Welcome back to the City AM FTSE 100 liveblog.
London’s blue-chip index is set to slide this morning after a shaky week for trading.
Oil pressures have climbed higher after a drone attack on Saudi Aramco’s Shaybah oil field killed two people. The incident renewed tensions in the Middle East and heightened concerns over further disruptions to energy supplies.
Brent crude – the international benchmark for oil prices – was trading above $111 on Thursday morning reversing any losses from earlier in the week.
The uncertainty in the Gulf put Asian stocks on a struggling foot, even as tech earnings provided some optimism provided.
Stick with us throughout the day for the latest news from the London Stock Exchange and the wider business world, as soon as we get it.
Here’s a few of our top headlines:
- Budget 2026: Consumer confidence tumbles as Healey urged to slow ‘tsunami of costs’
- Modella pulls out of race to buy Poundland
- Ex-cost of living adviser Richard Walker demands ‘aggressive’ tax reform
- Fuse takes on UK AI power crisis with bet on ‘faster’ data centres
- Manchester City must face justice for sake of Premier League and Uefa, says Tebas