Millions to Get £700 Payouts in Car Finance Scandal
The Financial Conduct Authority will unveil final plans for compensating 14 million motorists mis-sold car loans, with average payouts of £700 expected.
Category : Markets
Asian Shares Drop Amid Iran War and Soaring Oil Prices
Asian shares declined on Monday, mirroring Wall Street's losses, as soaring oil prices and fears of escalation in the U.S.-Iran war stoke inflation and economic growth concerns.
Nestle KitKat Heist: 12 Tons Stolen in European Truck Robbery
Nestle reports a major theft of over 12 tons of KitKat bars during transit from Italy to Poland, with the truck and merchandise still missing. The company assures no supply issues.
UK Car Makers Face Financial Time Bomb Over Loan Scandal
The UK's motor industry is bracing for a potential £11bn compensation bill from the car financing scandal, with some manufacturers at risk of bankruptcy and considering exiting the UK market entirely.
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Kecia Hielscher's Clean Beauty Brand Transformation
Former retail executive Kecia Hielscher purchased luxury bath brand Formulary 55, transforming it with clean ingredients and handcrafted rituals after her personal health journey.
Markets See Tehran, Not Trump, Deciding Conflict End
Financial markets are adjusting to the reality that Tehran, not President Trump, will likely determine when the Iran conflict concludes, as his threat-and-retreat tactics lose potency.
Five Guys CEO Gives $1.5m Bonus After Promotion Fiasco
Five Guys CEO Jerry Murrell distributed a $1.5 million bonus to employees following a botched promotion, citing concerns over backlash and referencing a healthcare CEO's murder.
Asda Warns of Petrol Shortages Amid Iran War Price Surge
Asda's boss Allan Leighton warns of temporary petrol pump shortages due to supply squeezes from the Iran conflict, pushing UK average prices above 150p a litre.
UK Bond Yields Hit 5% Amid Iran War Market Turmoil
UK government borrowing costs have soared above 5%, driven by a global bond sell-off linked to the Iran war, raising fears of aggressive interest rate hikes by the Bank of England.
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Systemic Rot in Fine Dining's Toxic Kitchen Culture Exposed
The Noma scandal reveals deeper issues in fine dining: unpaid labour, abuse, and award systems ignoring worker welfare. Industry insiders demand change.
Sony Raises PS5 Price Again Amid Global Economic Pressures
Sony announces a £90 price increase for the PlayStation 5, effective 2 April, marking the second hike in less than a year. The move, attributed to global economic challenges, has sparked outrage among gamers.
FTSE 100 Falls Slightly as Oil Rises on Iran War Deadlock
The FTSE 100 closed marginally lower on Friday, with oil prices climbing due to ongoing conflict in the Middle East and stalled negotiations over the Strait of Hormuz.
Investor Patience Crucial Amid War-Driven Market Volatility
Despite recent market turbulence triggered by the Iran conflict, historical data shows staying invested typically yields better long-term returns than panic selling, especially for retirement funds.
Suspicious Oil Trades Before Trump Iran Announcement Raise Concerns
Billions in oil contracts traded minutes before Trump paused Iran strikes, with volume ten times daily average. Experts demand investigation into potential insider trading of classified information.
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Asian Stocks Fall After Wall Street's Worst Day Since Iran War Start
Asian shares traded mostly lower on Friday, mirroring Wall Street's worst performance since the Iran war began, as doubts over de-escalation negotiations rattled global markets.
US Markets Slump as Iran War Hits Oil, Trump Remarks Stir Volatility
US stock markets experienced their largest decline since the US-Israel war with Iran began, with the Dow dropping 450 points. Oil prices surged, impacting inflation forecasts, as Trump gave conflicting signals on negotiations.
FTSE 100 Falls Amid Iran-US Talks, Oil Prices Climb
London stocks declined sharply on Thursday, with the FTSE 100 down 1.3%, as Iran's response to US peace proposals heightened Middle East tensions, boosting oil prices and impacting global markets.
Gold's Safe Haven Myth Shattered Amid Market Chaos
Gold's reputation as a financial safe haven is being tested by recent wild price swings. Analysis reveals why geopolitical crises and oil shocks are driving volatility instead of stability.
Electric Car Price Cuts Mask Hidden Costs, Warns Expert
Electric vehicle prices are being slashed by thousands, but industry insider Tomislav Mikula warns these 'bargains' could cost buyers more than expected due to overpricing and depreciation.
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Wall Street Bonuses Hit Record $246,900 Average in 2025
Wall Street bonuses reached unprecedented levels in 2025, with the average payment hitting $246,900 as profits surged over 30% to $65.1 billion.
UK Mortgage Rates Hit 5.50% as Inflation Fears Mount
The average UK mortgage rate has climbed to 5.50%, the highest since August 2024, driven by Middle East conflict and shifting interest rate expectations. Borrowers face significantly higher costs.
Oil Prices Jump After Iran Dismisses US War Proposal
Brent crude rose nearly 2% to $104 per barrel as Iran rejected Trump's 15-point plan and set its own conditions, despite the President insisting Tehran leaders badly want a deal.
Asian Markets Fall, Oil Rises on Iran War Uncertainty
Asian stock markets mostly fell on Thursday as oil prices climbed again due to ongoing uncertainty over de-escalation in the Iran war, with key indices in Tokyo, Seoul, and Hong Kong dropping.
Australian Hospitality Considers 5% Fuel Surcharge
Restaurants and cafes may add a temporary 5% surcharge as soaring fuel costs impact deliveries and supplies, with industry leaders warning of closures without relief.
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Stocks Rally on Middle East Peace Hopes, Iran Rejects Plan
Global stock markets rallied as optimism grew over a potential end to the Middle East conflict, with the FTSE 100 and European indices climbing, despite Iran reportedly rejecting a US peace proposal.
Delta's Special Service for Congress in TSA-DHS Shutdown
Delta Air Lines offers exclusive services to Congress members during a TSA and DHS shutdown, raising concerns about fairness and government dysfunction.
Markets Rally on Iran Peace Plan, Oil Prices See Volatility
Asian and European stock markets surged while oil prices dipped after reports of a US peace framework for Iran. However, volatility persists as Tehran denies talks, impacting global trade routes.
UK Vets Must Cap Prescription Fees at £21, Says Competition Watchdog
The Competition and Markets Authority has mandated vets to limit prescription fees to £21 and proposed a cost-comparison website after finding low public satisfaction with vet bill costs.
Oil Falls, Stocks Rally on Iran Ceasefire Hopes
Brent crude dropped below $100 a barrel as UK natural gas prices tumbled 8%, with global stock markets surging on reports of a US ceasefire plan for Iran.
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Royal Easter Gifts: Fortnum & Mason's Spring Edit & Alternatives
Discover Fortnum & Mason's new Easter collection, inspired by royal favourites like Queen Camilla, plus a curated guide of luxurious gift alternatives from John Lewis to Le Creuset.
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