Winkworth delays legal drama for a month after family feud August 12, 2026 The family which runs City estate agent Winkworth has agreed to halt its legal spat for at least a month after chair Simon Agace and his wife tried to oust the company’s board, including Agace’s son. The AIM-listed company, run by chief executive Dominic Agace, launched legal proceedings against its chair last week after he [...]
As it happened: FTSE 100 falls as Iran and US clash over Strait of Hormuz; Oil stockpiles ‘rapidly depleting’ August 12, 2026 Welcome back to City AM liveblog. Oil prices broke above $89 per barrel on Wednesday morning, notching the sixth consecutive sessions amid mixed signals around a potential deal between the US and Iran. The regime in Iran has said that the United States must end the war before they loosen their grip on the Strait of [...]
As it happened: Stocks jittery as oil nears $90; Trump ‘semi-negotiating’ with Iran August 11, 2026 Welcome back to the City AM liveblog. Oil prices are marching higher for the fourth consecutive session, supported by new uncertainty between the US and Iran and continued agitation over the reopening of the Strait of Hormuz. Brent crude – the international benchmark for oil prices – was holding above $87 per barrel on Tuesday [...]
Shareholder backlash pushes up low-ball London takeover bids August 11, 2026 Top shareholders of London-listed firms are pushing back on takeover bids this year amid concerns buyers are capitalising on low valuations to pick up companies on the cheap. Foreign buyers have targeted companies across the London Stock Exchange this year including FTSE 100 firms Schroders, Intertek and Beazley. Retail investment firm AJ Bell said it [...]
As it happened: Intel, Arm shares slide; Oil climbs higher August 10, 2026 Welcome back to the City AM liveblog. Oil is starting the new week higher and making its third consecutive session for gains after optimism for a peace deal between the US and Iran stalled over the weekend and uncertainty around the Strait of Hormuz persisted. Donald Trump has said the US is “low-keying it” with Iran, [...]
Wizz Air profit wiped out by rising fuel prices August 6, 2026 Soaring jet fuel prices caused by the conflict in the Middle East led to a sharp drop in Wizz Air’s profit. The increased fuel costs and “extreme volatility” from the war in Iran caused the budget airline to swing to a €198.2m net loss, a significant shift from its €38.4m gains the prior year. The [...]
As it happened: Stocks fall into red as oil fluctuates over Middle East developments August 6, 2026 Welcome back to the City AM liveblog. Oil prices have fluctuated around the $80 mark over the last 24 hours following mixed developments coming out of the Middle East. Brent crude – the international benchmark for oil prices – was heading towards $79 per barrel on Thursday morning, holding up a near 10 per cent [...]
L&G cheers push into private credit as profit jumps August 5, 2026 Legal & General cheered a rise in profit amid a greater push into private credit by its asset management arm. The FTSE 100 firm toasted the “continued fundraising success” across its private markets investments as it vowed to increase investment over the next two years. Total private markets assets under management (AUM) jumped by more [...]
British brewery drafts plan to join Pisces platform August 4, 2026 A British brewery has drawn up plans to become the inaugural member of Asset Match’s new private markets platform, granting it a major boost as it competes to lure over unlisted companies to its framework. The online private stock market has welcomed Wiltshire-based brewer and pub operator Wadworth to its Private Intermittent Securities and Capital [...]
North Sea is not competitive, says BP boss days after exit August 4, 2026 The boss of BP has branded the North Sea as not competitive just days after putting the company’s assets in the basin up for sale. Meg O’Neill, who took over as chief executive in April said she had spoken with prime minister Andy Burnham as she justified BP’s decision to exit the North Sea. Speaking [...]