Spring Statement Live: UK growth cut for 2026 but Reeves touts future forecasts March 3, 2026 Welcome back to the City AM liveblog. Rachel Reeves delivered her Spring Statement today, as the Office for Budget Responsibility published its updated forecasts for the years ahead. The Chancellor was handed quite a hefty blow with the UK’s growth estimate for 2026 slashed to 1.1 per cent from 1.4 per cent the year prior. [...]
Reeves delivers Spring Statement as war rages and markets tremble March 3, 2026 Spare a thought for Rachel Reeves. She had hoped to make a Spring Statement that nobody noticed and yet today she has to deliver it as war rages in the Middle East, triggering warnings of energy price shocks, instability and inflation. There is a very real prospect that the economic forecasts to which the Chancellor [...]
Dow Jones slides as FTSE 100 extends losses amid Iran strikes March 2, 2026 Wall Street joined Europe as markets opened on Monday with losses spread across the board as tensions escalated across the Middle East. The Dow Jones dropped nearly one per cent on open to 48,534.58 whilst the S&P 500 shed around 0.7 per cent to 6,828.47. The tech-heavy Nasdaq tumbled 0.7 per cent to 22,505.32. In [...]
Oil prices spike as UK base hit by Iranian missile March 2, 2026 Oil prices spiked this morning as tensions continued to escalate in the Middle East, raising concerns that a key shipping route could be halted and an Iranian missile attack on an RAF base could drag the UK into a regional war. The cost of a barrel of brent crude – the international benchmark for oil [...]
FTSE 100 Live: Gas price surge after LNG halt, stocks slide amid Iran conflict March 2, 2026 Good morning and welcome to the City AM liveblog. Global markets were in store for another dose of risk to kick off the new week after tensions in the Middle East reached a boiling point over the weekend. The cost of a barrel of brent crude – the international benchmark for oil prices – climbed [...]
Sunak pushes deregulation as North Sea pressure grows March 1, 2026 Rishi Sunak has urged Rachel Reeves to go further and faster on deregulation to revive growth, as eight former UK energy ministers call on the government to rethink its stance on North Sea oil and gas. The former prime minister wrote in a Sunday Times column that Reeves deserved credit for delivering a Spring Statement [...]
FTSE 100 Live: WPP sinks; LSEG, Rolls-Royce bumper buybacks February 26, 2026 Good morning and welcome back to the City AM liveblog. After a few days of tariff-induced risk aversion, the FTSE 100 was back on blistering form on Wednesday, finishing the day’s trading session with a new record. London’s blue-chip index soared over one per cent to seal yet another record close at 10,806.41p. This was [...]
FTSE 100 Live: Retail sales inch up; Segro ups dividend February 20, 2026 Good morning and welcome back to the City AM liveblog. The FTSE 100 took a breather from its blistering record run on Thursday after a major stock tumble at British Gas owner Centrica led the index into the red. Centrica shed over five per cent after telling markets it would hit pause on its share [...]
Greggs deals help Gerald Ronson’s forecourt business post £100m profit February 11, 2026 The petrol forecourt empire owned by City veteran Gerald Ronson has turned a profit just shy of £100m after an expansion in the firm’s partnership with Greggs. GMR Capital, the parent company behind forecourt firm Rontec, posted pre-tax profit of £98.4m for the year to end September 2025, a jump of 6 per cent compared [...]
Bank of England Live: Interest rates held in narrow 5-4 call February 5, 2026 Good morning and welcome to the City AM liveblog. The Bank of England’s monetary committee has decided to hold rates in its first meet of the year. Markets – and City AM‘s own Shadow MPC – had placed their bets on a hold as the Bank continues its gradual chop to the base rate. In [...]