As it happened: Stocks jump on defence and metals boost; Oil on track to shed a fifth on US-Iran peace hopes Markets Welcome back to the City AM liveblog. Oil’s speed of decline has taken a hit this week as investors were forced to pause at the renewal of strike action between the US and Iran. Brent crude – the international benchmark for oil prices – was steadying above $73 per barrel, holding onto some of the [...]
Could Burnham be the answer to free-to-air sport for all? Sport Business With Andy Burnham set to be the next Prime Minister, Alan Sendorek assesses how his approach to broadcasting sport may differ from Sir Keir Starmer’s. Sir Keir Starmer – the country’s most powerful Arsenal fan – last month joined the Football Supporters Association in calling on TNT Sports to make the Champions League final available [...]
Speed or stability? Bond markets strap in for Andy Burnham coronation Economics City bond traders are strapping in for a “jumpy” ride as Andy Burnham looks set to cruise into Downing Street uncontested – even if a coronation helps head off the worst volatility, analysts have said. The former Manchester Mayor’s bid for the top job won a major boost today as former health secretary Wes Streeting [...]
As it happened: How Starmer resigned and when Streeting backed Burnham June 22, 2026 Sir Keir Starmer resigned as Prime Minister. The Labour leader said on Monday he “had heard the answer of the parliamentary party” that he was not the right person to lead the party into the next election. He said nominations for a new leader will open on July 9, and if a contest goes ahead, [...]
‘No authority’: Starmer under pressure to quit after Burnham wins in Makerfield June 20, 2026 Sir Keir Starmer is facing fresh calls to quit from his own cabinet and a Labour peer after Andy Burnham’s triumph at the Makerfield by-election. Lord Falconer, a former justice secretary under Tony Blair, became the latest Labour figure to call for the Prime Minister to step down, saying he has “absolutely no authority”. Burnham’s [...]
Visa data leak piles pressure on Britain’s digital ID push May 28, 2026 The leak of more than 100,000 passport scans and biometric selfies linked to a third-party visa website has renewed concerns over the security risks surrounding Britain’s growing shift towards digital ID systems. A site operating under the name UK Visa Portal – which is not affiliated with the UK government – was found on Wednesday [...]
Starmer urges TNT Sports to air Champions League final for free May 23, 2026 Sir Keir Starmer has urged the broadcaster of the Champions League final to air the game for free next Saturday. The Prime Minister is attempting to prevent this year becoming the first in the Champion’s Leagues 34-year history in which the final is not free to watch for British fans. The match will be streamed [...]
What does new City minister Rachel Blake have in store for the Square Mile? May 15, 2026 The Westminster drama has hit the City in more ways than one. After Wes Streeting’s resignation triggered a mini-reshuffle, Felix Armstrong and Samuel Norman take a look at what the new City minister might have in store. In just under two years, the City has its fourth minister. Tulip Siddiq resigned in January 2025 after [...]
Starmer drama: Traders bet against UK as short-selling on pound and banks surges May 14, 2026 Traders are betting against the UK as the political storm in Westminster continues to send jitters through asset markets. The pound has tumbled to a two-week low against the dollar, clinging onto the $1.35 mark on Thursday morning. Meanwhile, figures from IG revealed that short-positioning on the pound-dollar, a bet that the price will further [...]
JP Morgan chief threatens to pull £3bn investment if Labour becomes ‘hostile to banks’ May 13, 2026 The chief executive of JP Morgan has threatened to pull a major investment from the UK if Labour government policy turns “hostile to banks”. Jamie Dimon – the influential American banker – revealed plans for a £3bn square feet tower in Canary Wharf last year, which is projected to inject as much as £10bn over [...]