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: Pound dips and stocks slip as Andy Burnham victory triggers political uncertainty June 19, 2026 Good morning from the City AM liveblog team. Andy Burnham has secured his place in the House of Commons after a decisive by-election win in Makerfield overnight, with 54.8 per cent of the vote, well ahead of Reform’s 34.5 per cent. Top of Burnham’s to-do list is triggering a leadership challenge inside the Labour party, [...]
Mining boss: Platinum to become a central bank reserve asset June 18, 2026 Central banks could turn to platinum as the next frontier of their shift to bolster reserves with precious metals in favour of the US dollar, the boss of a leading miner has predicted. Valterra Platinum chief executive Craig Miller said that the world’s reserve banks are increasingly likely to view platinum as a safe haven [...]
Intertek to quit FTSE 100 after agreeing £11bn EQT takeover June 18, 2026 FTSE 100 giant Intertek has agreed to an £11bn takeover by Swedish buyout firm EQT, triggering the latest high-profile departure from the London Stock Exchange. The testing and assurance company said on Thursday that it has agreed to the £60 per share offer, valuing the deal at £9.5bn, or £10.9bn including debt. The agreement seals [...]
As it happened: FTSE 100 see-saws after inflation undershoots; Oil at $80 as Trump threatens ‘dropping bombs’ on Iran June 17, 2026 Welcome back to the City AM liveblog. Fresh inflation data this morning showed a reading of 2.8 per cent leading the consumer price index unchanged from May. This came under the expectations of a poll of City analysts by Bloomberg that forecast inflation would come in at three per cent for May. Core inflation, which [...]
Billionaire IWG founder Mark Dixon steps down as chief executive June 16, 2026 The billionaire founder of IWG has unveiled plans to step down as chief executive, ending his decades-long control of the serviced office group. Mark Dixon, the Essex-born entrepreneur who founded the London-listed company as Regus group in 1989, will transition into the role of chairman while chief transformation officer Christian Schmitz is to step into [...]
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 [...]
Boots moves closer to London float but billionaire Westons circle June 16, 2026 With one potential suitor out of the running, high street titan Boots is moving closer to a London float, a move that would mark a return to the FTSE 100 for one of the UK’s biggest retailers and deliver a major boost to UK capital markets. The 177-year-old British pharmacy saw the withdrawal of Sigma [...]
SpaceX IPO could get wave of Brits back into equity markets, Peel Hunt boss says June 15, 2026 The success of the trillion-dollar SpaceX IPO could help drive a wave of fresh interest into investing in the stock market, the boss of one of London’s biggest brokers has said. The float, which raised a whopping $75bn (£56bn), included millions of shares allocated to UK retail investors thought to be worth around £271m, with [...]
‘Nothing is straightforward’: Market analysts warn of US-Iran deal complications June 15, 2026 Top market analysts warned on Monday that “nothing is straight forward” as euphoria spread across European equities after a confirmed peace deal between the US and Iran. Stock markets opened in the green as investors returned to a risk-on mentality after Pakistan announced an agreement between the two nations and Donald Trump declared the oil [...]