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      War propels UK inflation in new risk for interest rate hikes

      A new paper by the free-market think tank IEA demands the Treasury to broaden its focus from inflation to total spending in the economy – which would account for both economic growth and inflation.

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      Aston Villa facing Premier League scrutiny over £55m Warehouse sale

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Oil

  • FTSE 100 Live: Airline shares fall after Wizz Air profit warning; Primark new boss

    March 5, 2026

    Good morning and welcome back to the City AM liveblog. Global markets returned to a touch of stability on Wednesday as energy prices retreated as investors awaited the latest on the events in the Middle East. The FTSE 100 ended the day 0.8 per cent higher at 10,567.65p – still far below it’s level at [...]

  • FTSE 100 Live: Stocks inch back up; UK faces energy bills warning

    March 4, 2026

    Good morning and welcome back to the City AM liveblog. Yesterday, Rachel Reeves delivered her Spring Statement. The Chancellor wheeled out new forecasts from the Office for Budget Responsibility that cut growth for 2026 but – albeit modestly – upgraded it for the years to come. But forecasts were quickly labelled out of date by [...]

  • Reeves to meet North Sea oil bosses amid inflation ‘uncertainty’ 

    March 3, 2026

    Chancellor Rachel Reeves has revealed she will meet North Sea oil and gas bosses on Wednesday in London, with a market price surge putting the UK economy’s path towards lower inflation in jeopardy.  Reeves told MPs during her Spring Statement that she would meet energy bosses from companies operating off Scotland as the government looks [...]

  • 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. [...]

  • 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 [...]

  • Investors tremble as Iran risks oil price spiral with attack on Strait of Hormuz 

    February 28, 2026

    City analysts and policymakers are on edge as a possible attack by Iran on the Strait of Hormuz could send oil prices spiralling. Investors fear a new inflationary shock could hit major economies including the UK as a result of full-blown war between the US and Iran.  Many had pinned hopes on nuclear programme negotiations [...]

  • 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 [...]

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