Meet Reeves’ outsider tasked with steering the City to growth March 3, 2026 The City has rolled out the red carpet for the banking watchdog’s new chief after Katharine Braddick, a seasoned veteran of the financial trenches, was named on Friday as the successor to Sam Woods. For a cool £314,000 a year, she’s set to take on the brief of steering the UK’s banking sector. Chancellor Rachel [...]
Cadillac to leverage US identity to grow F1 sponsorship portfolio March 3, 2026 Formula 1 newcomers Cadillac are harnessing their status as the only “truly” American team to power their sponsorship strategy ahead of the season opener this weekend. Cadillac will be the 11th team on the grid after General Motors and Chelsea co-owner Mark Walter’s TWG paid a reported $450m anti-prize money dilution fee to expand the [...]
Reeves to deliver ‘stability’ Spring Statement amid turmoil in Iran March 3, 2026 Chancellor Rachel Reeves is set to deliver a Spring Statement trumpeting the UK’s economic stability against the backdrop of a war in the Middle East, with official forecasts expected to touch on lower growth, falling inflation and higher unemployment over the coming months. In an address to the House of Commons around 12.30pm today, Reeves [...]
Oil price surge pushes investors to bet against interest rate cut March 2, 2026 Investors have pared bets that the Bank of England will cut interest rates in March, as analysts worry that the surge in oil and gas prices could prop up inflationary pressures in the economy. European gas prices were up over 40 per cent on Monday while oil prices gained seven per cent to hover around [...]
Trump and Starmer in row over use of UK military bases March 2, 2026 President Trump has said he is “very disappointed” in Sir Keir Starmer after the UK initially refused to allow the US to use military bases to organise attacks on Iran over the weekend. Trump has said the Prime Minister “took far too long” to change his mind in allowing military bases to be used after [...]
Hundred cricket stake sales help Glamorgan clear debts March 2, 2026 Glamorgan’s sale of a stake in The Hundred franchise Welsh Fire has wiped the county cricket club’s debts, despite making a loss last year. The England and Wales Cricket Board sold eight minority stakes in eight Hundred franchises, handing the majority stakes to host counties. Glamorgan’s divestment saw them enter into a 50-50 partnership with [...]
Zurich to leverage Beazley’s Lloyd’s platform for global expansion March 2, 2026 Zurich Insurance Group has reached a formal agreement to acquire FTSE 100 giant Beazley, aiming to create a global leader in speciality insurance. Under the terms of the deal, Beazley shareholders will be entitled to receive a total of 1,335p per Beazley share, which puts the cost of the deal at around $10.9bn (£8.14bn). The [...]
Gas prices ‘go stratospheric’ as Qatari plant hit by Iran strikes March 2, 2026 European gas prices surged on Monday after Iranian retaliatory strikes shut down the world’s largest export plant for liquified natural gas (LNG), based in Qatar. In a statement, QaterEnergy, the Qatari state energy company, said it had ceased production of LNG due to “military attacks” on Ras Laffan Industrial City and Mesaieed Industrial City. “One [...]
Badenoch: Starmer’s refusal to back US strikes a ‘pure political calculation’ March 2, 2026 Tory leader Kemi Badenoch has accused Sir Keir Starmer of initially refusing to allow the US to use its military bases for strikes on Iran for “political” reasons rather than legal ones. In a speech at Policy Exchange, the centre-right think tank, Badenoch said the UK’s response to the conflict in the Middle East had [...]
Dow Jones slides as FTSE 100 extends losses amid Iran strikes March 2, 2026 Wall Street joined Europe as markets opened on Monday with losses spread across the board as tensions escalated across the Middle East. The Dow Jones dropped nearly one per cent on open to 48,534.58 whilst the S&P 500 shed around 0.7 per cent to 6,828.47. The tech-heavy Nasdaq tumbled 0.7 per cent to 22,505.32. In [...]