As it happened: FTSE 100 dives as oil prices surge past $100 in blow to inflation September 9, 2026 Welcome back to City AM’s FTSE 100 liveblog. The UK’s blue-chip index fell on Wednesday as oil prices reared up yet again, reaching six-week highs. Speaking late on Tuesday, Andrew Bailey caused fresh speculation that the Bank of England could hike interest rates when he said that risks to inflation remain “on the upside”. The [...]
As it happened: FTSE 100 waivers; oil nears $100 on new Hormuz sanctions September 8, 2026 Welcome back to City AM’s FTSE 100 liveblog. The UK’s blue-chip index slipped on Tuesday morning, as investors weighed fresh tensions in the Middle East which boosted London’s oil majors but dragged on other members. Oil prices continued to march upwards. Brent crude – the international benchmark for oil prices – gained another 1.5 per [...]
House prices fall for first time in three years as borrowing costs weigh on buyers September 7, 2026 House prices fell in the year to August in the first annual decrease in nearly three years, as high borrowing costs cause prospective buyers to “sit tight”. The average UK house price edged down 0.2 per last month to £298,468, according to Lloyds’ house price index. This marks a 0.4 per cent year-on-year fall, the [...]
Britain ‘taxing itself to death,’ Burnham warned September 6, 2026 One of the US’ leading economists has warned Andy Burnham that Britain is “taxing itself to death” in a major intervention ahead of the October Budget. Arthur Laffer, a former economic adviser to three presidents, has warned that the UK is in a “death spiral” ahead of his visit to the country. He wrote in [...]
As it happened: FTSE 100 wavers as weak housebuilding drives faster construction downturn September 4, 2026 Welcome back to City AM‘s FTSE 100 liveblog. The UK’s blue chip index made a soft start on Friday morning, as investors brace for a US jobs report and digest the latest signs of a worsening downturn in the UK’s construction sector. Borrowing costs have eased slightly, after a global rout on government bonds threatened [...]
IMF sounds alarm on borrowing costs surge as bond rout deepens September 2, 2026 The global rise in borrowing costs is a “particular concern,” the International Monetary Fund has said, as UK bond yields reach a level last seen in the financial crisis. The yield on the 10-year UK gilt climbed four basis points on Wednesday morning to near 5.27 per cent, which followed the previous day’s rally that [...]
As it happened: FTSE 100 drops; bonds sell-off cools but oil holds firm September 2, 2026 Welcome back to the City AM liveblog. The FTSE 100 fell again on Wednesday as oil prices rose higher for the third consecutive session and keeping pressure on global markets. Brent crude – the international benchmark for oil prices – held around the $95 per barrel mark, securing it highest level since mid-July. It follows [...]
Healey facing £6bn hit as UK borrowing costs reach highest point since financial crisis September 1, 2026 UK borrowing costs have hit their highest level since the financial crisis as gilts were swept up in a mass rout across global bond markets. The UK government is set to pay a higher rate on debt interest as 10-year gilt yields, the benchmark for borrowing costs, were up by as much as 15 basis [...]
As it happened: FTSE 100 jumps as oil falls back; Warsh says ‘work to do’ on inflation August 28, 2026 Welcome back to the City AM FTSE 100 liveblog. The UK’s blue-chip index extended gains on Friday after some pressures in the oil market eased off. Oil prices reared back up on Thursday night, reversing days of losses earlier in the week. The price of Brent crude – the international benchmark for oil – jumped [...]
As it happened: FTSE 100 falls but Nasdaq soars after Nvidia sales boom August 27, 2026 Welcome back to the City AM FTSE 100 liveblog. The UK’s blue chip index suffered heavy losses on Thursday, as murky US inflation data overshadowed Nvidia’s sales triumph. While headline inflation fell back, the Fed’s preferred measure – the Personal Consumption Expenditures Price Index (PCE) – is still running hot at 3.7 per cent. Investors [...]