City AM | Business news live from the City of London

FTSE 100 Live: Stocks to drop after oil reaches $100; Trump releases tariff blitz

Markets

Welcome back to the City AM FTSE 100 liveblog. Oil hit a two-month high on Thursday, after reaching $100 for the first time since May. Brent crude oil prices surged following attacks by the Houthis, an Iran-backed militia based in Yemen, on two Saudi Arabian tankers. The recent surge in energy pricing has brought markets back to […]

Donald Trump speaking at a press conference with microphones, blue sky background

Latest Stories

Alberta premier says Carney ‘wise’ not to retaliate over U.S. tariff threat

Canada

Alberta premier says Carney ‘wise’ not to retaliate over U.S. tariff threat

U.S. hits dozens of countries, including Canada, with new 10% tariff

Economy

U.S. hits dozens of countries, including Canada, with new 10% tariff

Ottawa halved federal emergency centre staff before wildfire season: union

Canada

Ottawa halved federal emergency centre staff before wildfire season: union

Canadian travel to U.S. increases for second straight month: StatCan

Canada

Canadian travel to U.S. increases for second straight month: StatCan

William Shatner and daughter Melanie diagnosed with Stage 4 cancer at same time

Entertainment

William Shatner and daughter Melanie diagnosed with Stage 4 cancer at same time

‘Leg hair harassment:’ men wearing shorts to work sparks debate in Japan

Trending

‘Leg hair harassment:’ men wearing shorts to work sparks debate in Japan

As oil hits $100 a barrel, what to know about the Bab el-Mandeb strait

Economy

Trump says Saudi Arabia nuclear deal subject to normalizing Israel ties

World

D4vd murder case: Possible bloodstains detected at singer’s home and car

Crime

Google hit with US$1B fine as EU says app store, search stifles competition

Tech

Healey: Squeezed businesses also need ‘breathing space’

Politics

John Healey and Andy Burnham sampling beers at a pub bar

Housebuilder hits a wall: How did Vistry become the UK’s most shorted stock?

Property

Construction workers in hard hats and high-vis jackets on scaffolding around a Vistry housing development.

A beginner’s guide to appeasing the bond market – and why it matters

Markets

Chancellor Healey speaking at a podium before a crowd, with the HM Treasury sign visible on the brick building.

Heathrow boss warns Burnham against Budget raid after hub’s tax bill doubles

Aviation

Heathrow CEO Thomas Woldbye in a suit and tie, speaking at an event, warning against a tax raid.

Burnham accused of gutting tech department’s ‘biggest strength’

Tech

Andy Burnham, Mayor of Greater Manchester, smiling in glasses, dark jacket, light blue shirt, blurred green background.

Sport documentaries muddle grey area of storytelling vs reality

Sport Business

Alex Albon of Williams Racing giving an interview, with a camera crew nearby and Atlassian branding visible.

Burnham’s cost of living push under threat as oil hits $100

Markets

Two men stand in the ocean with multiple oil tankers and cargo ships in the hazy distance.

The Rest Is… for the Treasury: Gary Lineker backs wealth tax for rich

Sport Business

Gary Lineker in a suit and tie, smiling with glasses and a goatee, against a blurred background.

‘Door is open’ to interest rate hike as inflation fears return

Economics

Bank of England headquarters in 2025, showcasing modern architecture and iconic London skyline in the background.

Mishcon de Reya hikes junior lawyer salaries to £110,000

Law

City of London

Tax bill and Middle East weigh on Heathrow despite record numbers

Aviation

Commercial airplane landing at Heathrow Airport, seen from behind, with a prominent Heathrow sign below.

BT braces for loss of 800,000 customers as it banks on fibre to keep turnaround ‘on track’

Telecoms

‘Ever-widening gap’: Wetherspoon boss Tim Martin urges Burnham to cut more pub taxes

Hospitality

Milestone Alphabet century bond already under pressure

Markets

Easyjet takes £200m profit hit in Iran war travel chaos

Transport & Infrastructure

UK government probes OpenAI breach after ‘unprecedented’ hack

Tech

I eat for a living. Can I get fit in 100 days?

Life&Style

Romesh Ranganathan makes it hard to defend the BBC

Opinion

Layoffs and an executive exit: What’s going on at London’s first listed law firm?

