FTSE 100 Set to Dip as Oil Spikes on Hormuz Tensions
London markets brace for a dip after oil prices spike due to rising tensions in the Strait of Hormuz, with US strikes on Iranian boats and threats to shipping.
Category : Business
Manchester Airport Launches First-Ever Routes to Samos and Algeria
Manchester Airport expands with new Jet2 flights to Samos, Greece, and Air Algérie service to Algiers, marking first direct link to Africa's largest country.
Two Pubs Closing Daily After Tax Hikes, Figures Show
Industry figures reveal 161 pubs closed in Q1 2026, a 26% jump, as tax hikes and rising costs hit the sector. London saw 17 closures.
HSBC Corporate Unit Profit Down 12% on Trading Drop
HSBC's corporate and institutional banking division saw pre-tax profit fall 12% in Q1, driven by a decline in trading revenue amid market volatility and lower client activity.
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Lectures in Pubs Sell Out: Gen Z Embraces Intellectualism
A new generation is embracing intellectualism with lectures in pubs, educational apps, and personal curriculums, signaling a revival of respect for experts.
Britain's £800bn Untapped Investment Pile: Mainstream Investors
UK mainstream investors hold over £800bn in net financial wealth, enough to address the capital gap. Reforms in education, access, returns, and risk could unlock this cash for productive investment.
Alarming lack of private credit understanding in UK finance
KPMG finds only 14% of financial services leaders fully understand their private credit exposure, with 75% calling it a risk to UK stability.
Tax Hikes Force Two Pubs a Day to Close, 2,400 Jobs Lost
New data shows 161 pubs closed in Q1 2026 due to tax hikes, costing 2,400 jobs. Industry calls for permanent relief as government defends its support.
Challenger Banks Loan Growth Halved in 2025
Challenger banks reach an inflection point as loan growth halves to 4.5% in 2025, while deposit growth slows and cost efficiencies improve, according to EY report.
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Cleary Gottlieb Resists Big Law Salary Frenzy
Cleary Gottlieb pushes back against the Big Law pay frenzy, opting for a strategic compensation model that prioritizes long-term stability over short-term salary hikes.
Plane Crash in Brazil Kills Two, Injures Others
A small plane crashed into a building in Belo Horizonte, Brazil, killing the pilot and a passenger. Three others were seriously injured. No one inside the building was hurt.
Oil prices surge after Iran strikes UAE
Oil prices soared to $115 a barrel after Iran launched missiles and drones at the UAE, marking the first attack since the ceasefire. Three were injured.
John Oliver on Gas Station Drugs: A Regulatory Wild West
John Oliver highlights the risks of unregulated gas station drugs like kratom and tianeptine, noting addiction dangers and FDA powerlessness.
Dangote Refinery Key to UK Jet Fuel Supply Amid Crisis
The Dangote refinery in Nigeria, accused of union-busting, supplies 130,000 tonnes of jet fuel to the UK in March as part of a plan to avert a summer shortage due to the Strait of Hormuz closure.
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Cosy Gaming: Virtual Home Ownership for Youth
With 29% of young adults living with parents, cosy games like Hozy offer virtual home decoration, providing control and relaxation in uncertain times.
Gordon Ramsay to Rival Brooklyn Beckham with Hot Sauce
Gordon Ramsay reportedly trademarks 'Hotter Than Hell' hot sauce, potentially competing with Brooklyn Beckham's Cloud23 brand amid ongoing family feud.
Forza Horizon 6: Best Pre-Order Deals and Early Access
Get the best pre-order deals on Forza Horizon 6, releasing May 19, 2026, for Xbox Series X/S and PC. Learn how to get early access from May 15 with the Premium edition.
Shipping Wary of Trump's Hormuz Plan Amid Iran Tensions
The shipping industry questions safety in the Strait of Hormuz after Trump's 'Project Freedom' plan, as Iran reports a US warship was hit, raising fears of further conflict.
I Cut My Own Fringe: A Risky DIY Hair Adventure
A writer with a lifelong fringe finally attempts to cut it herself, navigating fear, YouTube tutorials, and the risk of a bad haircut. Will she succeed?
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Just Eat Couriers Take Legal Action for Workers' Rights
Over 7,000 Just Eat couriers have launched an employment tribunal claim for minimum wage and holiday pay, challenging their self-employed status.
Property Investor Borrowing Hits Decade High in Australia
Australian property investor loans grew by $42bn to March, a 9.6% rise, fastest since 2015, despite interest rate hikes and potential tax changes.
Cold Spells in Greece and Turkey, Storms in Bangladesh
Late-season cold spell hits Greece and Turkey with gale winds and heavy rain, while Central Europe enjoys early summer heat. Bangladesh faces severe thunderstorms.
RWS Acquires AI Platform Obviously for £40m
RWS Holdings agrees to buy UK AI company Obviously for £40m, aiming to become a technology-first business and expand IP management offerings.
Facial Recognition Errors: Innocent Shoppers Treated as Criminals
Shoppers falsely identified by Facewatch facial recognition struggle to clear their names, with watchdogs warning oversight lags behind technology.
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Spirit Airlines Nears Full Refunds After Shutdown
Spirit Airlines has nearly finished refunding customers after abruptly shutting down, stranding thousands. The budget airline cited soaring oil prices and financial struggles.
27 New Planets Found Orbiting Two Stars Like Tatooine
Astronomers have identified 27 new potential circumbinary planets, more than doubling known candidates. These worlds orbit two stars, reminiscent of Star Wars' Tatooine.
Electric Car Road Trip: Conquering Range Anxiety
A first EV road trip reveals the reality of range anxiety, but also the camaraderie of fellow drivers and the charm of slower, more engaging travel.
Ukraine Strikes Russian Oil Port Primorsk, Hits Ships
Ukraine launched strikes on Russia's Primorsk oil port and shadow fleet ships, damaging a corvette and tankers. Drones also hit Moscow region, killing one. Zelenskyy meets Starmer, thanks King Charles.
Chalmers Rules Out Fuel Excise Extension, Downplays Tax Relief
Jim Chalmers has ruled out extending the fuel excise cut and downplayed hopes for tax relief, vowing to deliver the most responsible budget yet amid cost-of-living pressures.
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Iran's Economic Crisis May Force Softer Stance in US Talks
Iran's economy faces severe strain from war damage, inflation, and oil revenue loss, potentially weakening its negotiating position with the US.
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