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FTSE 100 Live: Stocks to rise; oil higher as Trump rejects Hormuz deal

A cargo ship anchored in the Strait (Vahid Salemi/AP Photo via PA Wire)

Welcome back to the City AM liveblog.

Stick with us throughout the day for the latest London Stock Exchange and wider business and economic news, as soon as we get it.

Here’s a look at some of our top headlines this morning:

  • Burnham: Social care reforms to be paid by new taxes
  • Burnham declines to back Heathrow third runway amid four-year delay
  • UK has ‘low capital gains tax rates’, Healey says
  • Should Vuori ditch Draper over injury-hit tennis season?
  • Monzo in talks over £10bn sale to Nubank in blow to IPO hopes

    #FTSE #Live #Stocks #rise #oil #higher #Trump #rejects #Hormuz #deal