Greggs Blames NI Hike and Wage Rises for Price Increases
Greggs has attributed price hikes on sausage rolls and lattes to increased employment costs driven by Labour's National Insurance changes and minimum wage rises, as profits fell nearly 18%.
Category : Markets
BrewDog Closes 38 UK Bars, 484 Jobs Lost After Tilray Deal
BrewDog will close 38 UK bars despite a £33m rescue by Tilray Brands, resulting in 484 redundancies. The US firm acquired 11 venues and key assets, leaving crowdfund investors empty-handed.
Global Markets Plunge Amid Middle East Conflict
Stock markets worldwide, including the FTSE 100 and Asian indices, slump as oil and gas prices soar due to escalating Middle East tensions, reducing hopes for UK interest rate cuts.
Oil Surge and Market Slump Amid Middle East War Intensification
Brent crude hits a one-year high above $81 a barrel, while the FTSE 100 tumbles over 2% as Iran blocks the Strait of Hormuz, sparking fears of prolonged economic disruption.
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Iran Strikes: Oil Surges, Markets Fall - Financial Impact
Geopolitical conflict in the Middle East drives oil prices above $80, triggering stock market declines and raising inflation concerns for UK households.
Asian Shares Drop Amid Iran War Oil Price Surge
Asian shares mostly declined on Tuesday, with oil prices surging due to concerns over energy supply disruptions from the Iran war, impacting markets from Japan to Australia.
Qantas Slammed for Selling Flights to Closed Middle East Airspace
Qantas faces accusations of deceptive practices for continuing to sell flights to Dubai and Abu Dhabi despite airspace closures following US-Israel airstrikes on Iran.
Buffett's Final Moves Signal Economic Warning as Cash Hits $373bn
Legendary investor Warren Buffett's consistent stock sales at Berkshire Hathaway, amassing a $373bn cash pile, may warn of high market valuations and potential economic ripple effects.
US Markets Volatile Amid Iran Conflict and Energy Price Surge
US stock indexes recovered from early losses on Monday as investors monitored the Iran conflict, with tech stocks like Nvidia rising while travel shares fell. Global gas prices surged up to 50% after Iranian attacks disrupted energy supplies.
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Luxury Brands Close Middle East Stores Amid Conflict
Major luxury brands including Gucci owner Kering have temporarily closed stores across the Middle East as escalating conflict disrupts business and travel in the region.
European Stocks Sink as Middle East Conflict Escalates
European stocks, including the FTSE 100, fell sharply due to fears over US-Israeli strikes on Iran, impacting oil prices, travel stocks, and safe-haven assets.
Oil Surges, Stocks Fall Amid Iran Crisis Inflation Fears
Global markets reacted sharply as oil prices jumped over 6% and stocks declined following a Middle East conflict, raising inflation fears and impacting sectors like airlines and consumer spending.
IAG Shares Dive as FTSE 100 Tumbles in Crisis
British Airways owner IAG leads FTSE 100 losses as global markets react to US strikes on Iran, with oil and gold prices surging while stocks plummet.
US Dollar Surges on Iran Conflict and Oil Price Spike
The US dollar strengthens against major currencies due to Middle East tensions and rising oil prices, with central banks like the SNB and BoJ responding to market volatility.
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Dollar Strengthens Amid Iran Strikes, Oil Price Surge
The US dollar rose sharply against major currencies on Monday, driven by safe-haven demand and higher oil prices following US and Israeli strikes in Iran. Investors are monitoring the Strait of Hormuz and economic impacts.
FTSE 100 Falls Amid Middle East Strikes and Market Slide
London's FTSE 100 opened lower, dropping over 1% initially, as drone strikes in Cyprus and escalating Iran-US-Israeli tensions spook investors. The pound hits a multi-month low against the dollar.
Oil Prices Jump, Markets Slide After Middle East Strikes
Global oil prices soared and financial markets declined sharply as escalating military strikes across the Middle East and attacks on shipping lanes sparked fears of energy supply disruptions.
US-Israeli Iran Strikes Spark Market Chaos, Oil Soars
Global markets plunged as US and Israeli attacks on Iran rattled investors, sending US futures down over 1%, Asian shares lower, and oil prices soaring amid supply fears.
Oil Prices to Surge as Iran Attacks Close Strait of Hormuz
Motorists face record fuel costs and economists warn of recession risks as Iranian reprisals force near-closure of the Strait of Hormuz, a key global oil and gas transit route.
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Tony's Chocolonely Rejects Shrinkflation in Cocoa Crisis
Dutch ethical chocolatier Tony's Chocolonely pledges not to reduce chocolate bar size despite soaring cocoa costs, criticising industry shrinkflation and advocating for farmer investment.
Doc Martin Pub Closes, Blames Minimum Wage Rises
The Golden Lion in Port Isaac, famous as the Crab & Lobster in Doc Martin, has shut suddenly. Management cites Labour's minimum wage increases and hospitality cost pressures as key factors in the closure.
Kuwait Exchange Suspended, Oil Prices to Soar on Iran Strikes
The Kuwait Stock Exchange has suspended trade indefinitely due to 'exceptional circumstances' as US-Israel strikes on Iran threaten to disrupt oil supplies, potentially pushing crude prices above $80 a barrel and causing global market volatility.
Halo Trade Drives UK and EU Markets to Record Highs
Investors are shifting to 'Halo' companies with heavy assets and low obsolescence, such as energy grids and utilities, pushing UK and EU stock markets to record levels amid AI disruption fears.
TikTok Trend Fuels Cottage Cheese Sales Surge in UK
A viral TikTok trend has driven unprecedented demand for cottage cheese, leading Graham's Family Dairy to invest £3.5 million and double production in Fife.
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FTSE 100 Hits Record High as Oil Jumps on US-Iran Tensions
The FTSE 100 index soared to a record close of 10,910.55, up 0.6%, despite Wall Street losses. Oil prices surged due to escalating US-Iran tensions, boosting energy stocks but pressuring airlines.
Gold Set for Seventh Consecutive Monthly Gain
Gold is on track for its seventh consecutive monthly gain, supported by geopolitical tensions and US trade policy concerns, with spot prices holding steady near record highs.
Asian Markets Mixed After Nvidia's Plunge and AI Layoffs
Asian shares show a mixed performance following Nvidia's worst stock decline since last spring, which dragged Wall Street lower. AI-linked layoffs at Block and broader market jitters contribute to the cautious trading environment.
Rare Pokémon Cards Could Earn You Thousands - What to Look For
A new study reveals that certain rare Pokémon cards, especially Charizard editions, can be worth up to £16,000. Learn how to identify valuable cards in your collection.
Ryanair Named UK's Worst Airline, Furious Response
Ryanair ranks bottom in Which? customer satisfaction survey with a 55% score, criticised for poor seat comfort and service. The airline dismisses the findings as 'fake'.
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FTSE 100 Record High: Rolls-Royce, LSEG Gains Beat Mining Slump
The FTSE 100 index closed at a record 10,846.70, up 0.4%, driven by strong earnings from Howden Joinery, LSEG, and Rolls-Royce, despite significant declines in mining stocks.
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