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Business News

UK refineries asked to maximise jet fuel production amid supply fears

silverguide.site – Government request follows contingency planning to stop planes being grounded if Iran war supply shocks continue …
UK refineries asked to maximise jet fuel production amid supply fears

US gas prices hit $4.23 high as Hormuz fears drive oil surge

silverguide.site – Blockade threat in vital strait and Trump’s stance lift crude, pushing pump prices to highest level since 2022…
US gas prices hit $4.23 high as Hormuz fears drive oil surge

UK firms in ‘critical financial stress’ jump by a third as costs rise, report finds

silverguide.site – Insolvency firm points to tax rises, staff costs and shaky consumer confidence after number increases to 62,193…
UK firms in ‘critical financial stress’ jump by a third as costs rise, report finds

Lloyds takes £151m hit from Iran war as it forecasts rise in UK unemployment

silverguide.site – Bank expects its base case for GDP growth to be 0.5% this year, lower than IMF’s 0.8% prediction for Britain…
Lloyds takes £151m hit from Iran war as it forecasts rise in UK unemployment

Oil nearing $120 a barrel for first time since 2022 as Trump maintains Iranian blockade – as it happened

silverguide.site – Rolling coverage of the latest economic and financial news, as Brent crude approaches highest level since Middle East conflict began…
Oil nearing $120 a barrel for first time since 2022 as Trump maintains Iranian blockade – as it happened

Inflation jumps to 4.6% in Australia as Iran war fuel shock begins to bite

silverguide.site – Financial markets are betting the Reserve Bank will hike interest rates for a third straight meeting next Tuesday…
Inflation jumps to 4.6% in Australia as Iran war fuel shock begins to bite

UK faces £35bn hit and risk of recession this year over impact of Iran war, thinktank warns

silverguide.site – Niesr says even under best-case scenario, economy would grow at slower pace in 2026 and 2027 because of conflict…
UK faces £35bn hit and risk of recession this year over impact of Iran war, thinktank warns

Another shadow banking hit – but otherwise, Barclays looks fine

silverguide.site – The bank shouldn’t sound the all-clear, but two screw-ups doesn’t mean the current credit cycle will end in tears…
Another shadow banking hit – but otherwise, Barclays looks fine

Singing activists disrupt NatWest meeting over ‘climate backtracking’

silverguide.site – Shareholder agm briefly adjourned after protesters wearing T-shirts labelled ‘No more big oil’ burst into song…
Singing activists disrupt NatWest meeting over ‘climate backtracking’

Europe’s smaller airports ‘under threat’ if fuel shortages cause many cancellations

silverguide.site – High fuel prices and passenger delays caused by EU’s EES entry-exit system causing problems, says trade body…
Europe’s smaller airports ‘under threat’ if fuel shortages cause many cancellations

Barclays cuts back risky lending after £228m hit from UK mortgage firm MFS

silverguide.site – Bank’s chief executive points to alleged fraud as it sets aside a further £105m for motor finance compensation…
Barclays cuts back risky lending after £228m hit from UK mortgage firm MFS

Deloitte and Zoom’s trims to parental-leave benefits may hurt them in long run, experts say

silverguide.site – The companies announced last week that they will be reducing parental leave and other benefits for employees starting next year…
Deloitte and Zoom’s trims to parental-leave benefits may hurt them in long run, experts say

BP profits more than double as oil prices soar in Iran war

silverguide.site – First-quarter profits of $3.2bn prompt outrage from campaigners, who say figures come at expense of consumers…
BP profits more than double as oil prices soar in Iran war

Shares in buy-to-let mortgage lenders fall after report Reeves plans rent freeze

silverguide.site – FTSE 250 firms Paragon and OSB Group, owner of Kent Reliance and Precise Mortgages, slide on London Stock Exchange…
Shares in buy-to-let mortgage lenders fall after report Reeves plans rent freeze

UAE quits Opec in ‘pivotal moment’ for oil producing group – as it happened

silverguide.site – It’s UAExit as the United Arab Emirates will leave Opec on 1 May, in a blow to the group of oil producers…
UAE quits Opec in ‘pivotal moment’ for oil producing group – as it happened

Price rises in UK shops slow as retailers apply heavy discounts to lure shoppers

silverguide.site – Shop price inflation rose by 1% year-on-year in April, slowing from 1.2% in March, the BRC says…
Price rises in UK shops slow as retailers apply heavy discounts to lure shoppers

Rachel Reeves’s fiscal rules buffer should be ‘significantly larger’, say peers

silverguide.site – Peers say chancellor and recent predecessors have allowed themselves too little room for manoeuvre…
Rachel Reeves’s fiscal rules buffer should be ‘significantly larger’, say peers

Nationwide should give its boardroom challenger a fair run

silverguide.site – James Sherwin-Smith’s candidacy is a test of the building society’s commitment to mutual values…
Nationwide should give its boardroom challenger a fair run

Shell to buy Canadian shale producer ARC Resources for $16.4bn

silverguide.site – Deal comes five years after Shell sold its US shale business and is its biggest acquisition for a decade…
Shell to buy Canadian shale producer ARC Resources for $16.4bn

Claire’s to close remaining UK stores on Tuesday with more than 1,000 job losses

silverguide.site – Sources say staff have been asked to pack up final stock and equipment after waves of closures…
Claire’s to close remaining UK stores on Tuesday with more than 1,000 job losses
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