Markets

OBR misery makes tax rises inevitable

Opinion

More Business & Markets

From Mongolian camels to Tibetan verbs: the absurdity Ed Miliband’s aid spending plans

Opinion

Ed Miliband speaking at a podium during a press conference, addressing energy policy reforms and climate change initiatives.

London Sports Festival’s 3×3 Basketball Court Scores Early Success with Basketball England Takeover

Partner

Kids playing basketball at a pop-up court in London, with the Monument to the Great Fire visible.

5 Reasons to Support City Giving Day 2026

Partner

Group of people, including aldermen in robes, holding City Giving Day balloons at an event.

Who is Bruno Wang? The private philanthropist whose life was compared to a spy novel

Partner

Person with long dark hair and glasses wearing a blue patterned jacket, projection of greenery behind them.

Saracens and Harlequins embracing athletics and hockey smart move for rugby

Sport Business

Teams and flags on a blue hockey pitch before a match, with a stadium full of spectators.

Bonheur by Matt Abé review: This Michelin magnet left me hungry

Life&Style

Elegant restaurant interior with round tables, plush burgundy booths, and textured floral wall art

Trainspotting the Musical: A bad, bad trip down memory lane

Life&Style

Three actors in distressed clothing on a stage, portraying characters from Trainspotting The Musical.

Calanda can give Graffard a third King George

Sport

Jockey Calandagan on a brown racehorse, wearing green and white silks, racing past a blue sign with RACING WEEKEND

Chance things Fall right for Sunshine and Commanche

Sport

Jockey in yellow and black silks racing a brown horse with number 8 and Coral branding on a green track.

Clyde and Honour look keys to crack Hackwood

Sport

Symbol of Honour representing integrity and excellence in business, featuring prominent award trophy against a sleek backdrop

London Sports Festival Serves Up Pickleball in New Street Square

Partner

Pickleball in Guildhall Yard last year as part of the launch of the London Sports Festival

Protecting the truth in a shifting communications compliance environment

Partner

“While AI-driven compliance tools offer tremendous potential, firms must have realistic expectations,” said Shaun Hurst, Principal Regulatory Advisor at Smarsh.

Alibaba.com brings CoCreate Pitch to Europe:

Partner

Alibaba.com CoCreate Pitch event banner showcasing UK SMEs competing for £750,000 in European business challenge

FCA eyes tougher AI rules as Brits turn to chatbots for financial advice

AI

An all-party parliamentary group said on Tuesday that the FCA's treatment of both internal and external whistleblowers was “alarming”.

Kemi Badenoch: AI firms ‘won’t come here’ if Britain overregulates

Tech

Kemi Badenoch discussing strategies for a stronger economy at a business conference podium, emphasizing economic growth

Engineering group picked off London Stock Exchange in £4.1bn deal

Markets

Rotork industrial machinery in manufacturing plant showcasing advanced automation technology and engineering excellence

Vance says ‘broken’ Britain must rebuild economy, not just change PM

Politics

Andy Burnham returns to Parliament

UK economy grows despite Iran war hit

Economics

Detailed view of a breaking news event related to general topics, showcasing key elements of the story in a business context.

The seven growth tests every Budget must pass

Opinion

Chancellor holding iconic red budget box outside Downing Street, symbolizing UKs annual budget announcement

AI spending overshadows Alphabet and Tesla earnings

Tech

The Competition and Markets Authority said they've heard complaints Google's search advertising costs are higher than expected

Currys launches £50m buyback as it shrugs off market slowdown

Retail

State-backed pension scheme plans to pump £1bn into start-ups

Investing

City economists have warned that the triple lock pension is unsustainable and unaffordable given the state of the UK's public finances.

IHT receipts hit record high as Rachel Reeves’ frozen bands raid plague Brits

Personal Finance

Inheritance tax receipts are on track for a record breaking year

Wealthy Brits fear Burnham tax consequences

Personal Finance

Andy Burnham, Mayor of Greater Manchester, speaking at a podium with microphones.

Ask the expert: Will paying for my daughter’s wedding reduce my IHT bill?

Personal Finance

Marianna Hunt discussing financial strategies at a business conference, wearing a professional suit, engaging with the aud...

FTSE 100 Segro ‘minded to accept’ £14bn Prologis takeover

Property

David Sleath, Chief Executive Officer, delivering a speech at a business conference with a focused expression.

