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      Oil prices could race past $150 as ceasefire in ‘difficult phase’

      Oil prices have risen as Israel and Iran tensions escalated.

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stock market update

  • FTSE 100 Live: Stocks drop as oil returns to near $100 after tankers attacked

    Markets

    Good morning and welcome back to the City AM liveblog. The price of oil shot back above triple digits this morning, rising as much as nine per cent in Asian trading following the news two tankers were struck in the Gulf. An Iraqi news agency broke the news that 38 crew members have been rescued [...]

    Oil prices have risen as Israel and Iran tensions escalated.
  • FTSE 100 Live: Iran war ‘certainly not good’ for UK economy, says Rachel Reeves

    Markets

    Welcome back to the City AM liveblog for continued coverage of a frenzied week in global markets. The Chancellor has told the Treasury select committee that the ongoing fallout from the Middle east is “certainly not good for the British economy”. Following the “most intense” day of fighting in the region – and just a [...]

    Rachel Reeves delivering Spring Statement 2026 at UK Parliament, addressing economic policies and fiscal strategies.
  • FTSE 100 Live: Index hits record as HSBC, St James’s stock rally

    Markets

    Good morning and welcome back to the City AM liveblog. There’s a number of factors weighing on global markets at the moment, and yet the FTSE 100 was able to close Tuesday’s session unscathed. It came despite President Donald Trump’s new 10 per cent tariffs coming into effect, sending some jitters across global indexes. But [...]

    Grid connections for businesses delivering clean energy are to be prioritised, ministers have said.
  • Buy now, sell-off later: Where did Klarna’s IPO go wrong?

    February 20, 2026

    When Klarna finally kicked off its Wall Street listing in September chatter quickly emerged whether the move would open the floodgates to a fleet of fintech listings. With the likes of Monzo, Zilch, Revolut and Starling all speculated to be eagerly waiting in the wings, all eyes were on the Swedish unicorn as a taster [...]

  • Klarna delivers $1bn quarter but shareholder returns take beating

    February 19, 2026

    Klarna delivered a record quarter at the end of 2025, with revenue rocketing, but the firm reported a major slump in shareholder returns after its stock price took a bruising following its public debut. The Swedish fintech unicorn notched just north of $1bn (£743m) in revenue, marking a 38 per cent jump year-on-year as active [...]

  • Rachel Reeves warned ‘dysfunctional’ fiscal rules are hammering economy

    February 19, 2026

    Rachel Reeves has been dealt a scathing assessment of her economic policy by a top think tank, which likened her approach to a driver who was “watching the speedometer” while ignoring other conditions. The Chancellor is facing calls to scrap the self-imposed fiscal rules that prevent her from borrowing to pay for day-to-day spending and [...]

  • FTSE 100 Live: Centrica profit falls; Stocks dip after record rally

    February 19, 2026

    Good morning and welcome back to the City AM liveblog. It’s been quite the week for the “old and unexciting” FTSE 100. The blue-chip index closed 1.2 per cent higher on Tuesday led by a rally in the mining sector. Antofagasta led the pack up over 10 per cent, which came a day after its [...]

  • Rolls-Royce: FTSE 100 giants shares eye all-time high in tariff comeback

    February 3, 2026

    Shares in aerospace giant Rolls-Royce were back on the march to an all-time high after a tariff salvo from the US sent the City giant’s stock tumbling. The FTSE 100 titan’s stock was up 1.6 per cent to 1,250.50p on Tuesday morning, making it one of the top risers on the blue-chip index. The Derbyshire-headquartered [...]

  • FTSE 100 Live: Shell and BP lead index near 10,000 amid oil tensions

    January 5, 2026

    Good morning and welcome back to the City AM morning liveblog. The FTSE 100 kicked off the new year on the front foot marking an intraday high of 10,046.25p on Friday in the first trading session of 2026. Whilst it slipped back in later trading, strong performances across blue-chip heavyweights including Rolls-Royce and Fresnillo, led [...]

  • FTSE 100 Live: Budget hits hiring market as economy feels pinch

    December 15, 2025

    Good morning and welcome back to the City AM liveblog. On Friday, the Labour government’s mission for economic growth proved to be not just sluggish but in free fall. The latest figures published by the Office for National Statistics (ONS) dealt another blow to Rachel Reeves as new data showed production output shrank 0.5 per [...]

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