Hermès and Gucci shares tank in ‘dismal’ week for luxury brands April 16, 2026 Investors have fled from leading luxury stocks like Hermès and Gucci this week after they revealed tumbling sales as a result of the Iran war. The market was quick to respond to the poor results from several top fashion houses, as doubts swirl around the Middle East’s role as a key market for luxury brands. [...]
Easyjet shares grounded after revealing £560m hit from Iran war April 16, 2026 Easyjet expects to make a whopping loss in the first half of the financial year after the war in the Middle East led to major disruptions across operations. The budget airline said on Thursday it is forecasting a loss before tax of between £540m and £560m as the industry battles against rising costs. Shares in [...]
FTSE 100 Live: Entain leads modest stock jump; Surprise growth ‘pushed to rear view’ April 16, 2026 Good morning and welcome back to the City PM liveblog. Markets are betting the latest round of peace talks will bring some resolution to the conflict in the Middle East. US markets managed to clinch a record high close on the latest news of peace talks but in London the FTSE 100 splintered and finished [...]
‘Complex risks’: Jamie Dimon strikes cautious tone as JP Morgan profit beats target April 14, 2026 JP Morgan boss Jamie Dimon struck a cautious tone on Tuesday as the Wall Street bank revealed a major bump to its bottom line on the back of a boom in investment banking. The US banking giant recorded a net income of $16.5bn in the first-quarter, up 13 per cent from the same period in [...]
BP toasts to ‘exceptional’ oil trading after Iran volatility April 14, 2026 Energy giant BP has forecast “exceptional” results in its oil trading division after a period of volatility in prices triggered by the war in the Middle East. The FTSE 100 oil major said upgraded its outlook on Tuesday, which marks a sharp recovery from the “weak” performance reported in the final quarter of 2025. The [...]
Goldman Sachs beats trading haul record by $1bn after Iran volatility April 13, 2026 Goldman Sachs equities traders have beaten their all-time quarterly high as the Wall Street titan revealed a major market haul amidst the volatility triggered by the Middle East. The banking giant’s stock division reaped $5.3bn (£3.9bn) in revenue for the first quarter of the year, surpassing the previous record of $4.3bn secured by the bank [...]
For Dubai lawyers, loyalty is now being judged April 13, 2026 Dubai has long been seen as a flexible market where lawyers can reside for a few years before coming back. That could be changing.
FTSE 100 Live: Stocks tumble amid Trump’s Strait of Hormuz blockade April 13, 2026 Good morning and welcome back to the City PM liveblog. Markets are returning from the weekend to a major blow in hopes of a ceasefire in the Middle East. After Donald Trump revealed his two-week reprieve on strikes whilst negotiations begin, those very talks now look to be hanging by a thread. Vice President JD [...]
Middle East expats rush back to London, luxury property rents spike April 10, 2026 An influx of people who have recently moved to the Middle East are now seeking short-term refuge in London, pushing up rents in the capital’s luxury property market – according to a leading estate agency. British, European and North American nationals have rushed to snap up short-term rentals in high-value London properties since the Iran [...]
FTSE 100 Live: Stocks jittery as North Sea oil prices smash record April 10, 2026 Good morning and welcome back to the City PM liveblog. Markets are continuing to digest the ever-changing narrative coming out of the conflict in the Middle East but even as hopes of a peace deal rise, the economic overhang still threatens to send shocks across the country. In a speech by Kristalina Georgieva, the IMF’s managing [...]
