Fresnillo shares slide as shining profit fails to offset fears in production Business Mining company Fresnillo saw its share price sink in morning trading, as lowered guidance took the shine off soaring profits. The group’s share price fell 5.1 per cent to 3,910 pence, bringing its staggering 419.3 per cent year-long rally to a halt, as investors became wary of a drop in production. The Mexico-based group reported [...]
FTSE 100 Live: Gas price surge after LNG halt, stocks slide amid Iran conflict Markets 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 [...]
FTSE 100 Live: Beazley seals $15bn Zurich deal, Santander in $12bn takeover Markets Good morning and welcome back to the City AM liveblog. Shares in Europe’s biggest data, publishing and legal software groups slumped on Tuesday after AI giant Anthropic unveiled a new tool aimed directly at in-house lawyers. The move rattled investors who had long viewed the sector as an AI winner. In London, Relx fell close [...]
Big banks bet on gold rally as metals channel meme stock February 3, 2026 It’s all over for doughnuts and cameras as social media’s retail investors set their sights on a new favourite investment meme. Precious metals’ start to 2026 has been nothing short of a rollercoaster. Gold rose 65 per cent last year, hitting multiple fresh records as geopolitical tensions flared. Investors flocked to the traditional safe-haven asset [...]
FTSE 100 Live: Gold back on climb; Musk’s major Space X merger February 3, 2026 Good morning and welcome back to the City AM liveblog. It was quite the day for the FTSE 100 on Monday, with the index getting swept in the global metals sell-off in early trading before clawing its way out of the red and enjoying a steady stream of gains all the way to a record [...]
Gold meltdown takes shine off speculative rally February 2, 2026 The 12th Century theologian Alain de Lille could be forgiven a chortle on his heavenly cloud after witnessing the latest rollercoaster in gold prices. “Do not hold everything gold that shines like gold,” he warned over 800 years ago, a warning that many traders failed to heed in the latest speculative rally. Last Thursday the [...]
FTSE 100 hits fresh record after gold and silver rout February 2, 2026 The FTSE 100 hit a fresh record on Monday despite being swept up in a global sell-off of metals and tech stocks that had pushed Asian and European stock markets deep into the red earlier in the day. The UK’s blue-chip index closed up 118 points to end the day at an all-time high of [...]
FTSE 100 Live: Pound at 2021 high as Trump shrugs at dollar woes January 28, 2026 Good morning and welcome back to the City AM liveblog. Has the mining sector’s rally finally run out of steam? It appeared so on Tuesday, where City banks helped lift the FTSE 100 out of the red as miners across the board sank despite the ever-increasing price of precious metals. Fresnillo – the best performing [...]
Gold hits new record high amid fresh Trump turmoil January 26, 2026 The price of gold jumped above $5,000 on Monday, as investors once again scrambled to get their hands on the safe haven asset amid heightened Trump tariff turmoil and policy changes. The precious metal surged to $5,078 (£3,716) per ounce, extending its record rally, before reaching $5,097.24 on Monday morning. Silver also hurtled past $100 [...]
Former Federal Reserve chiefs round on Trump’s ‘vindictive’ Powell salvo January 12, 2026 Donald Trump’s unprecedented decision to open a criminal indictment against Federal Reserve chair Jay Powell has been rounded on by all of his living predecessor, who accused the President of running the United States like a developing economy. In a highly unusual joint intervention, Janet Yellen, Ben Bernanke and Alan Greenspan rebuked the President’s most [...]