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UK house prices fall for first time in 2026 - down 0.6% in May
UK house prices fall for first time in 2026 - down 0.6% in MayThe average UK property is now valued at £278,024, as Middle East tensions push up energy prices and mortgage rates. Share Article Share Article Facebook X LinkedIn Reddit Bluesky Email Copy Link Link copied Bookmark Add us as preferred source Comments By Vicky Shaw Press Association Personal Finance Correspondent, Katie Elliott, Consumer Editor 08:57, Mon, Jun 1, 2026 Updated: 08:57, Mon, Jun 1, 2026 UK house prices fall for first ti...
BP Dilutes Stake in Australia’s Browse With 5% Sale to GS Energy
BP Plc has agreed to dilute its stake in the A$48.7 billion Browse natural gas project by selling 5% to South Korea’s GS Energy Corp.
Adcock Faces Possible Antitrust Charges in South Africa
South Africa’s antitrust watchdog has accused pharmaceutical company Adcock Ingram Holdings Ltd. of profiteering from the Covid-19 pandemic, according to people familiar with the matter.
US Stocks Invulnerability a Concern | 3-Minute MLIV
Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)
Landlords rush to protect income over Renters’ Rights Act fears
Landlords are racing to protect their income in response to the government’s divisive Renters’ Rights Act, which banned no-fault evictions and fixed tenancies. Private landlords have been rushing to secure income protection and rent guarantees since the reforms became law at the start of May, according to an AIM-listed firm. Rent Guarantor said it saw a 115 per cent uplift in demand for its services in May, as revenue surged to £700k. Property experts have warned that the Renters’ Right...
'Inflation man has cracked the whip again': Cong slams PM Modi over commercial LPG price hike
The Congress party has strongly criticized the Centre for increasing commercial LPG cylinder prices by up to Rs 53.50 from June 1, accusing Prime Minister Modi of burdening citizens. The opposition highlighted that commercial LPG prices have cumulatively risen by Rs 1,571.50 since the year began, also noting a Rs 11 hike in 5-kg FTL cylinders.
Goldman Sachs: Oil Price Swings Hurt China Manufacturing
Hui Shan, Chief China Economist at Goldman Sachs, says oil price fluctuations due to the war in Iran have negatively affected China's factory activity, which showed signs of weakness in May. (Source: Bloomberg)
Turkey’s Economy Surprises With Slower Than Expected Growth
Turkey’s economy grew slower than expected in the first quarter, signaling that the the fallout from the Iran war is weighing on activity.
Corient Completes Acquisitions of Stonehage Fleming and Stanhope Capital Group; Global Assets Surpass US$500 Billion
Corient today announced the successful completion of its previously announced acquisitions of Stonehage Fleming and Stanhope Capital Group, marking a significant milestone in its continued global expansion. “This is an exciting moment for Corient and the clients we serve around the world,” said Kurt MacAlpine, Founding Partner and Chief Executive Officer of Corient. “We are thrilled to welcome our new Partners at Stonehage Fleming and Stanhope Capital Group to Corient as we continue building...
Swiss Economy Grew Less Than Estimated at Start of the Year
Switzerland’s economy grew slightly less than initially reported in the first quarter, weighed down by stalling consumer demand and a drop in investment.
UK house prices fall for first time this year amid rising interest rates
Nationwide finds typical price was £278,024 in May, as Savills says Iran war has ‘fundamentally changed’ outlookBusiness live – latest updatesHouse prices fell in the UK for the first time this year in May, as rising interest rates triggered by the war in Iran hurt homebuyer demand.The price of the average UK home dropped 0.6% in May compared with the month before, according to the lender Nationwide. Continue reading...
Why a tax on ISA cash interest would cost most savers less than £20
Savers could face a 22 per cent tax on any interest earned on cash in a stocks and shares ISA from April 2027 under government plans – but the amount most savers would actually pay is very small. From next April, the government is cutting the annual cash ISA allowance to £12,000 for under-65s, down from £20,000 currently. The aim is to get more people putting their money into stocks and shares ISAs – where you can invest your money and the returns are tax-free – with the goal of boosting the s...
Bank of France to Cut 2026 Growth Forecast, Villeroy Says
The Bank of France will lower its growth forecasts later this month after a disappointing start to the year and as tensions in the Middle East drag on, outgoing Governor Francois Villeroy de Galhau said.
Chinese Banks’ Net Borrowing Signals Liquidity Glut Is Easing
Chinese banks turned net borrowers of short-term funds for the first time in seven months, increasing issuance of negotiable certificates of deposit in a sign that the liquidity glut in the financial system may be starting to normalize.
Russia Bans Jet Fuel Exports as Attacks on Refineries Intensify
Russia banned exports of jet fuel through end-November to avoid shortages at home after Ukraine intensified attacks on the nation’s refineries.
easyJet issues statement after 'possible takeover approach'
easyJet issues statement after 'possible takeover approach'News of a possible takeover emerged on Friday afternoon. Share Article Share Article Facebook X LinkedIn Reddit Bluesky Email Copy Link Link copied Bookmark Add us as preferred source Comments By Alice Scarsi, Publishing Lead 07:42, Mon, Jun 1, 2026 Updated: 07:42, Mon, Jun 1, 2026 (file picture) Castlelake said it is considering an offer for easyJet (Image: Getty)Budget airline easyJet has branded a possible takeover approach from Castl...
UK fashion giant to close 15 stores after plunging into liquidation - sale launched
UK fashion giant to close 15 stores after plunging into liquidation - sale launchedThe UK discount shop is shutting down as liquidators have been appointed and final sales are launched Share Article Share Article Facebook X LinkedIn Reddit Bluesky Email Copy Link Link copied Bookmark Add us as preferred source Comments By Olivia Beeson 07:39, Mon, Jun 1, 2026 Updated: 07:40, Mon, Jun 1, 2026 The Leading Labels store has entered liquidation (Image: Google)A UK fashion giant is set to close 15 sto...
Russia imposes aviation fuel export ban until November 30
Russia has banned aviation fuel exports until November 30 to ensure domestic supply stability amid falling refinery output. This move follows Ukrainian attacks on energy facilities, which have reduced Russia's fuel processing capacity. The restriction aims to prevent shortages and maintain domestic market equilibrium.
Hormuz crisis fallout: How Indian refiners are adjusting to new crude oil mix to maximise output
The ongoing geopolitical turmoil has affected supplies from several key oil-producing regions that traditionally cater to India, requiring refiners to process crude varieties that were not part of their usual feedstock mix.
Markets Rise as U.S. and Iran Exchange Fire but Keep Talking
Oil prices climbed as investors weighed a renewed exchange of military strikes between the United States and Iran against signs that both sides remain engaged in negotiations.