Oil crisis to ‘push UK into recession’ after growth flatlines March 13, 2026 Fears that the ongoing crisis in the Middle East will plunge the UK into a recession have been amplified after fresh figures revealed the economy flatlined in January. The price of oil closed above $100 for the first time since 2022 last night as interventions from the global energy body failed to calm markets amid [...]
Iran war ‘heavily’ affecting property confidence, developer says March 13, 2026 Property developer Berkeley Group has said the Iran war is “weighing heavily” on market confidence and could push up inflation. The FTSE 100 firm told shareholders on Friday: “The emerging situation in the Middle East is weighing heavily on risk sentiment and we await to see the impact of this on the market.” “While reaffirming [...]
‘Taxed to a standstill’ – UK economy grinds to a halt with no growth in January March 13, 2026 The UK economy saw zero growth in the first month of the year – before global markets were rocked by the outbreak of war in the Middle East. Fresh figures from the Office for National Statistics (ONS) have handed a major blow to Rachel Reeves with the economy flat in January, compared to the 0.2 [...]
John Lewis boss: Labour must keep pledge to reform business rates March 12, 2026 Labour must honour its manifesto promise to fundamentally reform the business rates system, John Lewis boss Jason Tarry has said. The retail chairman said the changes at last year’s Budget were positive for retail but offered a “short-term” fix to a system which unfairly disadvantages physical retailers as opposed to online shops. Chancellor Rachel Reeves [...]
On the Beach shares tumble as it tears up guidance amid bookings slowdown March 12, 2026 On the Beach has torn up its guidance for the forthcoming year after warning that tensions in the Middle East have sparked a sharp slowdown in bookings. The online travel agent previously forecast pre-tax profit of between £39m and £43m. “Whilst the group has limited exposure to destinations in the Middle East, it has experienced [...]
Savills shares slide as Middle East war shakes property market March 12, 2026 Shares in property giant Savills slid eight per cent as the Iran war shakes the confidence of the UK’s property market. The FTSE 250 firm’s share price fell by 7.98 per cent on Thursday to 922p, leaving the stock down six per cent in the year so far. Adam Vettesse, market analyst at eToro said [...]
Keir Starmer’s dithering over Iran is no diplomatic masterstroke March 12, 2026 Those arguing that Starmer has stumbled upon a brilliant strategy when it comes to the war in Iran are wrong. He has damaged Britain’s credibility and left us weaker, says Tom Harwood Has the Prime Minister blundered into a strategic masterstroke? Could it be that Keir Starmer has had his finger on the pulse of [...]
Housing market struggles for momentum as Iran war looms March 12, 2026 The UK housing market is struggling for momentum as uncertainty caused by the Iran war prompts banks to hike mortgage rates and pull deals. New buyer inquiries weakened in February as 26 per cent of property professionals reported a fall in interest, up from 15 per cent in January, according to the Royal Institution of [...]
Standard Chartered evacuates Dubai offices amid Iran war March 11, 2026 London-headquartered Standard Chartered has begun to evacuate staff from its offices in Dubai following the latest escalations in the war in the Middle East. The FTSE 100 giant boasts a large presence in the region as part of international expansion efforts across the United Arab Emirates but has now found itself caught in the growing [...]
Wizz Air pounced on by short sellers as Iran war knocks profits March 11, 2026 Budget airline Wizz Air has been hit by a flurry of short-selling after it issued a profit warning over disruption caused by the Iran war, making it the UK’s most shorted company. The Hungarian airline, which is listed on the FTSE 250, had 9.59 per cent short interest last month but this has soared to [...]