some of the [...]
Bank of England chief economist ‘not trying to be a troublemaker’ on rates split June 29, 2026 The Bank of England’s chief economist has warned fellow policymakers over the risk of becoming “complacent” towards the cost of living as he defends his recent calls to hike interest rates. Huw Pill, a member of the central bank’s Monetary Policy Committee, has voted twice to increase rates to 4 per cent in the committee’s [...]
Iran war to dent passenger volumes, Heathrow warns June 26, 2026 Heathrow has told its creditors the Iran war will dent passenger volumes at the west London hub in an update in which it also railed against plans for a new regulatory model being proposed by the aviation watchdog. In a bi-annual report aimed at its bondholders, Heathrow Airport Limited (HAL) said that despite the regional [...]
As it happened: FTSE 100 scrapes into green after Segro’s surge; Oil at pre-war levels after Trump snaps at industry June 24, 2026 Welcome back to the City AM liveblog. European markets were a mixed bag on Wednesday after a bruising sell-off had investors across the globe dumping their equity exposure. In Europe, the FTSE 100 closed down just shy of 0.1 per cent on Tuesday, undershooting the bigger losses seen on Germany’s Dax at one per cent, [...]
As it happened: Stocks recover after markets rocked by tech-sell off; US claims ‘good foundations’ of Iran deal June 23, 2026 Welcome back to the City AM liveblog. Markets have shrugged off the latest developments in US-Iran peace with the FTSE 100 falling at open as London got swept up in the wider sell-off that rocked Asia and Wall Street overnight. This comes despite some progress in the Middle East, with Trump’s Vice President JD Vance [...]
As it happened: FTSE 100 finishes higher as US-Iran talks progress and Starmer resigns; Space X shares fall after bond sale June 22, 2026 Welcome back to the City AM liveblog. Markets are set to start off the new week facing renewed threats on both the domestic and geopolitical front. Over the weekend, fractures that were forming in the US-Iran peace deal burst wide open after Iran’s top military command said it shut the Strait of Hormuz after “violations” [...]
As it happened: Stocks sink after Fed and Bank of England opt for hawkish hold; Oil price tumbles June 18, 2026 Welcome back to the City AM liveblog. Interest rates were left unchanged at 3.75 per cent in Bank of England’s monetary policy committee meeting today as rate-setters wait to find out whether the Iran war peace deal holds up. The Bank’s decision followed Thursday’s inflation data, which stayed below undershot expectations after coming at 2.8 [...]
Shipping chief: Hormuz tankers reluctant to leave Gulf despite Iran deal June 17, 2026 Shipping firms remain reluctant to navigate the Strait of Hormuz sea passage despite this week’s peace deal, according to a boss of the industry’s lobby group who warned that trade volumes will not return to full capacity until next year. Peter Aylott, director of policy at the UK Chamber of Shipping, told City AM that [...]
Record number of central banks plan to increase gold holdings amid global volatility June 16, 2026 A record number of central banks are expected to increase their gold holdings over the next 12 months as global volatility continues to rock markets. Nearly 90 per cent of reserve managers anticipate central bank holdings to continue rising in the wake of the precious metal becoming the top reserve asset, overtaking US government treasuries, [...]
As it happened: Stocks rally as Trump touts Iran deal at G7 summit; Oil lowest since early-March June 16, 2026 Welcome back to the City AM liveblog. Global leaders are gathering today in France for the G7 summit as markets digest the latest developments in the US-Iran peace deal. Relief spread across global markets yesterday after the US and Iran were confirmed to have sealed a deal to stop the fighting in the Middle East [...]