London ranked world’s slowest capital city January 21, 2026 The average driver in London spent more than five days in rush hour traffic last year, with the capital ranking the worst in the world for travel time. Tomtom found that the average motorist spent 136 hours in traffic last year, as London led its ranking of the worst global capital city for slow traffic [...]
FTSE 100 Live: Trump to rock davos; Stocks dip after inflation January 21, 2026 Good morning and welcome back to the CityAM liveblog. Inflation spiked above expectations this morning, coming in at 3.4 per cent, according to fresh figures from the Office for National Statistics (ONS). This soared above a poll of economists by Bloomberg expecting 3.3 per cent. “Inflation ticked up a little in December, driven partly [...]
Elon Musk flirts with Ryanair acquisition and firing Michael O’Leary January 20, 2026 The space-faring entrepreneur Elon Musk is pondering whether to ground his aspirations a little closer to earth, with suggestions on social media that he could acquire Ryanair and eject Michael O’Leary as chief executive. In a post on X, the Tesla and Space X chief asked his followers in a poll whether he should buy [...]
FTSE 100 Live: Gold soars as Trump’s tariffs threaten trade war January 19, 2026 Good morning and welcome back to the CityAM liveblog. It might be a new year but it’s the same issues controlling the global markets. The FTSE 100 closed last week one per cent higher than it started at 10,235.29p. But this came around 24 hours prior to President Donald Trump’s fresh tariff attack on [...]
AJ Bell boss: Rachel Reeves ISA reforms ‘doomed to fail’ January 16, 2026 The chief executive of a top investment firm has issued a scathing broadside against the Chancellor’s proposal to restrict cash ISA limits. In a letter seen by Sky News, AJ Bell chief executive Michael Summersgill wrote to Rachel Reeves that efforts to push Brits towards investing with limits on cash savings are “doomed to fail”. [...]
Ofcom investigation launched into Grok AI deepfakes on X January 12, 2026 The media and online safety watchdog has announced an investigation into Elon Musk’s X, to determine whether the platform has done enough to protect Brits from explicit deepfakes generated by its Grok AI. Ofcom pointed to “deeply concerning reports of the Grok AI chatbot account on X being used to create and share undressed images [...]
FTSE 100 Live: Barclays slumps on credit card cap, Fed’s Jerome Powell faces probe January 12, 2026 Good morning from the CityAM liveblog team. The FTSE 100 broke through the five-figure mark last week in a welcome start to the year for the London markets. The index saw its best annual performance in 2025 since the recovery from the financial crash in 2009. That was helped along in no small part [...]
FTSE 100 defence stocks boosted by Trump’s calls for military spending hike January 8, 2026 Shares in top FTSE 100 defence stocks were boosted on Thursday morning, following President Trump’s push for a 50 per cent boost to the US military budget. BAE Systems shares shot up 6.7 per cent following the market open to highs not seen since October, while Babcock rose by more than 2.2 per cent. President [...]
Could D&D give a shot in the arm to London’s hospitality sector? December 24, 2025 We visited a D&D cafe transforming nightlife in an unloved corner of Elephant and Castle. Can Matt Kenyon slay the goblins facing hospitality? Burrowed within an almost cartoonishly dodgy corner of Elephant and Castle is a nerd’s nirvana. Finance bros sweep in from the Square Mile to swap gilets for broadswords and elven ears. I [...]
Treasury mocked for £100k financial services ‘leadership’ role December 17, 2025 The Treasury is searching for a Director for Financial Services to take on an “exciting and challenging leadership role” within the heart of the British economy, for a £100k salary. According to the job posting, the successful candidate would be tasked with “advising the Chancellor and Economic Secretary on financial services policy, taking account of [...]
