Wednesday 29 July 2026 6:30 am
| Updated:
Wednesday 29 July 2026 8:13 am
Welcome back to City AM’s FTSE 100 live blog (AP Photo/Alex Brandon)
Welcome back to the City AM FTSE 100 liveblog.
It’s Wednesday and the UK’s blue-chip index has jumped on the market open, brushing off the latest outbreak of attacks in the Middle East.
The US launched joint strikes with Saudi Arabia against Tehran-backed militias in Iraq after Washington claimed its forces in the Middle East were targeted by “an attempted surprise attack” by Iran.
The FTSE 100 had been making gains earlier in the week, as oil prices fell during a pause in fighting between the US and Iran. The blue-chip index closed on a 0.8 per cent gain on Tuesday.
Brent crude, the international benchmark, fell by 4.8 per cent to $84.09 per barrel but began to rear up again in early trading on Wednesday.
Aberdeen was the FTSE 100’s biggest faller on Wednesday morning. This is despite a surge in inflows at investment platform Interactive Investor pushing the firm’s pre-tax profit up two per cent to £276m.
Rival wealth manager Rathbones took a near £1bn hit in net outflows as it braces for the fallout of a competition probe over compliance shortcomings. The firm slipped 0.7 per cent on early trading.
Greggs was among the highest risers on Wednesday morning, gaining 8.7 per cent to 1,838p after notching a 20 per cent jump in pre-tax profit to £76m and doubling down on plans to reach as many as 3,500 stores across the UK.
We’ll be bringing you the latest market updates and analysis as the day develops.
This morning’s top stories:
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