As it happened: Stocks rise; oil falls after Trump pauses Iran strikes Markets Welcome back to the City AM FTSE 100 liveblog. It’s Monday and the FTSE 100 has made a positive start to the week, gaining more than 70 points on the market open after oil prices began to fall from last week’s two-month highs. Brent crude, the international benchmark for oil prices, slipped to $90.58 in early trading [...]
Exclusive: Saudi ship struck by Houthis had insurance from Lloyd’s insurance giant Insurance Insurance giant Gallagher had insured one of two ships that were attacked by the Houthis in the Red Sea, which caused a fire to break out on board and made the ship return to port. The Lloyd’s of London broker had organised cover for the affected vessel, which was one of a pair of tankers [...]
As it happened: Stocks jump as oil drops below $100; Trump in tariff blitz Markets Welcome back to the City AM FTSE 100 liveblog. Stocks jumped on Friday after oil eased back after reaching two-month highs on Thursday. The benchmark price of Brent crude oil slipped 4.1 per cent on Friday to $96.63 per barrel. Prices had surged to $100 following attacks by the Houthis, an Iran-backed militia based in Yemen, on [...]
Israeli air strikes on Yemen airport ‘were metres from WHO chief’ December 27, 2024 A new round of alleged Israeli air strikes in Yemen have targeted the Houthi rebel-held capital and multiple ports while the World Health Organisation’s director-general said the bombardment occurred nearby as he prepared to board a flight. “The air traffic control tower, the departure lounge — just a few metres from where we were — [...]
Braemar: Shipbroker meets expectations despite choppy geopolitical backdrop September 19, 2024 Shipbroker Braemar has traded in line with expectations and “remains confident” of the outlook for the rest of the financial year, it said in an update to investors. The London-listed firm, one of the largest shipbrokers in the UK, said it had “continued to trade well” in since the start of April, when its reporting [...]
Sunak: Britain launched fresh Houthi airstrikes last night – and would ‘not hesitate’ to do it again May 31, 2024 Rishi Sunak's announcement comes after Iran-backed Houthi rebels have launched attacks on ships in the red sea in a bid to disrupt international shipping.
British business feeling the impact of Red Sea disruption as strikes against the Houthis continue February 26, 2024 Research from the British Chamber of Commerce (BCC) showed that 55 per cent of UK exporters have been impacted by disruption of shipping to the Red Sea.