News
FTSE 100 Live: Stocks plunge in market panic; Oil price hits $100
2+ hour, 26+ min ago (257+ words) By: Samuel Norman, Maria Ward-Brennan, Maisie Grice and Simon Hunt Good morning and welcome back to the City AM liveblog. The chaos in global markets of last following the breakout of conflict in the Middle East is poised to continue…...
Fish and chip shops under threat as Iran war spikes energy prices
2+ day, 17+ hour ago (547+ words) Britain's beloved fish and chip shops could go under as they brace for the boom in energy and import costs caused by the Iran war, an industry leader has warned." Andrew Crook, president of the National Federation of Fish Friers…...
'And so it begins' - Mortgage lenders kick rates back up amid Middle East crisis
3+ day, 20+ hour ago (198+ words) A number of mortgage lenders are kicking the their rates back up, with more expected to follow, as market conditions remain volatile due to the unfolding crisis in the Middle East. HSBC UK has said it will increase some of…...
Bank of England could raise interest rates over Iran energy price shock
4+ day, 18+ hour ago (183+ words) Politics and Economics Reporter The Bank of England could raise interest rates this year if energy prices fail to return to levels seen before the start of America's war with Iran, leading economists have warned." Analysts across the City and…...
Shop price inflation eases in relief for cash-strapped Brits
5+ day, 21+ hour ago (547+ words) Shop price inflation slowed in February, as retailers introduced a raft of promotions to ease the cash burden on struggling shoppers." The price of goods in UK shops grew at a rate of 1.1 per cent in February year on year,…...
What does Rachel Reeves' 'low-key' Spring Statement mean for markets?
1+ week, 2+ hour ago (404+ words) Ahead of Rachel Reeves" Spring Statement on Tuesday, Investec"s Chief Economist Philip Shaw sat down with City AM"s Rupert Hargreaves to discuss what investors should look out for in the key statement. The key point, though, is that…...
UK unemployment will surpass pandemic high, says JP Morgan
1+ week, 6+ day ago (158+ words) UK unemployment will brush past its peak in the Covid-19 pandemic, Wall Street's biggest bank has predicted, as employer's still feel the brunt of Rachel Reeves' cash grabs. The rate of unemployed Brits is tipped to reach 5.5 per cent by…...
FTSE 100 Live Archives
2+ week, 4+ hour ago (499+ words) Good morning and welcome back to the City AM liveblog. Tariffs are once more redefining market sentiment. Last Friday, a number of FTSE 100 stocks popped on the news President Donald Trump's 'Liberation Day' levies had been struck down by the…...
Bank of England took 'eye off ball on inflation,' says Jenrick
2+ week, 5+ day ago (598+ words) Robert Jenrick will take a jab at the Bank of England in his first major outing as Reform's spokesman on Treasury matters. The Newark MP is expected to commit to the independence of the Bank of England but pledge to…...
Bank of England's Mann says minimum wage rise linked to youth employment
3+ week, 15+ hour ago (165+ words) An increase in minimum pay for younger workers has led to a rise in youth unemployment, according to Bank of England rate-setter Catherine Mann, as new data shows Britain's jobless rate for young people has climbed above the European average....