As it happened: Stocks drop on Trump-Iran warning; Mahmood tipped to be chancellor July 16, 2026 Welcome back to the City AM liveblog. The UK has received fresh economic growth data this morning which has put GDP expansion at a sluggish 0.1 per cent for the month of May. The services sector – which contributes more than 80 per cent of total economic output – grew 0.3 per cent against steep [...]
As it happened: Stocks reverse losses after Trump threatens harder strikes on Iran; Oil at four-week high July 15, 2026 Welcome back to the City AM liveblog. Oil prices have reached a four-week high after the Strait of Hormuz became too unsafe for ships travel through following the exchange of strikes between the US and Iran. Brent crude – the international benchmark for oil prices – tipped over the $87 per barrel mark on Tuesday [...]
City watchdog eyes rules overhaul for UK asset managers July 14, 2026 The UK’s financial watchdog has proposed a host of reforms aimed at simplifying reporting for asset managers and end industry confusion over complicated regulations. The Financial Conduct Authority (FCA) said the modernisation of the rules will tailor requirements for asset managers, cut costs for firms and provide better data for the sector, saving managers £128m [...]
UK borrowing costs soar as Iran ceasefire collapses July 14, 2026 The UK’s borrowing costs have sailed past five per cent for only the third time since the onset of the Iran war, in a headache for Andy Burnham just days before he enters Downing Street. The yield on the UK’s 10-year government bond – the benchmark for a country’s long-term ability to borrow – climbed [...]
Grosvenor casino owner cuts staff after Reeves gambling tax blow July 14, 2026 Grosvenor casino owner Rank Group was forced to trim its headcount in a bid to cut costs, as the company continues to deal with the fallout of Rachel Reeves hiking online gambling tax. The Chancellor’s decision to increase Remote Gaming Duty (RGD) rate from 21 per cent to 40 per cent in the last Autumn [...]
As it happened: FTSE 100 recovers after oil surge dampens mood; Strikes in the Strait of Hormuz July 14, 2026 Welcome back to the City AM liveblog. Oil prices are marching higher after the latest wave of military action in the Middle East following the US reinstating its blockade on imports from Iran. Brent crude – the international benchmark for oil prices – surged above $84 per barrel on Tuesday, bringing gains for the week [...]
Could an England World Cup win boost the markets? July 14, 2026 The equity markets of World Cup-winning countries frequently outperform immediately after victory. A Goldman Sachs study of tournaments from 1974-2014 found that every winner except Brazil in 2002 subsequently enjoyed a period of market outperformance, says Helen Thomas If football finally came home, what might it do for financial markets, aside from a late start [...]
Moneybox boosts London’s Pisces market in ‘milestone’ £45m sale July 13, 2026 Moneybox has granted London’s novice private markets platform another major boost after confirming a £45m employee share sale. The move has been hailed a “milestone transaction” in the City’s efforts to keep tech firms from looking for opportunities abroad. The fintech will use the London Stock Exchange’s Private Intermittent Securities and Capital Exchange System (PISCES) [...]
Fresh tech sell-off fears as investor chip frenzy cools July 13, 2026 Chipmaking stocks plunged in Seoul and New York on Monday as investors opted to cash out of SK Hynix following a blistering share price rally following its Nasdaq debut last week. The Kospi, Seoul’s blue-chip index, tumbled 8.9 per cent to 6,806.9 points, dragging it further from the 9,000 mark it was touching just under [...]
Plus500 revenue surges as US prediction markets drive growth July 13, 2026 Plus500 reported a rise in revenue after the trading platform pushed into the surging US prediction markets. Revenue reached a three year record high, increasing 12 per cent year on year to $462.9m (£346m). The firm also pinned the performance on “heightened market volatility”. Earnings before tax remained flat at $187.5m, after growth was offset [...]