News

Markets tumble as oil nears $120 a barrel and gas prices soar after fresh strikes on energy sites

Today

Markets have plunged into the red after fresh strikes on Iran's energy infrastructure have sent oil and gas prices soaring.

You're ungrateful, US tells Europe as Iran war 'Trumpflation' leaves UK facing THREE interest rates hikes by Christmas

Today

Markets have taken fright after Iran struck a massive Qatar gas field in response to an Israeli attack - sending oil and gas prices spiking.

The £250BILLION stock market rout: Pensions and savings hammered as threat of 'full-scale economic war' sends shares tumbling

Today

More than £80billion was wiped off the value of the London stock market today - taking losses since the start of the war on Iran to £250billion.

Mercedes' new limo is a VAN: Plush electric VLE has a 430-mile range, business class seats and a huge TV in the back

Today

Unveiling its latest model this month, bosses say it will 'redefine the grand limousine' by switching from its traditional saloons to an all-new van-based platform.

We are ready to act: Andrew Bailey warns of higher interest rates to combat inflation with hike in April on the cards

Today

The Bank of England has warned it may have to put up interest rates as it sounded the alarm over Donald Trump's Middle East war driving up inflation and unemployment.

Bank of England HOLDS interest rates at 3.75% as borrowers brace for three rate HIKES this year

Today

The Bank of England left interest rates unchanged today as war in the Middle East fuelled fears of an energy price inflation shock.

Retail jobs slump to record low - fuelling fears of 'lost generation' as entry-level opportunities for young disappear

Today

There were an average of 2.81million retail jobs last year, which the British Retail Consortium (BRC) says is the lowest on record. There are fresh fears over youth unemployment.

Gas prices reach their highest level in THREE years: Why are they rising and what does it mean for energy bills?

Today

Gas prices have reached their highest level in three years after a major escalation in the Iran war, which risks plunging Britain into a fresh cost-of-living crisis.

Are car makers REALLY selling enough EVs to meet Labour's green targets?

Today

New data shows most car manufacturers adhered to the Government's Zero Emission Vehicle mandate by using loopholes and 'flexibilities'.

The £100 contactless payment limit scrapped today - will your bank switch off the cap?

Today

Banks can now set their onwn contactless payment limits for customers from today March 19 under new plans from financial watchdog the Financial Conduct Authority (FCA).

Landlords forced to slash rents as enquiries dry up: Where have all the tenants gone?

Today

Rents are down in towns and cities across Britain. Certain locations have even recorded drops of more than 10% according to Hamptons.

Terrifying financial timebomb no one is talking about but experts say could implode the world's economy

Today

All eyes may be on Iran and the prospect of a war that has already sent oil and gas prices skyrocketing. But there lurks a ticking time bomb that experts fear is primed to explode.

Bank of England holds interest rates at 3.75%: What it means for your mortgage and savings

Today

The Bank of England opted to hold interest rates at 3.75 per cent today, with traders now betting on policy makers raising, rather than cutting rates later this year.

I'm a mortgage expert and this is why it's a GREAT time to buy your first home - despite rising rates

Today

This tough market with its hefty mortgage rate increases might actually be the best opportunity first-time buyers have had in years.

Changan Deepal S05: Can this Europe-centric £38k electric SUV entice buyers?

Today

Changan is the Chinese car maker with a strong base already in Europe. But you've probably never heard of it. Can its Deepal S05 crack the increasingly competitive UK market?

Bank of England to hold interest rates despite weak jobs figures as 'Trumpflation' pushes annual mortgage costs £800 higher

Today

The central bank had been widely expected to cut rates this month before the war with Iran began, but they are likely to delay this as they assess the impact of an energy shock.

Shortage of mechanics threatens to push up car repair costs as sector fails to attract young workers

Today

Almost three quarters of professionals within the industry said it is taking longer to fix vehicles because of an understaffing crisis that could soon cause a spike in garage bills.

Oil price soars and stocks slump as Iran vows revenge over gas field attack

Today

Oil prices surged and stock markets slumped yesterday as Iran vowed to retaliate for an attack on its huge Pars gas field.

Rolls-Royce axes 2030 all-electric deadline as it pledges to stick with its traditional V12 petrol engines

Yesterday

Rolls-Royce chief exec Chris Brownridge attributed the turnaround to a softening in government rules on the timetable for a transition to electric.

Central banks hold fire: Don't expect rock-bottom interest rates to help us through the Iran war, says ALEX BRUMMER

Yesterday

Economic decision-making in wartime is hard. This is particularly true when the conflicts involve energy suppliers as is the case now, and was true in 2022.

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