Oil price falls but Trump and Iran clash on negotiations claim August 3, 2026 The price of oil has drifted lower after Donald Trump called off strikes on Iran but progress towards a finalised peace deal continues to stall as the President clashes with Iran’s leadership. Brent crude – the international benchmark for oil prices – tumbled over five per cent on Monday to below $83 per barrel as [...]
Liverpool FC eye US retail empire to steal march on Premier League rivals August 3, 2026 Liverpool FC are in talks to become the first Premier League football team to open a chain physical retail stores in the United States. The 20-time English champions already have 26 bricks-and-mortar stores across the world, including in London, Hong Kong, Singapore, and South Africa, and want to grow to 40 by 2030. The move [...]
Housebuilder shares rally on Iran war peace hopes and help-to-buy revival August 3, 2026 Shares in leading London’s listed housebuilders jumped on Monday as investors bet a potential Iran war peace deal and a mooted new help-to-buy scheme would provide a boon to Britain’s flagging property market. FTSE-100-listed Persimmon jumped more than four per cent to 1,152 while mid-cap Vistry gained six per cent to 310p on Monday. Analysts [...]
Shipbroker shares fly on Iran war windfall August 3, 2026 Shares in Clarksons climbed as much as nine per cent on Monday, after the ship broker revealed a record performance in the first half of the year and told shareholders to expect full-year results “materially ahead” of expectations. Pre-tax profit at the shipping juggernaut was 39 per cent higher than the same period last year, [...]
India’s £300m Commonwealth Games dress rehearsal for 2036 Olympics August 3, 2026 The next Commonwealth Games in Amdavad will have a budget double the size of Glasgow’s in what will be seen as a dress rehearsal for an Olympic Games in India. The largest city in Gujarat, also known as Ahmedabad, will host the next edition of the Games, which nearly went under when Durban and Victoria [...]
Retailers hit back at Healey’s ‘profiteering’ threat August 3, 2026 Retailers have hit back at the Chancellor’s warning against profiteering, saying they will prove they have fought hard to keep food prices down during the Iran war. Chancellor John Healey said at the weekend that the Treasury is prepared to crack down on any retailers which are taking Brits “for a ride” by using the [...]
Reform’s Richard Tice under parliamentary investigation August 3, 2026 Reform UK deputy leader Richard Tice is facing a probe from the parliamentary standards watchdog for failing to declare an interest in a debate. Daniel Greenberg, the parliamentary standards commissioner, confirmed a probe was opened on the 28th July but did not share further details about the scope of the investigation. Tice claimed it relates [...]
Burnham urged to axe tourist tax expansion in devolution drive August 3, 2026 A leading hospitality trade body has urged Andy Burnham to drop plans to expand the so-called “tourist tax” across the country as part of his devolution drive. UK Hospitality (UKH) has written a letter to the Prime Minister, seen by Morning Wire, warning that the government’s overnight visitor levy would cost 33,000 jobs in the [...]
FA turns up heat on Infantino by pulling support for embattled Fifa president August 3, 2026 The Football Association has heaped further pressure on embattled Fifa president Gianni Infantino by formally withdrawing its support for his re-election. The FA was one of around 200 of Fifa’s members which agreed to back his bid for a third term but has changed its mind in light of Infantino’s plan to sell off stakes [...]
Astrazeneca share price tumbles on $400bn megamerger talks August 3, 2026 Astrazeneca’s share price slumped sharply on Monday as investors baulked at a potential $400bn megamerger with US rival Bristol Myers Squibb. Shares in the UK drugmaker slid six per cent in early trading to 11,866p after the Financial Times reported it has been holding talks regarding a potential tie-up with the US group in recent [...]