Prologis tables ‘best and final’ £14bn offer for Segro

Property

London Stock Exchange interior with a digital display showing LON.STK.EXCH and traders walking past.

Former Southern Water boss charged with conspiracy to defraud

Law

Southern Water safety sign on a chain link fence, detailing required PPE like hard hats and safety boots.

Europe has made a ‘major mistake’ on slow electrification, IEA chief warns

Energy

UK industrial electricity prices are the highest in the G7 and 46 per cent above the average of the International Energy Agency.

Lloyd’s and Chubb unlock $400m to jumpstart Strait of Hormuz shipping

Insurance

Bustling shipping activity in the Strait of Hormuz with tankers and cargo ships navigating Iranian waters.

Warehouse tax could threaten high street businesses, Burnham warned

Retail

Burnham to cut pub business rates by 20 per cent

Hospitality

Andy Burnham, Mayor of Greater Manchester, smiling in glasses, dark jacket, light blue shirt, blurred green background.

Frasers slams ‘nonsense rumours’ over Harvey Nichols bid

Retail

Michael Murray addressing the audience at a business conference, wearing a tailored suit and speaking at a podium with a m...

M&S to face shareholder grilling over cyber attack recovery

Retail

Marks and Spencer was one of three UK retailers to be targeted

As it happened: Stocks slip as oil hits $100 following Houthi attacks on tankers

Markets

FTSE 100 stocks rise as Brent crude oil prices jump 1.8% to $104.98 amid Strait of Hormuz tensions and Trumps Iran stance

Strait of Hormuz ‘closed’ as Iran and US exchange strikes

Economics

Bustling shipping activity in the Strait of Hormuz with tankers and cargo ships navigating Iranian waters.

The Leeds Reforms fixed the plumbing – now we’re turning up the tap for retail investors

Opinion

Rachel Reeves delivering a speech at a press event, wearing a navy blazer and standing in front of a backdrop with logos.

‘In fine fettle’: Pall Mall’s RAC waiting list grows as posh club toasts profit boost

Motoring

Royal Automobile Club in London showcasing its historic architecture and luxurious ambiance, catering to elite members.

If Burnham wants growth he’ll have to save the City

Business

London Stock Exchange building exterior on a busy trading day with bustling city atmosphere and iconic architecture

Top Tory slams ‘ivory tower’ financial regulators as takeover bids blight London Stock Exchange

Markets

Shadow business secretary Andrew Griffith has said he would make it easier for small businesses to open bank accounts. (Photo by Dan Kitwood/Getty Images)

Government intervenes on foreign takeover bids for UK defence firms

Industrials

UK defence strategy meeting, officials discussing military advancements and security measures in a conference room setting

AI reduces founders’ need for capital, says Revolut Business

Tech

City of London skyline featuring iconic skyscrapers and modern architecture against a clear blue sky

AI minister: UK sets sights on global AI leadership, not Silicon Valley emulation

Tech

Kanishka Narayan, prominent figure in the news, engaging in a public event or discussion, showcasing leadership and influe...

Netflix and Gary Lineker’s Goalhanger extend The Rest Is Football deal until 2028

Sport Business

Three people on a red carpet promoting a Netflix event, dressed in formal attire with a Netflix backdrop behind them

House prices rise as mortgage rates ease from Iran war highs

Property

Starmer plans to build up to 12 new towns.

Would a Burnham premiership deepen the North-South housing divide?

Property

Andy Burnham returns to Parliament

Barratt Redrow urges Burnham to slash tax to boost housebuilders

Property

Barratt and Redrow partnership announcement showcasing executives shaking hands in a modern office setting

Inside the trippy French vineyard owned by ousted Claridge’s billionaire

Life&Style

Former Claridges billionaires French vineyard with lush grapevines and scenic landscape in a business feature.

Surely Gary Stevenson is smart enough to know a wealth tax won’t work?

Opinion

Gary Stevenson speaking at a Patriotic Millionaires event, addressing wealth inequality and economic reform proposals.

Burnham to approve North Sea oil and gas drilling in policy blitz

Politics

North Sea oil terminal with storage tanks and docking facilities under a clear sky, highlighting energy infrastructure.

