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FTSE 100 Live: Stocks struggle as Brits handed energy price blow; Iran threatens US over ceasefire
Good morning and welcome back to the City AM liveblog. Global markets were able to take the new developments in the Middle East in their stride on Tuesday amid hopes a peace deal was on the horizon. The FTSE 100 ended the day in the green and despite some choppy trading oil prices eased. This came despite the US striking Iran in what it framed as “self-defence” in an attempt to hit “Iranian boats attempting to emplace mines”. But that action may be set to cause further jitters today after...
Farmers' warning as milk prices fall below cost
Farmers' warning as milk prices fall below cost37 minutes agoShareSaveAdd as preferred on GoogleDave HarveyWest of England business and environment correspondentBBCSeth and Oscar Yates both want to work in farming after college, but worry the low price of milk will make it impossibleDairy farmers say they are being paid far below the cost of production, raising fears for the next generation who want to follow them into the industry.Industry figures show farmers are paid 32–35p a litre, while pro...
EU Chamber on Business Confidence in China
Jens Eskelund, President of the European Union Chamber of Commerce in China, tells Bloomberg’s The China Snow that the business group's latest survey shows an "inflection point" in confidence. (Source: Bloomberg)
Everybody Wants Fed Independence, Rubenstein Says
Carlyle Co-Founder and Co-Chairman David Rubenstein discusses his outlook for interest rates and his expectations of the Federal Reserve under Chair Kevin Warsh. He also shares his views on investing with Stephen Engle from the sidelines of the UBS Asian Investment Conference in Hong Kong. (Source: Bloomberg)
Green jobs contributing £10.2bn to Scotland's economy, says CBI
Green jobs contributing £10.2bn to Scotland's economy, says CBI5 hours agoShareSaveAdd as preferred on GoogleKevin KeaneScotland environment, energy and rural affairs correspondentGetty ImagesRenewable energy generation is a big driver of Scotland's net-zero industriesNet-zero-related industries are supporting more than 105,000 jobs in Scotland and contributing £10.2bn to the economy, according to industry research. The jobs include roles building and maintaining infrastructure such as wind farm...
Children's meals to be cheaper under VAT cut
The cost of children's meals in restaurants is set to come down as VAT on some items is cut to 5%.
‘Why do energy prices keep rising?’ and other questions for the Telegraph’s Money Advice Editor
Danielle Richardson weighs in on energy-saving devices, solar power and standing charges ahead of the price cap increase
Australian entrepreneurs poised to take their businesses overseas to New Zealand and the United States after changes to capital gains tax
Australian entrepreneurs poised to take their businesses overseas to New Zealand and the United States after changes to capital gains taxEntrepreneurs are prepared to flee AustraliaChanges to CGT will force businesses abroadREAD MORE: Bank boss reveals where major tax changes have gone wrong See more Daily Mail on Google - save us as a Preferred SourceBy MATT JONES, SENIOR NEWS REPORTER, AUSTRALIA Published: 05:53, 27 May 2026 | Updated: 05:56, 27 May 2026 e-mail View comments
John Lewis closes major UK hub after 40 years in huge 'bittersweet' overhaul
John Lewis closes major UK hub after 40 years in huge 'bittersweet' overhaulThe retailer said the closure marks a major shift towards automation as it invests heavily in the future of its logistics network. Share Article Share Article Facebook X LinkedIn Reddit Bluesky Email Copy Link Link copied Bookmark Add us as preferred source Comments By Michael D. Carroll 05:52, Wed, May 27, 2026 Updated: 06:51, Wed, May 27, 2026 Blakelands previously supplied major John Lewis stores such as their flagshi...
Ex-Fed Official Evans on What's Next for Monetary Policy
Former Chicago Fed President Charles Evans discusses what's next for monetary policy. Evans, who ran the Chicago Fed for 16 years until 2023, emphasizes that monetary policy ahead will likely remain cautious, balancing inflation risks with growth concerns. He speaks with Stephen Engle from the sidelines of the 'UBS Asian Investment Conference' in Hong Kong. (Source: Bloomberg)
SK Hynix, Micron Join $1 Trillion Market Cap Club | The Asia Trade 5/27/2026
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Sydney with Shery Ahn and Haidi Stroud-Watts, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
ASX Shares Eye Decade Low After Cost Woes Fuel Profit Downgrades
ASX Ltd. shares have tumbled to their lowest level in almost a decade after rising costs prompted several brokers to trim their earnings outlooks for Australia’s beleaguered exchange operator.
Defense Billionaire’s Father Builds New Business on CSG Model
The founder of CSG NV, which completed the biggest ever initial public offering for a pure defense company four months ago, is seeking to raise as much as €200 million ($233 million) this year to expand his industrial group.
Korean Stocks Surge 100% in 2026 to Surpass Dotcom Era Gains
The breathtaking rally in South Korean stocks took gains for 2026 to 100%, eclipsing even the historic run-ups seen before the dotcom bubble burst and during the nation’s industrial boom in the late 1980s.
15m workers not ‘sufficiently’ saving for retirement, says top pensions chief
Tens of millions of working people will face a crisis in retirement with the current automatic salary contribution “no longer sufficient,” the boss of one of the UK’s largest pension providers has warned. Around 15 million people are set to suffer in retirement as workers use their automatic eight per cent auto-enrolment pension contribution as a ceiling rather than a foundation on which to build. Writing in today’s City AM, Standard Life chief executive Andy Briggs said the forthcoming Pen...
Thailand Eyes $5 Billion From Notes, Loans as Bond Yields Soar
Thailand plans to raise about $5 billion through a mix of promissory notes and term loans to fund a raft of measures to ease living costs, shunning bonds after the Iran war sent sovereign yields to multi-month highs.
Andy Briggs: UK is hurtling towards a pensions disaster
Without radical change, Britain will find itself amidst a pensions disaster, with millions worse off, writes Standard Life chief executive Andy Briggs When the Pension Commission issues its final report in 2027, it must lead to radical change and meaningful action. If this doesn’t happen then millions of people will have poorer retirements, burden on the state will increase and the UK economy will be weaker. The interim report from the Commission is in line with what Standard Life has been...
Corlytics Sharpens Leadership for Next Phase of Growth
Corlytics, the Verdane-backed regulatory intelligence firm, has appointed Lisa Miles-Heal as Chief Executive Officer, effective June. The appointment marks the beginning of a new phase for a business that has established itself as the global authority in regulatory risk and is now firmly focused on scaling that position into sustained commercial leadership. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260526471725/en/ Mile...
Hong Kong overtakes Switzerland as hub for global offshore wealth
Chinese territory enjoys surge of investment from mainland as wealthy spread assets across different jurisdictions
Global Aluminum Rally Could Draw Record Exports From China
The rally in the global aluminum market could spur record outflows from China, where elevated prices are capping consumption.