After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Barclays joins run of mortgage rate hikes in blow to borrowers March 9, 2026 Barclays has become the latest in a flurry of mortgage lenders to hike their rates amid mounting fears the Bank of England will keep the base interest rates higher for longer following the war in the Middle East. The blue-chip banking giant has slapped a 0.1 per cent increase on rates on a selection of [...]
Will the Bank of England raise interest rates amid Iran war energy crisis? March 9, 2026 Traders are betting on interest rate hikes this year as Rachel Reeves and Sir Keir Starmer have consulted analysts at the Bank of England to monitor the impact of spiralling oil prices on the UK economy. Investors believe interest rates are more likely to rise than fall by the end of the year, with a [...]
Rolls-Royce shares slide as FTSE 100 plunges amid Iran war March 9, 2026 A dramatic stock plummet from blue-chip giant Rolls-Royce helped drag the FTSE 100 deeper into the red on Monday morning as fears surrounding the economic impact of the Iran war ramped up. Shares in the aerospace giant were down as much as five per cent at open, before clawing back some gains to a three [...]
Government borrowing costs mount on fears of inflation spike March 9, 2026 Government borrowing costs have climbed on escalating fears that the war in the Middle East will push up inflation and leave interest rates higher. The 10-year gilt yield jumped by some 14 basis points on Monday morning as traders continue selling off their gilt holdings over mounting fears that interest rates could rise. Longer-term gilt [...]
G7 ministers to discuss joint release of emergency oil reserves March 9, 2026 G7 finance ministers are set to discuss a possible joint release of petroleum from reserves coordinated by the International Energy Agency in an emergency meeting on Monday, as they look to tackle surging oil prices amid the conflict in the Gulf. Ministers will hold a call with International Energy Agency’s (IEA) executive director Faith Birol [...]
FTSE 100 Live: US stocks sink on open; Iran warns oil price could hit $200 March 9, 2026 Good morning and welcome back to the City AM liveblog. The chaos in global markets of last following the breakout of conflict in the Middle East is poised to continue as tensions in the Gulf showed no sign of slowing down over the weekend. The price of oil notched its highest gains in a single [...]
Small house building firms in ‘existential crisis’ as sales rates plummet March 9, 2026 Falling sales are pushing small and medium-sized (SME) house builders into an “existential crisis” that could threaten the government’s house building ambitions. SME house builders have seen average sales drop by 41 per cent between 2021 and 2025, according to a report by estate agents Savills for the Land, Planning and Development Federation (LPDF). The [...]
Israel expands strikes on Iranian oil as Trump hits out at Starmer March 8, 2026 Israel expanded its attacks on Iranian oil facilities as President Trump hit out at the Prime Minister, telling Keir Starmer he doesn’t need the UK’s military support. The boss of Iran’s oil distribution company told state TV five sites were “damaged” but that the fires have been brought under control. The chief executive of the [...]
Borrowing costs climb most since mini-Budget on inflation fears March 6, 2026 The government’s borrowing costs rose dramatically on Friday and were on track to have their worst week since Liz Truss’s fateful mini-Budget, amid fears the escalating war in the Middle East will unleash another bout of high inflation. The interest rate on UK bonds – known as gilts – rose across the board, to reach [...]
Iran war: From fuel to food, what could get more expensive? March 6, 2026 Amid fears the war in Iran could “bring down” the world’s economies, experts have warned the conflict could have wide-ranging impacts which reach into the households of everyday consumers. The Middle East plays a central role in global energy supplies and shipping routes, and consumer industries have warned the knock-on effects of the conflict could [...]