Burford Capital shares crash after US court overturns $16bn Argentina ruling March 30, 2026 Shares in the dual-listed group Burford Capital have dropped nearly 50 per cent since a US court overturned a ruling in favour of Argentina, a blow to the litigation funder. The US Court of Appeals for the Second Circuit reversed the District Court’s previous ruling that found Argentina liable to pay $16bn to former shareholders [...]
THG shares soar as it swings back to profit in ‘coming of age moment’ March 26, 2026 THG shares soared on Thursday after the e-commerce firm swung back to profit, with pre-tax earnings exceeding market expectations. The London-listed beauty and nutrition retailer posted profit after tax of £54.1m for 2025, turning around a loss of £326m the previous year, helped along by pocketing £103m from the sale of ingredients business Claremont in [...]
Next: Iran war costs retailer £15m and could push up prices March 26, 2026 High street giant Next has said it will take a £15m hit from the soaring air freight and fuel prices caused by the Iran war, as it races to make savings elsewhere to offset the costs. The FTSE 100 firm said it expects the conflict to constrain its growth in the Middle East, which accounts [...]
FTSE 100 Live: OECD slashes UK growth prospects as inflation set to jump March 26, 2026 Good morning and welcome back to the Morning Wire liveblog. The White House’s Press Secretary has said the US is “very close” to meeting its objectives in the Iran war, though offered no specific timeline on when the conflict could come to a close. But Iran’s foreign minister has said the country has “no intention [...]
Caxton extends losses as Iran war slams markets March 25, 2026 London based hedge fund Caxton Associates has extended its losses as the Middle Eastern conflict continues to impact global markets. The fund’s losses rose by more than $1.3bn (£971.1m), with its $9bn macro fund, which is run by chief executive Andrew Law, is down 15 per cent this month to 20 March, according to two [...]
Diageo subsidiary pockets £1.3bn from sale of Indian cricket team March 25, 2026 A subsidiary of Diageo has pocketed £1.3bn from the sale of its Indian cricket team as the drinks giant divests assets to focus on its core business. The FTSE 100 firm acquired Indian team Royal Challengers just over a decade ago as part of its acquisition of a majority stake in United Spirits, an Indian [...]
FTSE 100 Live: Stocks soar as Trump claims ‘victory’ in Iran; Economists clash on inflation March 25, 2026 Welcome back to the Morning Wire liveblog. Fresh figures this morning revealed inflation rose three per cent in the year to February 2026, unchanged from the 12 months to January 2026. Grant Fitzner said: “The largest upwards driver was the price of clothing, which rose this month but fell a year ago. “This was offset [...]
RAC could jump-start London’s IPO engine with bumper £5bn float March 24, 2026 London’s IPO market could soon come motoring back, led by a bumper £5bn float from RAC as the roadside assistance firm defies market uncertainty to press ahead with its listing plans. The West Midlands-based business, founded in 1897, has reportedly held preliminary meetings with prospective investors and fund managers, in the clearest sign yet that [...]
‘Crossroads’: Oil prices hold firm as markets sour on Trump’s peace talks March 24, 2026 The price of oil held firm on Tuesday morning as markets faced a “crossroads” following the latest bait-and-switch from President Trump amid the crisis in the Middle East. Brent crude, the international benchmark for oil, broke $100 again in early trading in Asia after a four per cent gain. Prices have dipped a touch but [...]
Kingfisher: B&Q owner sales dragged down by weakness in overseas brands March 24, 2026 B&Q owner Kingfisher saw the success of its UK brands dragged down by struggles overseas, as sales in France and Poland took a dip. The FTSE 100 firm suffered falling sales in its French Castorama (-2.2 per cent) and Brico Depot (-2.3 per cent) brands and in Poland (-1.1 per cent), while sales grew by [...]