6 h. ago Bank of England governor Andrew Bailey warns Trump trade wars are creating unpredictability; UK restricts steel imports – as it happened

Bailey says the BoE doesn’t know how trade wars will play out, as UK brings in new restrictions on steel imports Oil prices sink after Iranian strike on US airbase reduces fears of market disruptionTravel and leisure stocks across Europe are rallying too.This has pushed up the STOXX Europe travel and leisure index by 4.1% in early trading, which Reuters reports it the biggest one-day jump since 10 April. Continue reading...

Events

6 h. ago Business news live: FTSE 100 closes flat as oil prices drop despite Israel

Stock markets latest updates and business news on Monday

Politics

7 h. ago Bank of England governor Andrew Bailey warns Trump trade wars are creating unpredictability; UK restricts steel imports – business live

Oil has fallen to its lowest level since June’s conflict began, while stock markets have jumped across Asia and EuropeOil prices sink after Iranian strike on US airbase reduces fears of market disruptionTravel and leisure stocks across Europe are rallying too.This has pushed up the STOXX Europe travel and leisure index by 4.1% in early trading, which Reuters reports it the biggest one-day jump since 10 April. Continue reading...

Events

7 h. ago Business news live: FTSE 100 in small rise as oil prices drop despite Israel

Stock markets latest updates and business news on Monday

Politics

9 h. ago Business news live: Easyjet rises 6% to lead FTSE 100 higher, oil prices drop despite ceasefire fears

Stock markets latest updates and business news on Monday

Economics

9 h. ago Fed chair Powell insists there’s no rush to cut US interest rates, despite Trump criticism – business live

Oil has fallen to its lowest level since June’s conflict began, while stock markets have jumped across Asia and EuropeOil prices sink after Iranian strike on US airbase reduces fears of market disruptionTravel and leisure stocks across Europe are rallying too.This has pushed up the STOXX Europe travel and leisure index by 4.1% in early trading, which Reuters reports it the biggest one-day jump since 10 April. Continue reading...

Politics

11 h. ago Business news live: Easyjet rises 6% to lead FTSE 100 higher, oil prices drop on unsteady ceasefire

Stock markets latest updates and business news on Monday

Economics

11 h. ago Business news live: Easyjet rises 6% to lead FTSE 100 higher, oil prices drop on ceasefire announcement

Stock markets latest updates and business news on Monday

Economics

15 h. ago Business news live: Oil prices drop sharply as ceasefire announced, FTSE 100 opens higher

Stock markets latest updates and business news on Monday

Economics

31 h. ago Business news live: Oil prices drop despite strikes on Iran, Industrial Strategy reaction and FTSE 100 falls

Stock markets latest updates and business news on Monday

Economics

32 h. ago Goldman Sachs warns Brent crude could hit $100 per barrel if strait of Hormuz is disrupted; Trump demands cheaper oil – business live

Rolling coverage of the latest economic and financial newsThe strait of Hormuz: what is it, and why does it matter to global trade?Price of oil could spike after Iran’s parliament votes to close key shipping routeThe eurozone economy has continued to flirt with stagnation this month, with little growth in its key sectors.The latest survey of purchasing managers across the euro area, just released by S&P Global, shows that the eurozone services sector is stalling this month, while factory growth slowed.“The eurozone economy is struggling to gain momentum. For six months now, growth has been minimal, with activity in the service sector stagnating and manufacturing output rising only moderately.In Germany, there are signs of a cautious improvement in the situation, but France continues to drag its feet. The momentum evident in the official growth figure of 0.6 percent for the first quarter is unlikely to have carried over into the second quarter, especially since special factors su...

Events

33 h. ago Business news live: Oil prices climb after strikes on Iran, Industrial Strategy reaction and FTSE 100 latest

Stock markets latest updates and business news on Monday

Economics

34 h. ago Business news live: FTSE 100 latest as oil prices climb after US strikes on Iran

Stock markets latest updates and business news on Monday

Economics

36 h. ago Goldman Sachs warns Brent crude could rise over $100 per barrel if Strait of Hormuz is disrupted – business live

Rolling coverage of the latest economic and financial newsThe strait of Hormuz: what is it, and why does it matter to global trade?Price of oil could spike after Iran’s parliament votes to close key shipping routeThe eurozone economy has continued to flirt with stagnation this month, with little growth in its key sectors.The latest survey of purchasing managers across the euro area, just released by S&P Global, shows that the eurozone services sector is stalling this month, while factory growth slowed.“The eurozone economy is struggling to gain momentum. For six months now, growth has been minimal, with activity in the service sector stagnating and manufacturing output rising only moderately.In Germany, there are signs of a cautious improvement in the situation, but France continues to drag its feet. The momentum evident in the official growth figure of 0.6 percent for the first quarter is unlikely to have carried over into the second quarter, especially since special factors su...

Events

37 h. ago ‘High energy costs have held back businesses’, says Miliband as government announces industrial strategy – UK politics live

Prime minister says 10-year industrial strategy marks ‘turning point for economy’ as energy secretary says government will cut electricity costs for businessesBy the way, if you actually wanted to read the Modern Industrial Strategy document published by the government today, you can find it here.The government has just pushed out a joint statement from business leaders welcoming it, which says:The Industrial Strategy launched today marks a significant step forward and a valuable opportunity for the business community to rally behind a new vision for the UK – boosting confidence, sentiment, and enthusiasm for investment.From start-ups and small businesses to large corporates, businesses need a more attractive, stable environment that enables faster, easier, and more certain investment decisions.For too long high electricity costs have held back British businesses, as a result of our reliance on gas sold on volatile international markets.As part of our modern industrial strategy we’r...

Politics

37 h. ago IMF chief warns of broader risks from US strikes on Iran, as oil falls back from five

Rolling coverage of the latest economic and financial newsPrice of oil could spike after Iran’s parliament votes to close key shipping routeThe eurozone economy has continued to flirt with stagnation this month, with little growth in its key sectors.The latest survey of purchasing managers across the euro area, just released by S&P Global, shows that the eurozone services sector is stalling this month, while factory growth slowed.“The eurozone economy is struggling to gain momentum. For six months now, growth has been minimal, with activity in the service sector stagnating and manufacturing output rising only moderately.In Germany, there are signs of a cautious improvement in the situation, but France continues to drag its feet. The momentum evident in the official growth figure of 0.6 percent for the first quarter is unlikely to have carried over into the second quarter, especially since special factors such as Ireland’s unusual jump in growth inflated this figure. Continue rea...

Events

38 h. ago Business news live: FTSE 100 rises after opening low while oil prices climb after US strikes on Iran

Stock markets latest updates and business news on Monday

Economics

39 h. ago Business news live: FTSE 100 opens lower and oil prices rise after US strikes on Iran

Stock markets latest updates and business news on Monday

Economics

39 h. ago IMF chief warns of broader risks from US strikes on Iran, after oil hits five

Rolling coverage of the latest economic and financial newsPrice of oil could spike after Iran’s parliament votes to close key shipping routeThe UK stock market has dropped at the start of trading, as traders weigh up the situation in the Middle East.Airline shares are down, with easyJet (-2.1%) and British Airways parent company IAG (-2.2%) leading the fallers on the FTSE 100 share index. Higher oil prices push up their costs, and the crisis could also force airlines to cancel flights to the region. Continue reading...

Events

40 h. ago Business news live: FTSE 100 set to open after latest Nationwide house price update

Stock markets latest updates and business news on Monday

Society