As it happened: FTSE 100 scrapes into green after Segro’s surge; Oil at pre-war levels after Trump snaps at industry Markets Welcome back to the City AM liveblog. European markets were a mixed bag on Wednesday after a bruising sell-off had investors across the globe dumping their equity exposure. In Europe, the FTSE 100 closed down just shy of 0.1 per cent on Tuesday, undershooting the bigger losses seen on Germany’s Dax at one per cent, [...]
As it happened: FTSE 100 finishes higher as US-Iran talks progress and Starmer resigns; Space X shares fall after bond sale Markets 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” [...]
Iran to close Strait of Hormuz as Trump threatens toll Economics Iran’s top military command has said it will shut the Strait of Hormuz in response to alleged violations of the ceasefire agreement despite President Trump’s threats to impose a toll if the stretch of water is closed off. The Iranian leadership said the crucial shipping passage will be closed to vessel traffic as the “first [...]
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 [...]
‘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 [...]
As it happened: FTSE 100 rises as easing Iran tensions offset GDP blow; SpaceX set for blast off June 12, 2026 Welcome back to the City AM liveblog. Global equity investors are bracing for Musk’s record-breaking market debut SpaceX is set to begin trading on Nasdaq today after Elon Musk’s rocket, satellite and AI empire pulled off the largest IPO in market history. The company raised $75bn after pricing shares at $135, giving it a $1.77 [...]
As it happened: Starmer dealt defence blow as investors react June 11, 2026 This was the City AM liveblog on Thursday 11 June. John Healey resigned as defence secretary over a lack of funding for the armed forces, heaping pressure on Sir Keir Starmer. Industry officials reacted with regret and paid tribute to Healey. The FTSE 100 also climbed on Thursday to defy fresh tensions between Iran and [...]
Heathrow slams regulator plans to ‘take UK backwards’ by slashing investment June 11, 2026 Heathrow has issued a scathing rebuttal of the regulator’s plans to crack down on the airport’s spending and expansion, warning that this risks “taking the UK backwards”. The UK’s largest airport said that the Civil Aviation Authority’s (CAA) “proposed cuts to our investment plans risk taking the UK backwards and weakening our competitiveness”. The CAA [...]
Wizz Air ‘resilient’ after route cancellations wipe out profit June 11, 2026 Wizz Air has insisted its decision to halt operations in Vienna and Abu Dhabi positioned the airline for “long term resilience,” despite causing net profit to drop by nearly 99 per cent. The FTSE 250-listed airline said its slump in net profit from €214m to €1m was due to the “one-off headwinds” of these route [...]
Kennedys tops £450m global revenue as Middle East conflict helps drive growth June 10, 2026 Law firm Kennedys has reported its 12th consecutive year of growth, surpassing £450m for the first time, with the Middle East conflict partly driving revenue. The City-headquartered firm, which specialises in advising the insurance sector, has generated £457m for the financial year 1 April 2025 to 31 March 2026, up from £428m in the previous [...]