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ECONOMY
Barclays curbs dangerous lending to shadow banks after taking £228m hit on collapsed UK mortgage…
Barclays is curbing some of its riskier lending to so-called ‘shadow banks’ after taking a £228million hit on a collapsed UK mortgage provider.The Market Financial Solutions (MFS) charge pushed the sum Barclays has set aside for souring…
United Arab Emirates to give up OPEC after 60 years in main blow to the oil cartel
The United Arab Emirates is quitting the Organisation of the Petroleum Exporting Countries (Opec) after 60 years, in a major blow to the cartel.As an unprecedented energy crisis caused by the Iran war exposes discord among Gulf nations, the…
Borrowing prices soar as rising oil value sparks fears of an inflation shock and better rates of…
UK government borrowing costs jumped yesterday as the rising price of oil fuelled fears of an inflation shock and higher interest rates.The ten-year gilt yield hit 5 per cent for the first time since late March, while the 30-year yield rose…
O’Neill is greasing the wheels – however can Big Oil’s first feminine boss get BP…
Oil company profits are always controversial. It is entirely predictable that BP should be accused of making a mint at the expense of motorists after it reported unexpectedly large earnings.Campaigners, some of whom have a gift for…
The seven widespread inheritance tax errors that might value you a fortune
Inheritance tax used to be a worry for the wealthy, but now soaring numbers of bereaved families with modest estates are being hit with bills.Families paid a record £8.5 billion between April 2025 and March 2026 alone – an increase of £200…
BP earnings double in increase for brand spanking new boss as oil worth hits $112 per barrel for…
The new boss of BP insisted the energy giant is ‘heading in the right direction’ after an ‘exceptional’ performance in its oil trading arm drove its best results for three years.As the price of oil rose back above $112 a barrel for the…
BA will not refund my spouse for flight residence from Australia that it axed when Iran battle…
My wife travelled to Australia recently to help nurse her dad, who was recovering from an operation for bladder cancer. The flights were booked before the war started in the Middle East. The flight out on March 19 was fine as it…
WPP sees gross sales stoop as companies slash their promoting budgets on account of Iran warfare
WPP suffered another slump in sales as it took a hit from client losses and sharper cuts to marketing spending from some firms due to the conflict in the Middle East.The troubled FTSE 250 advertising giant said revenues dropped by 6.7 per…
‘Come and speak to us’: BAE affords military rival armoured automobile as beleaguered…
BAE Systems has opened the door to talks with the UK about an alternative armoured vehicle deal as a plan to buy rival Ajax staggers on despite catastrophic flaws.Britain’s biggest defence contractor lost out to US rival General Dynamics…
Why tens of millions of savers have to act NOW: Interest charges on money Isas are about to plunge.…
Millions of savers need to act soon – or else see the interest rate on their cash Isa plunge to as low as 0.75 pc.Failing to switch to a better account could cost savers dearly as a slew of top-paying deals have been launched in recent days…
