News
UK interest rate cut off the table amid Middle East conflict, economists say
3+ hour, 53+ min ago (267+ words) By Anna Wise, Press Association Business Reporter Soaring energy prices caused by the war in Iran means an interest rate cut next week "makes no sense, with future reductions also hanging in the balance, economists have said. Cregagh man's lies…...
Heating oil price surge continues as costs up more than 85% and some paying over £1k
2+ day, 23+ hour ago (292+ words) Prices for a 300l buy of home heating oil in Northern Ireland are now at the highest level in four years, after a surge of more than 85% since before the war in Iran. A 900l purchase of oil now costs over "1,000 on…...
‘Not the solution’: Chancellor dismisses calls for public money to ease heating oil price spikes in Northern Ireland
4+ day, 6+ hour ago (1126+ words) The Chancellor has indicated there will be no direct financial support for home heating oil customers in Northern Ireland. Rachel Reeves said that using public money to tackle spikes in heating oil prices is "not the solution. She was speaking…...
Irish deputy premier criticises fuel price ‘anomalies’
4+ day, 16+ hour ago (1020+ words) By Cillian Sherlock, Press Association in Paris, France Big differences in prices at fuel pumps cannot "be blamed on Iran or what's happening in the Gulf, Ireland's deputy premier has said. Tanaiste Simon Harris encouraged members of the public to…...
FTSE 100 rallies as inflation fears ease
4+ day, 19+ hour ago (321+ words) By Michael Hennessey, Alliance News Stock prices in London closed in the green on Tuesday, as markets bounced back after Monday's falls while a fall in the oil price cooled concerns around inflation. The FTSE 100 index closed up 162.72 points, 1.6%, at…...
Competition watchdog warns suppliers over soaring heating oil costs
5+ day, 20+ hour ago (221+ words) The competition watchdog has warned that it expects consumers who have ordered heating oil to receive it at the agreed price, as the Middle East conflict sends the cost of the fuel soaring. The Competition and Markets Authority (CMA) said…...
What changes are major mortgage lenders making to their loans?
5+ day, 16+ hour ago (220+ words) By Vicky Shaw, Press Association Personal Finance Correspondent Britain's biggest mortgage lenders have already made, or are set to make hikes to the fixed rates they are offering amid the changing financial market. Farmer's son shot his wife and two…...
Wet February dampens retail sales amid Middle East conflict threat to confidence
5+ day, 8+ hour ago (106+ words) February's wet weather dampened retail sales across the UK amid warnings that the Middle East conflict is threatening to halt any longer-term recovery in consumer confidence. Farmer's son shot his wife and two kids before turning weapon on himself Belfast…...
UK faces inflation pressure as Iran conflict continues
5+ day, 8+ hour ago (131+ words) Ministers face pressure to act on the cost of living as the Iran conflict threatens to push prices higher. Oil prices have soared since the US and Israel began strikes on Iran, exceeding 100 dollars per barrel on Monday. Farmer's son…...
UK inflation ‘to be pushed higher’ by energy prices amid Iran conflict
5+ day, 9+ hour ago (113+ words) By Henry Saker-Clark, Press Association Deputy Business Editor Inflation will be higher than expected throughout 2026 as the conflict in the Middle East pushes up energy prices, the British Chambers of Commerce has warned. Farmer's son shot his wife and two…...