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Middle East

  • Manufacturers overcome gloomy economy as output surge continues

    August 3, 2026

    Manufacturers have overcome a gloomy economic outlook across the country as businesses boosted production to levels not seen in almost two years, new data has revealed.  According to S&P Global’s monthly survey of output across manufacturers, business activity continued to increase in what was the ninth consecutive month of growth in the sector.  The purchasing [...]

  • As it happened: UK stocks cool after Astrazeneca drags; Trump and Iran clash over peace talks

    August 3, 2026

    Welcome back to the City AM liveblog. The London stock market is starting the new week relatively mixed after Donald Trump hinted a deal between US and Iran on the Strait of Hormuz is near, but was contradicted by communication from Tehran. The US President has said that Saudi Arabia, the UAE, Qatar and Iran [...]

  • Trump suspends strikes amid new peace hopes

    August 2, 2026

    President Trump has said the “perimeters of a deal” have been agreed with Iran, prompting him to call off strikes in the Middle East.  The US president said that Iran and Gulf region countries had “asked” the US to suspend strikes due to the workings of a new peace deal.  In a Truth Social post, [...]

  • Will Formula 1 need to refund sponsors for cancelled Middle East races?

    August 2, 2026

    Anna Sowerby dissects what happens with sponsorship agreements when events, such as Formula 1 Grands Prix, are cancelled As we enjoy yet another blockbuster summer of sport, the current global landscape is a stark reminder of just how quickly situations can change and put events at risk of being cancelled. The obvious example being the [...]

  • BP eyes finalising sale of solar arm to Kuwait-backed wealth fund

    July 25, 2026

    Oil giant BP is in advanced talks to sell its solar power business to an investor backed by Kuwait’s sovereign wealth fund as it moves away from pushing net zero. Private equity firm Qualitas Energy, and Wren House, the infrastructure arm of Kuwait Investment Authority, have joined forces to bid for Lighthouse, BP’s solar business. [...]

  • Burnham’s cost of living push under threat as oil hits $100

    July 23, 2026

    The benchmark oil price has hit $100 per barrel amid a re-escalation of war in the Middle East, undermining Andy Burnham’s cost of living drive.  Brent crude oil prices inched past the $100 milestone on Thursday afternoon following attacks by the Houthis, an Iran-backed militia based in Yemen, on two Saudi Arabian tankers.  The recent [...]

  • Oil prices return to crisis levels

    July 22, 2026

    Oil prices have returned to levels not seen since the beginning of June, after both the US and Iran warned that hopes of a return to peace negotiations were premature. The spot price of Brent crude broke $95 a barrel on Wednesday morning for the first time since the warring parties agreed a 60-day ceasefire [...]

  • Layoffs and an executive exit: What’s going on at London’s first listed law firm? 

    July 22, 2026

    Gateley, the City’s first listed law firm, is set to lose its chief executive and axe dozens of jobs as it grapples with a swelling cost base and fears of a slowdown in client spending.  The group, which is listed on the London Stock Exchange’s Alternative Investment Market (AIM), informed shareholders on Tuesday that chief [...]

  • As it happened: Stocks rally as defence shares surge on John Healey as Chancellor

    July 21, 2026

    Welcome back to the City AM FTSE 100 liveblog. It’s Tuesday and the markets have been adjusting to the first full day of Andy Burnham’s Labour government. Burnham shocked Westminster and the City on Monday evening when he appointed John Healey as his Chancellor, just weeks after he had resigned in protest as defence secretary. [...]

  • As it happened: John Healey named Chancellor as Burnham shakes-up cabinet

    July 20, 2026

    Welcome back to the City AM liveblog. Andy Burnham has become the UK’s newest Prime Minister, succeeding Sir Keir Starmer just two years after his landslide win at the 2024 general election. Starmer visited the King this morning to give him his resignation. In his farewell speech outside Number 10, the outgoing Prime Minister said [...]

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