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ECONOMY
ALEX BRUMMER: Spending cuts are inevitable whoever is in cost
There will be relief at the Treasury and the Bank of England that the elections have not made bad conditions on bond markets worse.The perception that lame duck Prime Minister Keir Starmer is determined to cling on to power promises…
British Airways proprietor IAG sees income hit by £1.7bn jet gas shock
The owner of British Airways warned annual profits will be hit as the Iran war adds £1.7billion to its fuel bill.But International Airlines Group (IAG) boss Luis Gallego said he did not believe there will be 'any interruption this summer'…
Bond ‘vigilantes’ lurking after Labour ballot massacre
Bond 'vigilantes' are circling the UK after Labour's election bloodbath sparked fears of a lurch to the Left.Sir Keir Starmer yesterday insisted he will not 'walk away and plunge the country into chaos', calming financial markets.But…
House costs endure recent drop for second month in a row
House prices have fallen for a second month in a row as the Iran war hits confidence and drives up mortgage costs.Lender Halifax said the price of a typical home fell 0.1 per cent in April following a 0.5 per cent drop in March, with the…
Intertek urged to speak to Swedish suitor EQT
UK laboratory testing company Intertek is under pressure to engage with a private equity bidder after refusing their third offer worth more than £10billion.Top shareholders want the board to talk to Swedish suitor EQT after it 'unanimously…
Modella slammed over TG Jones charges for utilizing title
The private equity group planning to shut up to 150 former WH Smith stores faced a backlash last night after it emerged it is charging millions to use the new 'TG Jones' name.Modella Capital, which bought the high street arm of WH Smith for…
RAY MASSEY: Peugeot 408 is the John Lewis of cars
If Peugeot were a High Street store, which would it be?' I asked the French car maker's CEO Alain Favey at the launch of its new 408 fastback crossover saloon near Marseille.Favey, who has been in charge of Peugeot since last year, had no…
ANNE ASHWORTH reveals her high US shares to beef up your portfolio
Sell in May and go away' used to be a stock market adage. But not only has this advice become outdated – it has been replaced in 2026 with very different guidance.Bank of America thinks we should be 'stocks-maxxing' this month, snapping up…
SMALL CAP MOVERS: Shares in EnergyPathways surge after gasoline storage licence approval
EnergyPathways has had quite a week. Shares in the energy transition company surged 74 per cent after the North Sea Transition Authority awarded it a gas storage licence for its MESH project in the East Irish Sea.With the Strait of Hormuz…
Vauxhall to make use of Chinese elements for the primary time to cut back EV manufacturing prices
Vauxhall is the latest car maker to use Chinese‑supplied components to reduce production costs for the first time in its history.The Coventry‑based brand's forthcoming C‑segment electric SUV will use core components from Chinese…
