Interest rates set to be held as inflation to remain ‘elevated’ despite Iran peace deal June 15, 2026 Interest rates are expected to be left unchanged as Bank of England policymakers wait to find out whether the Iran war peace deal holds up. The Bank’s Monetary Policy Committee (MPC) is set to keep interest rates at 3.75 per cent at a decision later this week. Its decision would suggest that the Bank is [...]
Nocturne London dazzles as riders take in Square Mile June 15, 2026 The Square Mile was transformed into an Olympic-style time trial cycling circuit at the weekend as Nocturne returned to Canada. The festival of cycling saw two days of racing around the capital, with XTX Markets winning the City Criterium – a pro-am team event – and Ned’s Club coming home first in [...]
‘Nothing is straightforward’: Market analysts warn of US-Iran deal complications June 15, 2026 Top market analysts warned on Monday that “nothing is straight forward” as euphoria spread across European equities after a confirmed peace deal between the US and Iran. Stock markets opened in the green as investors returned to a risk-on mentality after Pakistan announced an agreement between the two nations and Donald Trump declared the oil [...]
Australian pharma giant Sigma quits Boots takeover talks June 15, 2026 Australian pharmacy giant Sigma has walked away from talks over a £7.5bn private takeover of Boots, renewing hopes that the high street pharmacy could float in London. The Australian firm said on Monday that a deal with Boots would not meet its investment objectives, leaving just the billionaire Weston family in sales talks with the [...]
‘Protecting children is right’: Starmer takes on Big Tech with social media ban for under-16s June 15, 2026 Keir Starmer has announced a ban on social media for under-16s, arguing that platforms are harming children’s wellbeing and fuelling a generation of unhealthy online habits. The Prime Minister said social media was making children “unhappy”, making it easier for bullies to harass and abuse young people and potentially damaging their mental health. Speaking at [...]
Asian stocks reach record highs on tech euphoria and US-Iran peace deal June 15, 2026 Stocks across Asia surged during Monday trading, as market euphoria from SpaceX’s IPO on Friday combined with relief over the US-Iran peace deal sent investors back into the stock market, pushing indexes to record highs. Tokyo’s Nikkei 225 rocketed over five per cent in the first 90 minutes of trading, surpassing the 69,000 mark to [...]
House price slump blamed on World Cup and heatwave June 15, 2026 House prices made a surprise drop in June because Brits are too busy watching the World Cup to move home, Rightmove has said. The average UK house price dropped by 0.6 per cent to £376,191 this month, according to the property portal, marking the biggest June fall in 14 years. Rightmove said this “unusual” slump [...]
Government should fix ‘stubbornly weak’ growth with policy test, industry body argues June 15, 2026 The British Chambers of Commerce (BCC) is calling on the government to break decades of low economic growth by introducing a new delivery test, as businesses continue to slash investment under the burden of mounting costs. In the BCC diagnoses, the UK’s growth problem is not a lack of potential but a failure to turn [...]
Mike Ashley’s Frasers makes £166m play for shoe firm Accent June 15, 2026 Frasers Group has launched a £166m takeover bid of Australian shoe company Accent while calling for the removal of its chairman over “poor performance”. The fashion conglomerate has offered to buy all of the shares in Accent it does not already own for 65 Australian cents per share, valuing the offer at A$136m (£166m). This [...]
As it happened: FTSE 100 relief rally runs out of steam as BP and Shell weigh; Oil hits three-month low June 15, 2026 Welcome back to the City PM liveblog. Market sentiment is starting the new week on a positive note after Pakistan said an official peace deal between the US and Iran would be signed this Friday in Switzerland. Asian equities were sent soaring on the news after over a 100 days of uncertainty gripped global markets, [...]
