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The Latest Breaking News from Richard Hunter

HSBC sees 14% profit drop after provision hit from Madoff lawsuit

The earnings come after the bank said on Monday it would set aside $1.1 billion to cover litigation by investors who lost money in the Madoff fraud scandal.

Euronews

Premier Inn investors hoping for summer boost amid rising hotel prices

Whitbread, which also owns the Beefeater and Brewers Fayre chains, will publish its half-year financial results on Thursday.

Evening Standard

Tesco not ‘losing grip’ on UK grocery market despite persistent price war

Investors will be hoping the grocery giant is maintaining sales growth when it publishes its half-year financial results on Thursday.

Evening Standard

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European markets lower as investors eye US-China trade developments

European markets were lower on Monday afternoon as investors monitored updates on US-China tariff developments.

Euronews

EasyJet loss widens but UK budget airline confirms its 2025 targets

EasyJet’s shares fell after the British airline reported higher losses than a year ago despite increased revenues and strong traffic.

Euronews

Gold price surges to fresh all-time high as Trump trade war rattles markets

Analysts said the spike reflects investors searching for so-called ‘safe haven’ assets.

The Independent UK

Tequila Maker Diageo Axes Sales Target On Trump Tariffs

Diageo, the maker of Guinness stout and Johnnie Walker whisky, scrapped Tuesday a key performance target with President Donald Trump's tariff plans set to sour its US sales of tequila and Canadian spirits.

International Business Times

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Lloyds backs Reeves budget plans despite mooted tax increases

Bank expects ‘constructive, pro-growth agenda’ by chancellor next week and seeks to be part of it

The Guardian - UK

EasyJet forecasts record-breaking summer as profits jump

Strong results follow drop in European airline stocks this week after Ryanair reported profit plunge

The Guardian - UK

Carlsberg Quaffs British Soft Drinks Maker Britvic For GBP3.3 Bn

Danish brewer Carlsberg on Monday said that it had reached a deal to buy British soft drinks manufacturer Britvic for GBP3.3 billion ($4.2 billion).

International Business Times

Taylor Wimpey points to signs of spring in the house market after 2023 slowdown

Profits fall and shares follow but the FTSE 100 developer stays upbeat

Evening Standard

Barclays profit falls as banking giant considers cutting costs

Shares in the company tumbled by more than 8% on Tuesday morning after it gave an update on its financial performance for the third quarter.

The Independent UK

Wetherspoon’s returns to profit for first time since Covid pandemic

Cost of living crisis drives consumers to low-cost pub chain but company remains cautious

The Guardian - UK

Rouble recovers after Russia reportedly turns screws on exporters – as it happened

Rouble rises 2% against dollar after Russia decides against capital controls and opts for informal agreement with exporters to help stabilise the currency, according to reports

The Guardian - UK

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The Guardian - UK

Nigel Farage says NatWest management ‘should go’ after CEO Rose admits discussing his bank account with BBC – as it happened

Dame Alison Rose admitted to serious error in discussing Nigel Farage’s relationship with Coutts with a BBC journalist.

The Guardian - UK

UK fixed mortgage rates rise to seven-month highs – as it happened

Rolling coverage of the latest economic and financial news

Birmingham Post

East Yorkshire business park ready to bloom again in second decade

Further expansion now consented for Dianthus site at Newport as selected contractor looks forward to adding to £35m build

Evening Standard

How to invest in natural gas

Natural gas has featured regularly in the news of late, with the wholesale price having more than doubled in 2022 after Russia’s invasion of Ukraine. The UK government has also reopened the controversial debate on fracking as a way of reducing natural gas imports.

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Belfast Live

Couple behind popular Billy Andy's bar near Larne retire after 32 years

Richard and Anna are hoping to spend more time with family and enjoy some holidays abroad

People

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