Hold interest rates but ‘sound hawkish’, City AM Shadow MPC tells Bank of England July 28, 2026 The Bank of England should hold interest rates on Thursday, City AM’s Shadow Monetary Policy Committee has said, after a string of economic data prints showed the threat of spiralling inflation had eased. The Shadow MPC – a group of economists compiled by City AM – said a series of economic data releases had suggested [...]
Why the Bank of England museum is a one-of-a-kind July 28, 2026 Where else in the country can you walk into a museum and without any guard present, lift a gold bar worth £1.2 million? Welcome to the Bank of England museum, one of the City’s hidden gems. Apart from the gold bar, a reminder of the 400,000 beneath you, the museum is a real treasure house, [...]
Burnham and Healey face investor fury over summer of tax speculation July 27, 2026 Andy Burnham and John Healey are contending with a growing backlash from investors after another summer of tax speculation looks set to leave financial managers on edge. The chief executive of one of the UK’s biggest investment platforms, AJ Bell, urged Chancellor Healey to take a more emphatic approach on ruling out tax hikes across [...]
Luxfer Enters Into Agreement to Be Acquired for $17.37 Per Share in All-Cash Transaction July 27, 2026 Luxfer Holdings PLC (NYSE: LXFR), a global industrial company innovating niche applications in materials engineering, today announced that it has entered into a definitive agreement to be acquired by affiliates of Wynnchurch Capital, L.P. (“Wynnchurch”) in an all-cash transaction. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260727527925/en/ Transaction Overview Under the terms [...]
Burnham backs plan to pump £1bn pension funds into start-ups July 27, 2026 Andy Burnham’s government is set to spearhead a new £1bn fund that will channel cash from some of the country’s biggest pension schemes into start-ups. Pension funds including Nest, the workplace scheme set up by the government, Railpen, Border to Coast and the Local Pensions Partnership Investments (LPPI) are set to back the new government-led [...]
As it happened: Stocks rise; oil falls after Trump pauses Iran strikes July 27, 2026 Welcome back to the City AM FTSE 100 liveblog. It’s Monday and the FTSE 100 has made a positive start to the week, gaining more than 70 points on the market open after oil prices began to fall from last week’s two-month highs. Brent crude, the international benchmark for oil prices, slipped to $90.58 in early trading [...]
Bank of England to hold interest rates as oil price surge threatens UK economy July 26, 2026 The Bank of England is expected to hold interest rates in a split vote on Thursday yet a surge in oil prices could complicate the crucial decision. The Bank’s Monetary Policy Committee is widely expected to leave interest rates unchanged at 3.75 per cent. Analysts believe that two members, Huw Pill and Megan Greene, could [...]
Brits dodge the high street as heatwave boosts online shopping July 24, 2026 Retail sales jumped in June as the heatwave and heavy discounting drove Brits towards online shopping. The volume of retail sales jumped by one per cent in June, having slowed slightly from 1.2 per cent growth in May, according to the Office for National Statistics (ONS). Online shopping grew to the largest proportion of total [...]
‘Door is open’ to interest rate hike as inflation fears return July 23, 2026 An interest rate hike by the Bank of England this year is back on the cards as fears of continued oil and gas trade disruption across the Strait of Hormuz could push inflation higher, according to City economists. A spike in oil prices to levels seen during the Iran war has dampened the mood across [...]
Commonwealth Games must prove crises are thing of past July 23, 2026 There is no evidence of Commonwealth Games fever in downtown St Peter Port. Guernsey, an island of 65,000 people, is sending 22 athletes to Glasgow 2026, down from 38 to Birmingham 2022. Colleagues on the island report far less public interest than four years ago. There you have these slimmed-down Games which start today in [...]