More from CityAM Canada

Making Miliband chancellor would be a ‘mistake’, Trump officials warn

Politics

Donald Trump speaking at April event, wearing a suit and tie, with an expressive gesture and a serious facial expression

Sadiq Khan lobbies Burnham to appoint Miliband as Chancellor

Politics

Sadiq Khan addressing media at a press conference in formal attire, discussing recent developments in London policies

Shabana Mahmood set to be named Chancellor by Burnham

Politics

Shabana Mahmood, potential Chancellor, in a professional setting, poised and confident, reflecting leadership qualities

As it happened: Stocks rise despite IEA warning of ‘critical’ oil issue

Markets

North Sea oil terminal with storage tanks and docking facilities under a clear sky, highlighting energy infrastructure.

Ocado boss Steiner ‘energised about future’ despite succession battle

Retail

Business professionals discussing market trends at a conference table, analyzing data on laptops and charts, emphasizing t...

As it happened: Stocks rise as oil lower; Iran threatens ‘forceful response’ over Strait of Hormuz

Markets

North Sea oil terminal with storage tanks and docking facilities under a clear sky, highlighting energy infrastructure.

Manchester United accused of banning loyal fans to make space for big-spending tourists

Sport Business

Excited football fans in a stadium, many wearing red shirts, cheering and holding up phones.

City AM Football Power List 2026: Who really runs the world’s most popular sport?

Sport Business

Prominent figures featured on the Powerlist, highlighting influential leaders in business and innovation for 2023

Fifa boss Infantino pips PSG chief Al-Khelaifi in City AM Football Power List

Sport Business

High-rise cityscape view with modern skyscrapers under a clear blue sky, reflecting urban growth and architectural develop...

City AM Football Power List explained: What it is, who judges it and how ranking works

Sport Business

Unfortunately, I cannot provide the alt text without additional context about the articles content or the images visual de...

Exclusive: Rugby World Champions Cup set to be mothballed

Sport Business

GettyImages 2277832417

Mega-rich Hundred franchise owners in London for start of competition

Sport Business

GettyImages 2216312615: Business professionals collaborating in a modern office environment.

SailGP, rugby and PJL: Inside the new £50m budget sporting asset class

Sport Business

Could Burnham be the answer to free-to-air sport for all?

Sport Business

Woods to McIlroy: How Tiger Slam at Masters reshaped economics of sport

Sport Business

Breaking news event scene with diverse crowd, journalists, and cameras capturing the action in a bustling urban setting

Elior Champ Rugby deal may be good for clubs, but what’s the point?

Sport Business

GettyImages 2215412924 shows a bustling cityscape with modern skyscrapers under a clear blue sky, highlighting urban devel...

Free-to-air bonanza boon for fans, sport and marketers

Sport Business

Getty Images collection number 2284379076 featuring diverse business professionals in a collaborative meeting setting.

Formula 1’s governing body wants more races in China and Asia

Sport Business

GettyImages 2284466488 shows a significant business event with professionals networking in a modern conference setting.

Knicks NBA finals win over Spurs smashes broadcasting records

Sport Business

Plans for 25,000-capacity NBA basketball arena called London Colosseum

Sport Business

Interior of Londons Colosseum Arena set up for a boxing event, featuring a large ring and tiered seating under bright lights

Ryder Cup adds financial services firm to global sponsorship roster

Sport Business

Golfer Shane Lowry celebrating a successful putt on the green with a fist pump and an intense expression.

Starmer took sport freebies worth tens of thousands of pounds while PM

Sport Business

Sushidog investor pumps seven-figure sum into golf sim brand ahead of Open

Sport Business

TeeGo 27 electric scooter launch featuring sleek design and advanced technology in a modern urban setting

London Broncos: Automatic Super League promotion not off table

Sport Business

Two businessmen, one with a beard, in a meeting room with a red and blue digital display in the background.

London Broncos raid Super League club ahead of hopeful top flight return

Sport Business

Without the article title or specific details from the article content, I can only suggest a generic alt text based on the...

