Trump administration slams tariff ‘hysteria’ as FTSE 100 sinks Economics A top figure in the Trump administration has slammed the “panic” fallout to President’s latest tariff salvo as global markets dove into the red on Tuesday morning. At the World Economic Forum in Davos, US Treasury Secretary Scott Bessent said the reaction to Trump’s sweeping levies echoed that of ‘Liberation Day’ in April 2025, when [...]
Wise reports jump in users ahead of US dual listing Fintech Money transfer firm Wise delivered a bumper third-quarter as the UK fintech continued to lay the groundwork for its US dual listing. The payments firm recorded a 26 per cent surge in cross-border volumes to £47.4bn in its latest quarter as its customer base swelled. Wise said it now served near-11m users, up by a [...]
House affordability offers first time buyers boost but Londoners lag behind Property Improved house affordability has sparked an uptick in first time buyer activity over the last year, but those on lower incomes remain shut out of the housing market. Affordability constraints eased slightly, due to declining mortgage rates and wage growth surpassing house price growth, bolstering buyer demand, particularly among those taking the first step onto [...]
FTSE 100 Live: Gold soars as Trump’s tariffs threaten trade war January 19, 2026 Good morning and welcome back to the City AM liveblog. It might be a new year but it’s the same issues controlling the global markets. The FTSE 100 closed last week one per cent higher than it started at 10,235.29p. But this came around 24 hours prior to President Donald Trump’s fresh tariff attack on [...]
FTSE 100 Live: Stocks fall as oil takes hit; YouTube, BBC strike deal January 16, 2026 Good morning and welcome back to the City AM liveblog. How big of a win was yesterday for Rachel Reeves? The economy grew 0.3 per cent in November – faster than expected – as Jaguar Land Rover roared back to life following a costly cyberattack that halted supply chains across the UK. But while this [...]
Schroders shares smash two-year high after surge in new business January 15, 2026 Wealth manager Schroders notched a two-year high on its stock price on Thursday morning after an influx of new business led to a major uptick in management fees. The FTSE 100 asset manager told markets it was expecting full-year operating profit to come in at £745m, up from £603m from the year prior. Shares rose [...]
FTSE 100 Live: Gold surges amid Trump tensions; JLR leads growth rebound January 15, 2026 Good morning and welcome back to the City AM liveblog. Rachel Reeves’ report card for 2025 has received another dim review with fresh figures from the Office for National Statistics (ONS) showing growth came in at a sluggish 0.1 per cent in the three months to November 2025. This was led by a modest rebound [...]
FTSE 100 Live: BP’s $5bn hit; Prudential taps ex-HSBC chair January 14, 2026 Good morning and welcome back to the City AM liveblog. Investors were taking a back seat to risk on Tuesday after President Donald Trump’s latest salvo on the Federal Reserve rocked global markets. The US Department of Justice opened a criminal investigation into the Fed’s chair, Jerome Powell, as Trump escalated his crusade against the central bank’s [...]
Wellcome Trust bolsters cash pile as stock market jitters grow January 13, 2026 Britain’s largest charity has built up a war chest of over £3.7bn in cash in a bid to safeguard its vast endowments from any impending financial correction and pounce on cut-price stock market opportunities a downturn might produce. The Wellcome Trust, a medical charity that manages nearly £40bn, revealed in its annual report that it [...]
BVCA unveils rebrand to mark private equity shift January 13, 2026 The British Private Equity and Venture Capital Association (BVCA) is rebranding to UK Private Capital, to reflect the shifting UK investment landscape. The lobby group said the change, which is subject to final approval by its members later this week, is to adapt to the growth and evolution of the UK’s private capital industry, spanning [...]