By: Felix Armstrong

Felix Armstrong is a freelance journalist interning at City A.M. He is currently studying at the University of Cambridge, and has written for the Telegraph and the Times.

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As it happened: IMF lifts UK GDP and stocks reverse losses as bonds warned of ‘correction’

May 18, 2026

Welcome back to the City AM liveblog. The bond market is taking a breathe after mountains of pressure on Friday. The UK’s borrowing costs hit their highest since 2008, charging to 5.17 per cent during one part of the day’s trading session. This was topped once more on Monday morning, but since then yields have [...]
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 [...]
FTSE 100 Live: Stocks down on election day; oil back below $100 as Iran deal hangs in balance

May 7, 2026

Good morning and welcome back to the City AM liveblog. It’s local election day in the UK and Keir Starmer’s premiership is hanging in the balance as his Labour Party prepares to take a drubbing in council boroughs across the country. Gilt yields rose at their fastest rate earlier this week as the market prepares [...]
Supermarket inflation: Falling oil prices help keep costs down at the till

May 6, 2026

Thank goodness for the price of oil. No, not Brent crude – the stuff that has sent costs at the pump up sharply since the outbreak of war in Iran – but cooking oil. A 500ml bottle of rapeseed oil fell by an average of 14 per cent between April and May across three supermarkets [...]
FTSE 100 Live: Gilt yields surge over Starmer fears; Intel, Pinterest shares rocket

May 5, 2026

Good morning and welcome back to the City AM liveblog. Gilt yields have risen to their highest rate in nearly thirty years, as markets weigh up the prospect of an ousted Keir Starmer and lurch to a more left-wing government that might follow. The yield on 30-year government bonds rose 11 basis points on Tuesday [...]
Petrol retailers vindicated after Reeves ‘profiteering’ claims

May 1, 2026

Petrol retailers have been vindicated of “price gouging”, pouring cold water on the government’s accusations of profiteering from the war in Iran. The Competition and Markets Authority (CMA) found that higher fuel prices in the UK were caused by the rising cost of oil, rather than by retailers expanding their margins to profit from the [...]
FTSE 100 Live: Stocks drop amid US-Iran war mixed messaging; House prices up

May 1, 2026

Good morning and welcome back to the City AM liveblog. Markets are scrambling for some messaging this morning as tensions around the Iran war drag on. Donald Trump faced a deadline for today whether to formally end the war in Iran or make the case to the US Congress for extending it. But an official [...]
Bank of England Live: Interest rates held as hawks warn of ‘highly uncertain’ energy prices

April 30, 2026

Welcome back to the City AM liveblog. The Bank of England’s Monetary Policy Committee has today decided to hold interest rates at 3.75 per cent in a hawkish display. In last month’s decision, the Bank held rates in a unanimous decision. Afterwards, short-term gilt yields, which reflect government borrowing costs, sharply rose as traders priced [...]
FTSE 100 Live: Stocks drop as oil holds firm over $110; UK growth slashed

April 29, 2026

Good morning and welcome back to the City AM liveblog. Oil prices are holding firm tipping over the $110 mark, bringing the cost of a barrel closer to the highs of $118 it peaked at earlier in the Iran war. Brent crude – the international benchmark for oil – advanced another one per cent on [...]
Barclays takes shot at tax speculation as UK growth forecast cut

April 28, 2026

Barclays has taken a shot at the wave of tax speculation surrounding the industry as the bank trimmed its growth output for the year ahead. Fears the banking sector might be targeted for a cash grab have gathered pace following the war in Iran, amid concerns over mounting cost pressures. The Middle East conflict is [...]

Advertising at World Cup: Levi’s genius, hydration breaks and dodging rules

Advertising at World Cup: Levi’s genius, hydration breaks and dodging rules

Procter & Gamble axes relationship with Kremlin propaganda channel

By: Felix Armstrong

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