Carney defends Gordie Howe bridge deal as opposition seeks committee probe

Canada

Carney defends Gordie Howe bridge deal as opposition seeks committee probe

Canadian Blood Services plea for donations as supply drops 20% — below typical summer slump

Health

Canadian Blood Services plea for donations as supply drops 20% — below typical summer slump

Northern Ontario couple could face fines for attempting to save lodge from wildfires

Fire

Northern Ontario couple could face fines for attempting to save lodge from wildfires

Gordie Howe bridge revenue-sharing agreement appears to contradict Carney

Canada

Gordie Howe bridge revenue-sharing agreement appears to contradict Carney

Toronto pro-Palestinian protester charged with terrorism over alleged Hamas links

Canada

Toronto pro-Palestinian protester charged with terrorism over alleged Hamas links

Missouri driver fleeing police jumps head first off bridge in getaway attempt

Trending

Missouri driver fleeing police jumps head first off bridge in getaway attempt

How you can — and can’t — buy booze as some interprovincial barriers end

Consumer

How you can — and can’t — buy booze as some interprovincial barriers end

Canada’s homicide rate sees biggest decline since 1986: StatCan

Crime

Canada’s homicide rate sees biggest decline since 1986: StatCan

‘Cosby Show’ actor Malcolm-Jamal Warner’s widow sues his mom for $1.2M

Entertainment

‘Cosby Show’ actor Malcolm-Jamal Warner’s widow sues his mom for $1.2M

Greer defends Canada tariff threat, says CUSMA ‘options’ coming this year

U-s-news

Greer defends Canada tariff threat, says CUSMA ‘options’ coming this year

OpenAI says its AI hacked another company in ‘unprecedented cyber incident’

Tech

OpenAI says its AI hacked another company in ‘unprecedented cyber incident’

As Carney meets premiers, Joly says Europe trade may ‘counter’ U.S. tariffs

Canada

As Carney meets premiers, Joly says Europe trade may ‘counter’ U.S. tariffs

Canada won’t join U.S. at Gordie Howe bridge opening after tariff threat

Canada

Canada won’t join U.S. at Gordie Howe bridge opening after tariff threat

9 premiers agree to lift interprovincial trade barriers on alcohol products

Consumer

9 premiers agree to lift interprovincial trade barriers on alcohol products

What are the ‘discriminatory measures’ Trump is citing for new tariffs?

Canada

What are the ‘discriminatory measures’ Trump is citing for new tariffs?

More Headlines

The 24-hour news cycle is ruining politics

Opinion

Here’s how to fix London listings

Opinion

The physical capital paradox: why the best performing asset class is the least owned

Opinion

Get ready for new energy minister Miatta Fahnbulleh’s war on London’s drivers

Opinion

On this day: the birth of Michael Foot

Opinion

Andy Burnham should show London he cares by funding this one transport project

Opinion

What every dealmaker should know about the limits of general-purpose AI tools

Partner

Making it in the UAE – Dani Afiouni – From the Arctic to Abu Dhabi: Entrepreneur Dani Afiouni wants to help you live your best life

Partner

What a room full of the Indian diaspora’s biggest names revealed about Britain’s AI opportunity

Partner

Commonwealth Games must prove crises are thing of past

Sport Business

Exclusive: Bordeaux Begles to compete in London rugby sevens tournament

Sport Business

Financial gap between Hundred host counties and others widening, report warns

Sport Business

Leeds United investor buys majority stake in Spanish football club

Sport Business

Is ABBA Voyage suitable for children? You bet it is!

Life&Style

I’m an editor. This is the most worrying thing about AI slop

Life&Style

New BMW X5 gets diesel, hybrid, electric and hydrogen versions

Motoring

Beyond the Tour de France: How Girona became a cyclist’s paradise

Life&Style

Jeff Goldblum plays the cinematic hits at joyful Royal Albert Hall show

Life&Style

Greek wine perfectly suits summer. These 5 bottles are the best

Life&Style

An Experience Like No Other: Premium Hospitality Packages for Catfish and the Bottlemen at Tottenham Hotspur Stadium

Partner

How effective procurement technology can improve employee retention

Partner

World-Class Hospitality: Premium Hospitality Packages for Arijit Singh at Tottenham Hotspur Stadium

Partner

VILT – The clock is ticking: European Accessibility Act Looms

Partner

Saudi Arabia’s Real Estate Surge: NHC Takes the Lead

Partner

Beyond reinsurance: Aon’s UK Insurance Vertical redefines client partnership

Partner

Adobe Acrobat AI: The legal pro in your corner

Partner

A New Era of Saudi-U.S. Strategic Partnership

Partner

Hope Rehab Thailand: journey to recovery

Sponsored

Hercules PLC: Powering Britain’s infrastructure ambitions

Partner

How AI-powered compliance could fight financial crime

Partner