Rachel Reeves takes a risk as Gulf conflict impacts energy prices
Targeted support for the poorest households who rely on heating oil is coming, we understand, with Chancellor Rachel Reeves set to make an announcement as soon as Monday. It follows…
Government warns petrol retailers over prices amid crisis
Chancellor Rachel Reeves has issued a stern warning to petrol retailers regarding their «shared obligation» to keep prices affordable for motorists in light of escalating prices and conflicts in the…
How Trump’s Iran War Benefits Russia’s Assault on Ukraine
In a war increasingly determined by the flow and price of oil, one country is already emerging as a winner – and it’s not even a combatant. As US-Israeli strikes…
UK included in new US trade investigation: potential for new tariffs | Money News
The UK has been included in a fresh US trade investigation that could result in new tariff pressure being applied to dozens of countries. The US Trade Representative’s (USTR’s) office…
Warner Bros poised for Oscars success amid takeover uncertainty in Hollywood
One Battle After Another and Sinners are two films set for big wins at the Oscars this weekend – but with the studio behind them potentially facing a huge takeover,…
Jo Malone Faces Legal Action Over Use of Her Name
British fragrance entrepreneur Jo Malone is facing legal action over the use of her own name by cosmetics giant Estee Lauder Companies. Ms Malone set up her self-named Jo Malone…
Oil prices rise above $100 as market assesses impact of energy attacks
Iran’s targeting of Middle East energy has driven oil prices back above the $100 a barrel level, with market experts expressing increased alarm over the prospects for long-term damage to…
John Lewis Partnership issues first annual bonus in four years
The John Lewis Partnership (JLP) has announced its first annual bonus since 2022 following further progress in its post-pandemic turnaround. The employee-owned retailer, which encompasses not only the department store…
IEA announcement fails to lower oil prices
The International Energy Agency (IEA), the developed nation body founded in the 1970s to deal with oil crises precisely like the one we’re now facing, has announced something extraordinary. Its…
Record oil reserves release to ease war supply disruption
A record release of strategic oil reserves has been agreed in a bid to help offset supply disruption since the Middle East conflict began. The International Energy Agency (IEA) said…