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Oil Prices Drop as Iran Declares Strait of Hormuz Open During Ceasefire

Oil prices fell sharply after Iran declared the Strait of Hormuz open to commercial ships during the ceasefire, easing supply concerns and boosting global markets.

3 min read

Getty Images A driver fills up their car with petrol.

UK Petrol and Diesel Prices Dip After Weeks of Consecutive Increases

UK petrol and diesel prices have slightly decreased after 46 days of rises caused by the Strait of Hormuz closure amid the US-Israel-Iran conflict, with further reductions expected as wholesale prices ease.

3 min read

Getty Images A woman wearing a white top and yellow shirt looks at a pump while filling up her car.

UK Petrol and Diesel Prices Begin to Fall Amid Middle East Conflict Impact

UK petrol and diesel prices have begun to fall for the first time since the Iran conflict started, offering relief amid rising costs. Meanwhile, wheat prices surge due to Middle East tensions and dry weather, with insolvencies and food inflation expected to rise.

10 min read

A Shell petrol station in Slough, Berkshire, this week.

Richard Desmond Loses £1.3bn Legal Battle Over National Lottery Licence

Richard Desmond loses £1.3bn damages claim after legal battle over the national lottery licence awarded to Allwyn, with the court ruling the Gambling Commission's process was lawful.

2 min read

Richard Desmond speaks at a conference in 2016

UK Banks to Access Anthropic’s Mythos AI Amid Finance Leaders' Security Concerns

UK banks will soon access Anthropic’s Mythos AI tool, raising concerns among finance leaders about cybersecurity risks and regulatory challenges amid global tensions.

4 min read

Netflix Co-founder Reed Hastings to Leave Board After 29 Years

Netflix co-founder Reed Hastings will step down from the board in June after 29 years. The company maintains its growth plans despite losing the Warner Bros acquisition bid.

3 min read

Finance Leaders Voice Serious Concerns Over Anthropic's Mythos AI Model

Finance ministers and bankers express serious concerns over Anthropic's Mythos AI model, which exposes critical cybersecurity vulnerabilities in financial systems. Early access is granted to test defenses ahead of public release amid warnings of potential cybercrime risks.

3 min read

NurPhoto via Getty Images A smartphone screen displaying the name Claude and a drawing of an asterisk. Out of focus in the background the words Project Glasswing are legible.

Netflix Co-founder Reed Hastings to Step Down as Chairman After Nearly 30 Years

Netflix co-founder Reed Hastings will step down as chairman after nearly 30 years, amid strong Q1 2026 revenue growth and strategic shifts following a failed Warner Bros bid.

3 min read

Getty Images The co-founder of Netflix, Reed Hastings, wearing a blue baseball cap and grinning widely.

Next CEO Simon Wolfson Earns Record £7m, Salary and Bonuses Set to Rise

Next CEO Simon Wolfson earned a record £7.4m last year, with salary and bonuses set to rise amid strong company performance and increased profit guidance.

3 min read

Simon Wolfson adjusts the sleeve of his suit jacket while stood next to a window

PepsiCo Boosts Sales with Lower Prices on Doritos and Lays Snacks

PepsiCo's price cuts on Doritos and Lays boosted Q1 sales by 8.5% to $19.4bn, with a 25% rise in operating profit. The strategy targets affordability and portion control amid changing consumer habits.

2 min read

Getty Images A picture of a bag of PepsiCo's Doritos crisps.

Retailers Criticize SNP's Proposed Food Price Cap as a 'Gimmick'

SNP leader John Swinney proposes capping prices on essential foods using devolved powers, sparking criticism from retailers and concerns for smaller shops. The SNP frames it as a public health measure amid rising living costs and food poverty.

4 min read

Getty Images Person holding a wire shopping basket in a supermarket aisle containing bread, eggs, milk, fruit, vegetables, and packaged groceries, with store shelves visible in the background.

DHL Workers at Jaguar Land Rover Vote for Indefinite Strike Over Pay Dispute

Up to 300 DHL workers at Jaguar Land Rover's Solihull plant have voted to start an indefinite strike on 7 May over pay disputes, with DHL drivers also voting to strike. Unite calls on DHL to present a fair pay offer.

2 min read

Getty Images A line of Range Rovers, in various colours, in a dealership car park. On the bonnets of the nearest two, badges Range Rover and Land Rover can be seen. It is a sunny day.