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Commentary submitted by Susannah Streeter in their own words.
Back to profileGreggs ups prices of meal deals again and cautions over Iran war cost hit
Greggs has served up a more appetising set of numbers.
Footsie falls as higher oil prices due to Iran stalemate add to stagflation concerns
London’s Footsie has scuttled lower in early trade as worries reverberate about the impact of the conflict.
Keir Starmer’s speech fails to reassure bond markets
The concern is that a change of Prime Minister would prompt wider turmoil at the top of government.
Compass cashes in on more firms opting to outsource catering
The company is demonstrating why large-scale outsourcing appears to be a resilient long-term trend.
Heathrow blames 5.3% dip in passenger numbers on Middle East war
The global hub suffered from flight cancellations and re-routing but also travellers have become more nervous about booking big trips away.
UK set to shed 163,000 jobs amid Iran war fallout – report
Energy-hungry industries such as manufacturing and construction are expected to be particularly badly hit due to rising costs.
Shell under fire over ‘outrageous’ profits after boost from soaring oil prices
The escalating conflict involving Iran and the wider Middle East is proving to be a double-edged sword for Shell, severely disrupting LNG volumes while simultaneously lifting energy prices and creating more profitable trading conditions. The spikes in volatility and scorching prices ignited by the conflict have sharply increased activity for its trading arm, and boosted production margins, but at the same time the company is bracing for fallout from the damage wreaked to vital infrastructure in the region. For now though it’s cashing in on the surge in prices. Shell’s underlying profits, measured by adjusted earnings rose approximately 24% year-on-year from $5.6 billion a year previously- beating expectations of $6.36 billion.
Relief floods in as US eases off hostilities in Iran conflict
The escalating conflict involving Iran and the wider Middle East is proving to be a double-edged sword for Shell.
Cheers for Diageo as some fizz returns to sales and shares lift 5% in early trade
Better performances in Europe, Latin America and Africa have added a bit of zing to the picture and a cause for celebration.
Next to hike prices overseas as it faces higher Iran war cost hit
It means its lifted full-year guidance for pre-tax profits to £1.218 billion from £1.21 billion.
Wetherspoons warns on profits due to ‘substantial’ cost increases
It demonstrates the extent to which the sector is grappling with mounting financial pressures despite steady demand.
FTSE 100 jumps as oil prices descend amid Iran conflict hopes
The Footsie 100 has rallied higher, with optimism replacing pessimism, given the ceasefire looks more likely to hold.