FTSE 100 Live: Stocks rally on Trump-China talks; Gilt yields ease ahead of King’s Speech Markets Good morning and welcome back to the City AM liveblog. UK borrowing costs are taking a modest breathe this morning after settling much higher yesterday after a session jam-packed with political turmoil. The 10-year yield on UK gilts spiked ten basis points to over 5.1 per cent on Tuesday. Meanwhile, the 30-year yield soared to [...]
As it happened: Ministers resign as gilt yields at 28-year high Markets The Westminster political drama rocked the bond markets with gilt yields surging to a 28-year high. The yield on 30-year gilts surged 13 basis points on Tuesday to hit 5.8 per cent. It comes as nearly 80 Labour MPs have now called for the resignation of the Prime Minister and reports suggest numerous members of [...]
As it happened – Starmer fights for premiership in make-or-break speech Markets Welcome back to the City AM liveblog. Sir Keir Starmer will deliver a speech to the nation this morning as rivals circle whilst his premiership hangs in the balance. The Prime Minister is expected to set out his response to the disastrous local elections, where Labour lost 1,496 seats. The losses came as Nigel Farage’s [...]
FTSE 100 Live: Stocks jump; oil dips below $100 as Trump says Iran deal close May 6, 2026 Good morning and welcome back to the City AM liveblog. Brent crude dipped below $100 at Wednesday lunchtime after Donald Trump has hailed “great progress” towards a “final agreement” with Iran, prompting a rally in the FTSE, Asian markets and Wall Street. In a sudden reversal late last night, President Trump said he will pause [...]
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 [...]
Gilt traders fear Labour electoral losses May 4, 2026 A widespread defeat for Labour in Thursday’s regional elections could trigger a “swing to the left politically” investors have warned, putting further pressure on government borrowing costs that are already at their highest levels since the financial crisis. Polling has suggested Labour is set to lose over 1,000 seats to other parties, including leftwing Green [...]
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 [...]
Oil price rockets to wartime high as Trump eyes fresh military action in Iran April 30, 2026 Brent oil surged to a new high during early-morning Thursday trading after reports that US president Donald Trump is set to receive a briefing on new military operations in Iran, raising fears over an end to the fragile ceasefire between the two nations. The global benchmark surged as much as 7.1 per cent this morning, [...]
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 [...]
Citadel founder questions understanding of private credit risks April 29, 2026 Hedge fund billionaire Ken Griffin has questioned whether wealthy individuals understand the risks that come with investing in private credit, as the industry wobbles under pressure from investors looking to pull money out. Griffin, who founded $67bn hedge fund Citadel and trading firm Citadel Securities, is the latest in a string of high-profile financial leaders [...]