London-listed oil driller suffers sharp sell-off over Milei Falklands threats Energy Rockhopper, an London-listed oil exploration firm, is battling to slow an investor sell-off after Argentina’s president vowed to sanction any oil companies working near the Falkland Islands. In a national address, Javier Milei emphasised Argentina’s claim over the British territory and promised to sanction any oil companies working there as part of the “British occupation”. [...]
As it happened: FTSE 100 wavers as weak housebuilding drives faster construction downturn FTSE 100 Live Welcome back to City AM‘s FTSE 100 liveblog. The UK’s blue chip index made a soft start on Friday morning, as investors brace for a US jobs report and digest the latest signs of a worsening downturn in the UK’s construction sector. Borrowing costs have eased slightly, after a global rout on government bonds threatened [...]
As it happened: Vodafone leads FTSE 100 rally after TV launch; oil jumps again FTSE 100 Live Welcome back to the City AM liveblog. Telecoms giants Vodafone and Airtel Africa led a FTSE 100 rally on Thursday afternoon. Investors brushed off early losses caused by the steep sell-off in the the bond market. Two-year gilt yields, which gauges short term interest rate expectations, have jumped over 4.5 per cent, pushing up borrowing [...]
BP names new chair after boardroom bust-up September 2, 2026 Oil giant BP has named its new chair after a boardroom bust-up earlier this year sent its leadership into chaos. The FTSE 100 giant has tapped Ian Tyler, who has served as interim chair since 26 May. Tyler joined BP as a non-executive director in April 2025. He replaces Albert Manifold, who was stripped of [...]
As it happened: FTSE 100 drops; bonds sell-off cools but oil holds firm September 2, 2026 Welcome back to the City AM liveblog. The FTSE 100 fell again on Wednesday as oil prices rose higher for the third consecutive session and keeping pressure on global markets. Brent crude – the international benchmark for oil prices – held around the $95 per barrel mark, securing it highest level since mid-July. It follows [...]
As it happened: FTSE 100 slides as bound rout deepens; Oil jumps as Trump vows more strikes on Iran September 1, 2026 Welcome back to the City AM liveblog. The London market is returning from the Bank Holiday break to a fall as tensions in the Middle East are simmering over again leading to the price of oil moving higher. Brent crude – the international benchmark for oil prices – climbed over $91 per barrel on Tuesday, [...]
Oil price climbs above $90 as Iran says US diplomacy ‘isn’t possible’ August 31, 2026 The price of oil is creeping higher after the US launched strikes at Iranian rocket launchers that were reportedly preparing to lay mines in the Strait of Hormuz. Brent crude – the international benchmark for oil prices – climbed towards $91 per barrel after strikes from the US marked the first exchange of fire in [...]
As it happened: FTSE 100 jumps as oil falls back; Warsh says ‘work to do’ on inflation August 28, 2026 Welcome back to the City AM FTSE 100 liveblog. The UK’s blue-chip index extended gains on Friday after some pressures in the oil market eased off. Oil prices reared back up on Thursday night, reversing days of losses earlier in the week. The price of Brent crude – the international benchmark for oil – jumped [...]
As it happened: FTSE 100 falls but Nasdaq soars after Nvidia sales boom August 27, 2026 Welcome back to the City AM FTSE 100 liveblog. The UK’s blue chip index suffered heavy losses on Thursday, as murky US inflation data overshadowed Nvidia’s sales triumph. While headline inflation fell back, the Fed’s preferred measure – the Personal Consumption Expenditures Price Index (PCE) – is still running hot at 3.7 per cent. Investors [...]
Energy price cap rises to three-year high August 26, 2026 Brits are set for another squeeze from energy bills this winter after watchdog Ofgem confirmed the price cap was set to rise to a three-year high. The regulator said on Wednesday the default tariff for consumers across Britain would increase four per cent to £1,723 for the final quarter of the year. The rise marks [...]