The Latest Breaking News from Victoria Scholar

Stock exchange float will raise less than owner SoftBank hoped, but could still be biggest IPO of year

Shell and BP saw their share prices rise following a jump in the price of oil.

Energy giants are reaping the benefits of high energy prices. Shell followed ExxonMobil in doubling its annual profit for 2022 to nearly $40 billion, the highest in its 115-year history. It's sparked outrage among climate activists and those calling for higher taxes as households struggle with high energy bills. Also…

The UK’s largest housebuilder said it was pausing recruitment of new employees and introducing further controls for new site openings to manage working capital

Retailer reports third-quarter sales growth but warns of uncertain outlook and £7.5m hike in energy bill

Soaring natural gas prices are likely to drive consumer price inflation to 13.3% in October, the bank said. That will push Britain into recession later this year, bank forecasts show.

What exactly is stagflation, and do you need to worry about it?

Oil prices continue to surge as Russia escalates tensions with Ukraine. Victoria Scholar, head of investment at Interactive Investor, says the geopolitical volatility and limited supplies mean oil prices will continue to rise and are likely to pass well beyond the symbolic $100 per barrel level.

Rolling coverage of the latest economic and financial news