FTSE 100 Slumps on Oil Surge and Inflation Worries
The FTSE 100 extended losses as Brent crude topped $90 a barrel, driving bond yields higher amid Middle East tensions and a weak US jobs report, with markets bracing for delayed rate cuts.
Category : Markets
Stock Markets Tumble Amid Oil Price Surge and Middle East Conflict
Global stock markets experienced significant declines as oil prices surged 25% this week, the largest weekly gain since 2020, amid escalating Middle East tensions.
Royal Mail Stamp Price Hike Criticised Amid Service Failures
Royal Mail faces backlash for raising first-class stamps to £1.80 and second-class to 91p from April 7, despite ongoing delivery failures and regulatory fines.
First-Class Stamp Price Rises to £1.80 as Royal Mail Misses Targets
Royal Mail announces a 10p increase for first-class stamps to £1.80 from April 7, despite ongoing delivery failures and public criticism over service standards.
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Chinese Man Finds Gold in Duck's Stomach
A Chinese villager preparing a duck for dinner discovered gold particles worth approximately £1,300 inside the bird's digestive system, with local authorities citing the region's geological history as a plausible explanation.
Jamie Oliver Reopens Jamie's Italian in London After 2019 Collapse
Celebrity chef Jamie Oliver is reopening Jamie's Italian in London's West End, offering free pasta on opening day. This marks a dramatic return after his restaurant chain collapsed in 2019 with £83 million in debt and 1,000 job losses.
Iran War Fears Drive Oil Price Jump as Global Tensions Rise
Global oil prices have surged sharply due to escalating tensions in the Middle East, with Iran war fears, US-India-Russia dynamics, and Israeli strikes on Hezbollah fueling market volatility and supply concerns.
Asian Markets Mixed, Oil Dips After Wall Street Losses
Asian shares show mixed performance following Wall Street's decline, while oil prices fall over $1 from recent highs amid Middle East tensions and supply concerns.
Berkshire's Stock Moves Before Buffett Departure Revealed
Berkshire Hathaway's Q4 2025 filings show significant divestments from tech giants Apple and Amazon, while initiating new investments in traditional sectors like media, food, insurance, and energy ahead of Warren Buffett's CEO departure.
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ASX Plunges $40bn Amid Middle East Conflict
The Australian sharemarket fell sharply, wiping $40 billion in value as escalating Middle East tensions and surging oil prices spook investors, with petrol potentially hitting $3 a litre.
Stock Markets Fall as US-Israel-Iran War Drives Up Oil and Gas Prices
Global stock markets have resumed their decline as escalating tensions between the US, Israel, and Iran push oil and gas prices higher, sparking investor fears over inflation and economic stability.
Oil Price Rise Resumes, Erasing Early Market Gains
Financial markets faltered as oil prices climbed again due to the ongoing Iran conflict, with the FTSE 100 closing lower and global indices declining amid heightened inflation fears.
Morgan Stanley Cuts 2,500 Jobs as Layoffs Sweep Tech and Finance
Morgan Stanley becomes the latest major firm to announce significant workforce reductions, cutting 3% of its global staff despite record revenues. The move follows similar cuts at Amazon, Nike, and Dow, raising concerns about AI's impact on employment.
Oil Prices Surge Amid Middle East Crisis, Asian Markets Rebound
Oil prices have climbed 3% to $84 a barrel following reports of a missile attack on a US tanker, while Asian stock markets recover from heavy losses. Gas prices also rise as Qatar suspends LNG exports.
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UK New Car Sales Hit 22-Year February High Despite EV Slowdown
The UK's new car market recorded its strongest February sales in 22 years, with 90,100 registrations, despite a decline in pure battery electric vehicle market share.
Asian Markets Surge After Wall Street Rebound, Oil Stabilises
Asian shares opened sharply higher on Thursday, mirroring a Wall Street rebound as oil prices moderated and positive U.S. economic updates eased market jitters.
Markets Rebound, Energy Prices Ease, But Iran War Fears Remain
European and US stock markets have recovered with oil and gas prices easing, offering relief to investors. However, concerns persist over the economic impact of Middle East conflict.
South Korea Stock Crash and Oil Surge After Iran Strikes
South Korea's stock market plunges 12% amid global volatility, while oil prices surge after Iran strikes. Key stories include Nepal's election, Kremlin accusations, and sports records.
Stocks Recover as Oil Cools in Middle East Crisis
European markets rallied with the FTSE 100 up 0.8%, as oil prices retreated from highs. Investors await developments in the Middle East conflict and US tariff announcements.
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iPic Theaters Files for Bankruptcy, Blames Declining Attendance
iPic Theaters, the luxury dine-in cinema chain, has filed for Chapter 11 bankruptcy, citing dwindling ticket sales and pandemic recovery challenges. The company plans asset sales and layoffs.
Burger King Mocks McDonald's CEO with Whopper Taste Test
Burger King's president enthusiastically bites into a Whopper in a TikTok video, directly contrasting McDonald's CEO's awkward Big Arch Burger taste test that went viral.
Gold Surges 2% on Middle East Conflict, Dollar Weakness
Gold prices rebounded sharply, rising 2% as escalating Middle East tensions and a weaker dollar boosted safe-haven demand. Spot gold hit $5,175.39 per ounce, with silver also gaining 4.5%.
South Korea's KOSPI Plunges 12% in Historic Meltdown
South Korea's benchmark KOSPI stock index suffered its worst-ever sell-off, plunging over 12% as geopolitical tensions and oil price spikes triggered a massive market rout.
Walmart, Amazon Workers Depend on Medicaid and Food Stamps
A new report reveals that nearly a quarter of Walmart employees and half of Amazon workers in Nevada rely on Medicaid, highlighting low wages at top US firms.
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Rare £2 Coin Error Could Be Worth £1,000 (04.03.2026)
Brits are urged to check their change for a scarce Lord Kitchener £2 coin from 2014. An expert reveals that a specific error version missing 'two pounds' text could sell for up to £1,000 at auction.
Gold Prices Jump 2% on Dollar Fall and Geopolitical Tensions
Gold prices rebounded sharply by 2% on Wednesday, recovering from a recent low as a weaker U.S. dollar and escalating Middle East conflicts boosted safe-haven demand.
Gold Surges 2% on Middle East Tensions and Dollar Weakness
Gold prices rebounded sharply, rising 2% as escalating Middle East conflict and a weaker U.S. dollar revived safe-haven demand for the precious metal. Spot gold reached $5,175.39 per ounce.
South Korea's KOSPI Index Plunges 12% in Historic Sell-Off
South Korea's KOSPI stock index plummeted over 12%, its worst-ever drop, erasing $553.82 billion in value amid Middle East tensions and oil price hikes.
European Markets Stabilise as Oil Prices Surge on Iran War
European stock markets show tentative calm after heavy losses, but Brent crude oil hits a 20-month high above $84.50 amid Middle East supply fears.
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KOSPI Plunges 12% in Historic Market Collapse
South Korea's benchmark stock index suffered its worst-ever drop, plunging over 12% as Middle East conflict and oil price spikes triggered massive sell-offs.
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