Ferrexpo: Miner taps Ukrainian oligarch for $100m equity lifeline April 28, 2026 Cash-strapped London-listed Ukrainian miner Ferrexpo confirmed today that existing investors are prepared to throw it a $100m lifeline as the former FTSE 250 stalwart scrambles to stay in business. It plans to issue new shares to raise the cash. But the time needed for the scheme will delay publication of its annual accounts for last [...]
BP reports highest profits since 2023 off the back of Iran war April 28, 2026 Oil and gas giant BP has reported its highest quarterly profit since 2023 in its latest trading update, as the group capitalised on rising oil prices sparked by the ongoing conflict in the Middle East. In its first results since the war in Iran broke out in February, BP reported a surge in profits to [...]
FTSE 100 Live: Stocks dip as oil edges higher; BP posts profit boom April 28, 2026 Good morning and welcome back to the City AM liveblog. Oil returned to a three-week high comfortably over the $105 mark on Monday and those gains look set to continue today. Brent crude – the international benchmark for oil prices – edged over $110 on Tuesday morning as it once again appeared peace talks in [...]
Bank of England dissenters expected to back interest rate hikes April 27, 2026 Economists have suggested that at least two members of the Bank of England’s Monetary Policy Committee (MPC) could vote for interest rates to be hiked later this week. Analysts at JP Morgan, BNP Paribas and Goldman Sachs have predicted that hawkish policymakers will push back against leaving interest rates unchanged. The Bank’s chief economist Huw [...]
FTSE 100 banks £16bn payday to face economic reality check April 27, 2026 Provisions for sour loans threaten to take a bite out of profit growth as Barclays kicks off FTSE 100 banks earnings season next week whilst economic tensions loom over the wider financial industry. UK banks will give a snapshot of the gathering tensions in the economy next week as the nation’s top lenders update the [...]
Rachel Reeves plots ‘growth push’ as Labour set for bruising elections April 27, 2026 Rachel Reeves is plotting another “growth push” as the Labour party prepares itself for a potentially bruising defeat in the local elections. The Chancellor is set to unveil a new push for fiscal discipline, a closer relationship with the EU and planning reforms in a bid to ease the nerves of the party. The forthcoming [...]
Spare us Zack Polanski and Zohran Mamdani’s empty progressivism April 25, 2026 Mamdani’s victory in New York proves it’s time to take Zack Polanski and the Green Party seriously. That means recognising how much their policy platform depends on wishful thinking and fantasy economics, says Eliot Wilson Harold Wilson, perhaps Labour’s wiliest Prime Minister, supposedly coined the phrase “a week is a long time in politics”. It [...]
Motor finance and wealth progress in spotlight for Lloyds earnings April 24, 2026 Investors will be looking for old wounds to be heal and crucial updates on expansion progress when Lloyds Banking Group gives its first-quarter update next week. The FTSE 100 banking titan – which is frequently cited as the UK’s most-traded stock – will give markets an insight into how it started the new year on [...]
Bank of England: Firms are bracing for price rises and job cuts April 24, 2026 Firms believe that employment will decline and inflation will hit four per cent in the next year, research by the Bank of England has shown, as tensions mount over spiralling wage and price growth over the next year. The Bank’s latest decision maker panel, a survey of business owners on price expectations, has fuelled concerns [...]
How to tax in an energy crisis April 23, 2026 Whether the government wants to maximise North Sea oil extraction or home grown renewables, tax policy can help, says Tim Sarson Recent global events seem to have a knack of happening in places that send energy prices through the roof. Last time it was the loss of piped gas from Russia into Europe. Now it’s [...]