Total sales in Scotland last month were flat compared with February 2025 – a year-on-year decrease of 1.1% when adjusted for inflation.
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Stocks were under pressure and oil climbed as Iran’s new supreme leader ordered the vital Strait of Hormuz shipping lane to remain closed.
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Competition watchdog puts fuel retailers ‘on notice’ of price monitoring
by News Roomby News RoomWhile it recognised that businesses across the economy were likely to face significant pressures from rising energy costs which could affect prices, it said fuel stations “should not exploit the…
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Food bills for millions in Britain ‘to rise’ as Trump’s Iran war triggers turmoil on world markets
by News Roomby News RoomDr Jonathan Owens, senior lecturer in operations management at Salford University, said: “Although the UK imports very little oil from the Gulf, the closure of the Strait of Hormuz is…
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FTSE 100 Live 12 March: Index falls amid $95 oil price, John Lewis bonus returns
by News Roomby News RoomThe return of the Brent Crude oil price to $100 a barrel today heaped more pressure on the FTSE 100 index.
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Irresponsible ads for Brazilian butt lifts remain widespread, watchdog warns
by News Roomby News RoomJust 11.5% of more than 900 ads for non-surgical liquid BBLs between April and December last year adhered to the rules, a study found.
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Hundreds of women get tech job support in £4m government-backed programme
by News Roomby News RoomThe package also includes paid tech placements and support for those returning after career breaks to re-enter technology jobs.
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The FTSE 100 index closed down 58.47 points, 0.6%, at 10,353.77.
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International Energy Agency to release record oil reserves to calm markets
by News Roomby News RoomThe conflict in Iran has halted shipments through the Strait of Hormuz and pushed the price of oil and gas sharply higher.
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Business
Trade disruption from Iran war ‘not good for the British economy’, Reeves says
by News Roomby News RoomAppearing 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,…