FTSE 100 Live: BT-Verizon deal; Stocks wobble as US and Iran renew talks; Burnham lays out plans for government
FTSE 100 Live: Unemployment rises; Debenhams’ £35m raise February 17, 2026 Good morning and welcome back to the City AM liveblog. The UK unemployment rate has risen again this morning, with fresh data from the Office for National Statistics (ONS) showing the rate had surged to 5.2 per cent in the three months to December 2025. This was up from 5.1 per cent in the latest [...]
Gloomy Brits’ sluggish spending set to drag on economic growth February 16, 2026 Brits continued to tighten their pockets in January as economists warned sluggish spend from consumers could trigger a “sustained drag on economic growth“. S&P Global’s latest Consumer Sentiment Index (CSI) showed a reading of 44.8, indicating further deterioration across household confidence with the figure remaining below the 50.0 mark that indicates neutrality. Whilst it crept [...]
Inflation tipped to fall to year-low in boost to interest rate cuts February 16, 2026 Inflation is tipped to fall back to its lowest level for nearly a year in a busy week for UK economic data, with hopes the drop will help accelerate the Bank of England’s rate-cutting cycle. Economists are expecting the Office for National Statistics to show a sharp reprieve in the Consumer Price Index – the [...]
FTSE 100 Live: Zurich and Beazley £8bn deal gets time; Defence and bank stocks rally February 16, 2026 Good morning and welcome back to the City AM liveblog. The first round of 2026 tech wobbles kicked into action last week and revived fears of an AI bubble. When Anthropic released a new AI tool designed to help in-house legal teams triage agreements and draft routine responses, the reaction trickled down through law firms straight into [...]
Natwest hikes dividend after profit hits post-financial crisis high February 13, 2026 Natwest laid out plans to splash the cash to shareholders in its full-year earnings report on Friday as the bank’s profit reached its highest since the 2008 financial crisis. The FTSE 100 banking giant – which returned to private ownership in the last year – recorded pre-tax profit of £7.7bn in 2025 financial year, up [...]
FTSE 100 Live: Natwest bumper dividend, stocks tick up February 13, 2026 Good morning and welcome back to the City AM liveblog. The City was left stunned yesterday after Schroders entered into a surprise £10bn deal with Nuveen, which holds $1.4tn in assets, after speculation of a sale was rebuffed in July. Schroders Group chief Richard Oldfield had previously squashed rumours that the Schroder family, who control [...]
Angela Rayner and Andy Burnham criticise pub tax raid February 12, 2026 Two prominent potential leadership challengers to Sir Keir Starmer have attacked the government’s tax regime for putting hospitality businesses, and particularly pubs, under serious pressure. Angela Rayner acknowledged that the hike to the minimum wage has put pressure on hospitality businesses, and said that the government needs to “start relieving” the sector. Starmer’s former deputy [...]
GDP: UK faces ‘most dismal decade for growth in 100 years’ February 12, 2026 The UK economy had a minor expansion in the fourth quarter of 2025 coming a touch below expectations as an expected boost from the services sector failed to come to fruition. Fresh figures from the Office for National Statistics (ONS) showed the economy expanded a sluggish 0.1 per cent in three months to December 2025. [...]
Reform UK’s rise: Will City law firms shift their support? February 12, 2026 Businesses, including law firms, snuggled up to Labour in 2024 but with Reform UK on the agenda, will firms shift their focus before the next election? Unlike in the US, business lobbying of British political parties and the UK government is kept somewhat behind closed doors, but it remains a powerful tool. For professional services, [...]
Starmer only cares about victims ‘to save his skin’, Badenoch blasts February 11, 2026 Sir Keir Starmer faced a brutal grilling at Prime Minister’s Questions on Monday where Kemi Badenoch accused the Prime Minister of only caring about victims of sexual abuse “to save his skin”. In a fiery exchange that was highly party-political but light on policy, the Labour leader said he had “accepted responsibility and apologised for [...]