As it happened: Stocks higher as oil price sinks; Reeves makes bid to stay as Chancellor Markets Welcome back to the City AM liveblog. The price of oil is heading lower this morning as the outlook around the Strait of Hormuz improves. Brent crude – the international benchmark for oil prices – tumbled below $73 per barrel, extending losses for a fourth consecutive session. These moves helped wipe out all the gains [...]
England’s secret weapon against World Cup heat? British company’s £26 product Sport Business England have turned to a British hot water bottle maker for help coping with the extreme World Cup heat ahead of their tournament opener against Croatia in Dallas tonight. High temperatures are expected to be a defining feature of this tournament – with dangerous conditions possible in 14 of the 16 host cities – and, [...]
Private equity faces ‘sharp shock’ of triple threat stalling market momentum Business The global private equity market has stalled as it faces a triple-shock of issues which are contributing to a slowdown in market momentum, according to new figures from Bain & Company. The Big Three consulting firm said in its midyear report on private equity that the industry, “which was gathering momentum at the start of [...]
Fifa boss Infantino pips PSG chief Al-Khelaifi in City AM Football Power List June 4, 2026 Fifa president Gianni Infantino has topped the inaugural City AM Football Power List, a week before the biggest ever men’s World Cup is due to kick off. The ranking, compiled with a 16-strong panel of expert judges drawn from across the sports industry, is designed to be a snapshot of who controls the most popular [...]
City AM Football Power List 2026: Who really runs the world’s most popular sport? June 4, 2026 The City AM Football Power List seeks to answer a simple question: ahead of the 2026 World Cup, who really runs the planet’s favourite sport? To answer it, we assembled a panel of experts from across the sports industry and picked their brains for nominations and, ultimately, a top 25. You can read more about [...]
Iran deal is ‘largely negotiated’ as Trump teases Strait of Hormuz re-opening May 24, 2026 President Trump has said that a peace deal with Iran is “near” as the Strait of Hormuz could re-open within days. On Saturday, Trump said the key trading route would be re-opened in the terms of a deal to be “announced shortly”. He wrote on a social media post: “Final aspects and details of the [...]
Why we can’t just dismiss Infantino’s sports diplomacy with Trump May 3, 2026 Former FCDO special adviser, Flint Global’s Alan Sendorek, discusses the sport diplomacy playing out with Fifa’s Infantino and Trump at its centre. Gianni Infantino’s efforts to cultivate a visibly warm relationship with Donald Trump have been mocked in many quarters. From the award of the inaugural Fifa Peace Prize to hailing the President as ‘my [...]
‘Outlook uncertainty’: Interest rates to be left unchanged in crunch decision April 24, 2026 The Bank of England is set to leave interest rates unchanged at a highly-anticipated meeting on Thursday as investors are looking for further guidance on the impact of the Iran war on the UK economy. Markets have all but priced in a hold at the Monetary Policy Committee’s next meeting, which would leave interest rates [...]
‘Beautiful thing’: Trump moots US-Iran tax for ships in Strait of Hormuz April 8, 2026 President Trump has floated the prospect of a “joint venture” with the Iranian leadership on administering a tax on ships passing through the Strait of Hormuz in a new peace deal for the region. Trump said both the US and Iran could jointly tax ships passing through the stretch of water, which is critical for [...]
14 charts reveal the massive challenges facing UK and NATO defence spending April 7, 2026 Defence spending is casting a shadow over Downing Street. Military officers are in a state of despair. The choices facing Sir Keir Starmer are stark. The political calculus for the Chancellor, Rachel Reeves, has become more complicated than ever as the Iran war puts public finances in danger. Their difficulties go back to February 2025 [...]