US beer sales plunge as Iran war drives up petrol prices
US beer and cider sales fell 6.3% as petrol prices surge 52% since the Iran war, with California and the Midwest hit hardest.
Category : Markets
ECB holds rates at 2% despite eurozone inflation rise
ECB holds key deposit rate at 2% for third meeting despite eurozone inflation rising to 2.2%, citing balanced risks and economic resilience.
AI fears batter software stocks but FTSE 100 hits record close
Software stocks slide on AI fears as FTSE 100 hits record close; Uber disappoints, US services PMI rises.
US stock market shrugs off turmoil as investors lean on Fed safety net
US stocks defy war and inflation as investors rely on Fed support, widening wealth gap.
Nvidia beats profit estimates on surging AI chip demand
Nvidia's quarterly profit beat expectations as AI chip demand surges, with a revenue forecast of $91bn for the current quarter.
Bessent's notepad reveals US plan to buy Japanese yen
A notepad captured by Reuters showed Treasury Secretary Scott Bessent's "to do" list including a plan for the US to buy $5bn-$10bn in Japanese yen.
Suzuki Vitara reaches 436,000 miles on original engine and gearbox
A Suzuki Vitara has clocked up 436,500 miles in under 10 years, still on its original engine, gearbox and exhaust, before being traded in.
Delaware court reinstates Elon Musk's $56bn Tesla pay deal
Delaware's supreme court reinstates Elon Musk's $56bn Tesla pay package, now worth $139bn, overturning a lower court ruling.
Tesla shareholders approve Elon Musk's $45bn pay package
Tesla shareholders approve Elon Musk's $45bn pay package, a victory for the CEO after a Delaware judge nullified his original deal.
Trump warns of aid cuts for UN states voting against Jerusalem recognition
President Trump has threatened to withhold billions of dollars in US aid from countries supporting a UN resolution against his Jerusalem decision.
Paddy Power ad banned for encouraging repetitive gambling
Paddy Power ad banned by ASA for encouraging repetitive gambling and showing it taking priority over family.
Kospi hits record high as AI chip boom fuels South Korea's market surge
South Korea's Kospi hits record high as AI chip demand fuels a trillion-dollar rally, but analysts warn of concentration and boom-bust risks.
Asia shares mostly lower as oil hovers near $100 on Iran war fears
Asia stocks mixed, oil near $100 on Iran war fears. Nikkei slips, Shanghai edges up. Brent tops $97. IEA to release reserves.
ISA millionaires outnumber lottery winners as savings boom reshapes wealth
New research shows ISA millionaires now outnumber lottery millionaires, with thousands more set to join their ranks.
Rolls-Royce outlook improves as recovery gains pace
The engineering group's prospects continue to brighten, driven by a rebound in civil aviation and higher defence spending, with analysts turning more optimistic.
Most drivers choose scenic routes over motorways
Three quarters of drivers choose scenic routes for staycations, even if it adds 41 minutes to the journey, a survey of 2,000 people found.
FTSE 100 hits record high, closes lower as BoE holds
FTSE 100 hit a new intra-day high of 10,979.60 before closing down 11.14 points at 10,897.27 as the Bank of England left rates unchanged at 3.75% in a split vote.
Gold Breaks $5,000 Barrier as Trump Turmoil Fuels Safe-Haven Rush
Gold hits record above $5,000/oz amid US political uncertainty and Japan tax-cut fears, with analysts predicting further gains.
Carmakers delay UK factory investments until EV mandate eased
Carmakers are postponing final decisions on UK factory investments until electric vehicle sales rules are relaxed, says SMMT chief Mike Hawes.
FTSE 100 hits new record highs despite Iran war
The FTSE 100 hit a record intraday high of 10979.24 on Thursday and is set to close above its previous peak, buoyed by strong earnings from key stocks despite the Iran conflict.
FTSE 100 CEO Pay Hits Record High, Now 120 Times Average Worker Salary
FTSE 100 CEO median pay hit £4.19m in 2023, 120 times average worker salary. Top earners include AstraZeneca's Soriot at £16.85m.
Asian Shares Climb Following US Gains In Holiday Week
Asian markets mostly higher after US gains; holiday week with key economic data including GDP and jobless claims.
Trainline Shares Plunge as Government Unveils State-Owned Rail Ticket Platform
Trainline shares drop up to 34% after government announces Great British Railways will sell rail tickets directly, competing with private firms.
Record FTSE 100 CEO Pay Widens Worker Gap to 130 Times Average Salary
FTSE 100 CEO median pay hits record £5.06m, 130 times average worker salary, widening gap to eight-year high.
Jet2 CEO Slams 'Cash Cow' Budget, Warns of Higher Holiday Prices
Jet2 CEO Steve Heapy warns Rachel Reeves against using holiday sector as cash cow, predicting price hikes from tax rises.
Trump Tariff Threat Triggers Global Stock Market Plunge
Fresh US tariffs on European allies spark market fear, with FTSE 100 set to fall and gold prices surging.
FTSE Rises on Hopes of Iran Diplomacy, Unilever Slumps
FTSE 100 rises on hopes of Iran diplomacy; Unilever falls 7.3% on foods business deal with McCormick.
Abramovich Associate Loses UK Sanctions Appeal at Supreme Court
Supreme Court dismisses appeal by Eugene Shvidler, business associate of Roman Abramovich, in test case for UK sanctions regime following Russia's invasion of Ukraine.
Thames Water Paid Over £1m to Firm Part-Owned by Starmer Adviser
Thames Water paid over £1m to Hakluyt, a corporate intelligence firm part-owned by PM's business adviser Varun Chandra, raising conflict of interest concerns.
15 Million Brits Not Saving Enough for Retirement, Warns Pensions Commission
Pensions Commission warns 15 million Brits aren't saving enough for retirement, with women worst affected and only 4% of self-employed saving.
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