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 [...]
Oil prices return to crisis levels July 22, 2026 Oil prices have returned to levels not seen since the beginning of June, after both the US and Iran warned that hopes of a return to peace negotiations were premature. The spot price of Brent crude broke $95 a barrel on Wednesday morning for the first time since the warring parties agreed a 60-day ceasefire [...]
‘False dawn’: June inflation falls to 2.6 per cent but analysts say rises ahead July 22, 2026 Inflation remained stuck above the Bank of England’s target rate despite government promises to tackle the cost of living. The Office for National Statistics said consumer price index (CPI) inflation was 2.6 per cent in the year to June. Analysts predicted the price growth reading to be 2.7 per cent, lower than the 2.8 per [...]
CI Financial Holdings Ltd. Prices Private Offering of U.S. Dollar Junior Subordinated Notes July 22, 2026 CI Financial Holdings Ltd. (“CI” or the “Company”) today announced that it has successfully priced its private offering (the “Offering”) of US$500 million aggregate principal amount of its 7.625% fixed-rate resettable junior subordinated notes due 2056 (the “Notes”). The Offering is expected to close on July 23, 2026, subject to satisfaction of customary closing conditions. [...]
Four charts revealing scale of Andy Burnham’s economic challenge July 21, 2026 Andy Burnham has harboured ambitions to be Prime Minister for over a decade. But the economy he is inheriting will take the shine off his lofty hopes – just look at these four charts. As he stepped out onto Downing Street for the first time as Prime Minster, Andy Burnham allowed himself to break out [...]
IMF warns Bank of England against cutting interest rates July 17, 2026 The Bank of England must keep interest rates on hold for as long as risks from the Iran war persist, the International Monetary Fund has said. In its annual temperature check of Britain’s economic outlook, the fund warned rate setters to keep monetary policy “sufficiently restrictive” to avoid sparking a painful bout of inflation that [...]