Wetherspoon boss attacks Labour for ‘high street dereliction’ as profit falls Hospitality Pub chain Wetherspoon has hit out at the government for causing “high street dereliction” by hiking taxes, as the company’s profit slipped by a quarter. The London-listed pub group saw revenue jump by five per cent to £2.2bn in the year to July – in line with analyst forecasts – though pre-tax profit fell further [...]
As it happened: Stocks bounce as G7 approves emergency oil release after bound rout FTSE 100 Live Welcome back to the City AM liveblog. Stick with us throughout the day for the latest London Stock Exchange and wider business and economic news, as soon as we get it. Here’s a look at some of our top headlines: The liveblog has ended.No liveblog updates yet. Load more
FTSE 100 suffers worst single-day sell-off since May as banks brace for tax raid Markets The FTSE 100 has suffered its biggest single-day drop since May as European markets are hit by a continent-wide rout in the bond markets, which has pushed western government borrowing costs to multi-decade highs. London’s blue-chip index dropped by two per cent in early trading, erasing all its gains from the third quarter in a [...]
As it happened: FTSE 100 rocked by global bound rout; Oil back over $100 October 1, 2026 Welcome back to the City AM liveblog. Stick with us throughout the day for the latest London Stock Exchange and wider business and economic news, as soon as we get it. Here’s a look at some of our top headlines: The liveblog has ended.No liveblog updates yet. Load more
Greggs puts 740 jobs at risk as baker braces for worse inflation September 30, 2026 Greggs has announced a shakeup of its manufacturing processes which could lead to the closure of four factories and cost 740 jobs, as the baker warns of “greater inflationary pressures” across its business. The sausage roll seller told shareholders on Wednesday that it is consulting on a move to consolidate its manufacturing operations, which would [...]
As it happened: FTSE 100 gives up gains as oil rises despite emergency release; UK GDP revised September 30, 2026 Welcome back to the City AM liveblog. Stick with us throughout the day for the latest London Stock Exchange and wider business and economic news, as soon as we get it. Here’s a look at some of our top headlines: The liveblog has ended.No liveblog updates yet. Load more
FTSE 100 bosses’ pay boom fails to bridge Wall Street gap September 29, 2026 Pay for FTSE 100 bosses ballooned over the last year as boards turned to share bonuses in a bid to catch up with the compensation offered by US giants. The median granted chief executive pay in London’s blue-chip index swelled 16 per cent to £6.1m, according to a report from Diligent Market Intelligence. Long-term incentives [...]
Close Brothers raises cost-cutting target as job cuts begin September 29, 2026 Close Brothers has dialled up its cost-cutting plans and said it was “well into next stage of restructuring” after revealing it would slash its headcount by around 20 per cent earlier this year. The FTSE 250 bank said on Tuesday it had delivered £36m of savings in its latest financial year, coming ahead of the [...]
As it happened: FTSE 100 and bonds jitter; Burnham says Britain must be ‘honest’ about public finances September 29, 2026 Welcome back to the City AM liveblog. Stick with us throughout the day for the latest London Stock Exchange and wider business and economic news, as soon as we get it. Here’s a look at some of our top headlines: The liveblog has ended.No liveblog updates yet. Load more
Housebuilder shares rocket after Burnham revives Help to Buy September 28, 2026 Housebuilder shares have soared after the Prime Minister announced a new Help to Buy scheme, which it is hoped will boost the UK’s construction sector. FTSE 100 housebuilders Persimmon and Barratt Redrow jumped 15 and 13 per cent in early trading, lifting the blue-chip index to early gains. FTSE 250-listed Vistry took the biggest jump [...]