Business

The FTSE 100 index closed down 58.47 points, 0.6%, at 10,353.77.

The conflict in Iran has halted shipments through the Strait of Hormuz and pushed the price of oil and gas sharply higher.

Appearing before Parliament’s Treasury Committee on Wednesday, Ms Reeves said it would be “unwise to speculate” about the impact of the Iran war on UK inflation, growth or interest rates,…

The West Sussex airport reported pre-tax profits of £422.9 million in 2025, down 7.3% from £456.4 million in the previous year.

A report commissioned by the Residential Freehold Association estimates the policy could wipe up to £18.7 billion from ground rent investment values.

There was ‘clear evidence’ of the rental market becoming more balanced after a peak in competition seen in 2022 and 2023, Zoopla said.

The FTSE 100 index closed up 162.72 points, 1.6%, at 10,412.24.

The Type 45 destroyer has left Portsmouth to bolster the UK’s defences around Cyprus.

Neil Wilson, a senior strategist at Saxo, said: “Volatility will persist and we now should note risks from escalatory shocks which would hit bonds and stocks and force up oil…

Stock markets rallied today after the price of Brent Crude fell back towards $90 a barrel.