59 h. ago Voices: Who’s to blame for food price hikes – supermarkets or Rachel Reeves?

The retail giants point the finger at the chancellor’s business tax rises as food inflation jumps to 4.4 per cent – so are they right, and will mortgages and petrol pump prices be next, asks James Moore

Economics

3 d. ago Millions who have suffered a single bout of food poisoning could be at higher risk of bowel cancer: Doctors reveal how little

Every year in the UK around 2.4million people fall ill with food poisoning that leaves them suffering from vomiting and crippling stomach cramps.

Science

4 d. ago FTSE 100 closes near record high, and oil price falls, on reports Iran seeks talks with Israel – as it happened

Rolling coverage of the latest economic and financial newsMiddle East crisis live: Iran and Israel trade attacks amid reports Tehran could be seeking talksIran and Israel crisis: what does it mean for the price of oil?Over at the Paris Air Show, a row has broken out after four Israeli company stands at the trade fair were shut down.According to Reuters, French authorities ordered that the four stands should be closed for “displaying offensive weapons”, after not complying with an order from a French security agency to remove offensive or kinetic weapons from the stands.“This outrageous and unprecedented decision reeks of policy-driven and commercial considerations.“The French are hiding behind supposedly political considerations to exclude Israeli offensive weapons from an international exhibition - weapons that compete with French industries.” Continue reading...

Politics

4 d. ago Markets stabilise as investors fear ‘adverse shock’ from higher oil prices – business live

Rolling coverage of the latest economic and financial newsOver at the Paris Air Show, a row has broken out after four Israeli company stands at the trade fair were shut down.According to Reuters, French authorities ordered that the four stands should be closed for “displaying offensive weapons”, after not complying with an order from a French security agency to remove offensive or kinetic weapons from the stands.“This outrageous and unprecedented decision reeks of policy-driven and commercial considerations.“The French are hiding behind supposedly political considerations to exclude Israeli offensive weapons from an international exhibition - weapons that compete with French industries.” Continue reading...

Economics

4 d. ago Oil price rise risks ‘adverse shock’ to global economy – business live

Rolling coverage of the latest economic and financial newsThe FTSE 250 index of medium-sized companies is also rising this morning, up 38 points (+0.2%) at 21,212 points.Lender Metro Bank are the top riser, up 8.5%, after the Sunday Times reported that it had received a takeover approach from Pollen Street Capital. Continue reading...

Economics

7 d. ago Oil surges after Israel’s attack on Iran, risking ‘stagflationary shock’ – business live

Rolling coverage of the latest economic and financial newsIsrael launches strikes on ‘dozens’ of targets in Iran, targeting nuclear programmeBudget airline Wizz, whose shares are down almost 5% today, says it has suspended flights to Tel Aviv and re-routed flights affected by closed airspace in the region for the next 72 hours.The jump in the oil price today, following Israel’s attack on Iran, is a “bad shock for the global economy at a bad time”.For the average consumer, they will be looking at more income uncertainty. They will be looking at higher petrol prices, and in the UK, they’re probably looking now at higher risk of taxation in October.So whatever way you look at it, it’s negative short term, it’s negative longer term. Continue reading...

Events

2 w. ago Brazen petrol snatchers push fuel prices up as thefts soar by almost 50% a year

Crooks are growing bolder because they take a punt on police lacking the resources to look into the crimes and there have been 66,378 incidents between February and April

Politics

4 w. ago UK petrol prices poised to fall further as oil prices tumble

Global prices drop after reports that Opec+ is ready to raise output despite weaker demand for fossil fuelsGlobal oil prices have tumbled by more than $1 a barrel in a sign that pressure on households at the petrol pumps could ease further.The price of Brent crude fell to $63.86 a barrel on Thursday following reports that the Opec oil cartel and its allies may increase their production for July, despite weaker global demand for fossil fuels. Continue reading...

Politics

4 w. ago UK petrol prices poised to fall further as oil production may be ramped up

Global oil prices tumble after reports that Opec+ may increase output despite weaker demand for fossil fuelsGlobal oil prices have tumbled by more than $1 a barrel in a sign that pressure on hard-pressed households at the petrol pumps could ease further.The price of Brent crude fell to $63.86 a barrel on Thursday after reports that the Opec oil cartel and its allies may increase their production for July despite weaker global demand for fossil fuels. Continue reading...

Politics

4 w. ago UK petrol prices poised to fall further as oil production may be stepped up

Global oil prices tumble after reports that Opec+ is ready to raise output despite weaker demand for fossil fuelsGlobal oil prices have tumbled by more than $1 a barrel in a sign that pressure on households at the petrol pumps could ease further.The price of Brent crude fell to $63.86 a barrel on Thursday following reports that the Opec oil cartel and its allies may increase their production for July, despite weaker global demand for fossil fuels. Continue reading...

Politics