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UK fashion giant to close 15 stores after plunging into liquidation - sale launched

UK fashion giant to close 15 stores after plunging into liquidation - sale launchedThe UK discount shop is shutting down as liquidators have been appointed and final sales are launched Share Article Share Article Facebook X LinkedIn Reddit Bluesky Email Copy Link Link copied Bookmark Add us as preferred source Comments By Olivia Beeson 07:39, Mon, Jun 1, 2026 Updated: 07:40, Mon, Jun 1, 2026 The Leading Labels store has entered liquidation (Image: Google)A UK fashion giant is set to close 15 sto...

Russia imposes aviation fuel export ban until November 30

Russia has banned aviation fuel exports until November 30 to ensure domestic supply stability amid falling refinery output. This move follows Ukrainian attacks on energy facilities, which have reduced Russia's fuel processing capacity. The restriction aims to prevent shortages and maintain domestic market equilibrium.

Hormuz crisis fallout: How Indian refiners are adjusting to new crude oil mix to maximise output

The ongoing geopolitical turmoil has affected supplies from several key oil-producing regions that traditionally cater to India, requiring refiners to process crude varieties that were not part of their usual feedstock mix.

Markets Rise as U.S. and Iran Exchange Fire but Keep Talking

Oil prices climbed as investors weighed a renewed exchange of military strikes between the United States and Iran against signs that both sides remain engaged in negotiations.

Easyjet fires back at ‘highly opportunistic timing’ as Castlelake weighs takeover bid

Easyjet has fired back at speculation of a takeover, after reports emerged that private credit firm Castlelake was weighing a bid. The budget airline said it notes the “highly opportunistic timing” of a potential offer as it asserted its share price is “temporarily depressed due to the current situation in the Middle East and its impact on customer confidence and jet fuel prices”. Shares in the package holiday provider are down some 20 per cent since the beginning of the year to 396.10p, af...

Fed's Powell On the Need for Independence

Bloomberg MLIV strategist Mark Cranfield discusses Powell's speech as he accepted the John F. Kennedy Profile in Courage Award. (Source: Bloomberg)

Gross GST revenues rise 3.2% to over Rs 1.94 lakh crore in May

India's Goods and Services Tax collections in May surpassed Rs 1.94 lakh crore, marking a 3.2% year-on-year increase. While domestic revenue saw a slight dip, robust growth in import-linked taxes fueled the overall rise. Several states reported healthy SGST collection increases, though Delhi experienced a significant decline.

Stocks Hit Record on AI Rally | The China Show 6/1/2026

Bloomberg: The China Show is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, Yvonne Man and David Ingles give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)

UK house prices fall for first time this year as Middle East crisis hits confidence – business live

British house prices fell 0.6% in May, leaving them 1.7% higher than a year earlier, Nationwide reportsThis chart shows how UK house prices have now dipped back from their record high:Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Continue reading...

House prices fall again as property market ‘deteriorates’

House prices fell again in May as the mortgage rate hikes and surging energy bills caused by the Iran war continued to take their toll on the UK’s fragile property market. The UK’s average house price fell by 0.6 per cent to £278,024 in May, compared to 0.4 per cent growth in April, according to Nationwide’s house price index. Weakening house prices are paired with declining consumer sentiment in the property market, with the Royal Institution of Chartered Surveyors recording a sharp fall i...

EasyJet Board Says No Talks Yet on Offer, Confident in Strategy

EasyJet Plc’s board said it hasn’t engaged in discussions yet with Castlelake LP after the investment firm said it’s considering an offer for the UK budget airline, while remaining confident in its strategy underpinned by its cash position and profit outlook.

PSG's Bold New Era: What’s Next After the 1-0 Thrilling Stalemate?

UK House Prices Fall as Mortgage Costs Bite, Nationwide Says

UK house prices fell for the first time in five months, according to one of Britain’s biggest mortgage lenders, suggesting the surge in borrowing costs triggered by the Iran war is placing a strain on prospective homebuyers.

US-based Coinbase offers trading using Indian rupee

US-listed cryptocurrency exchange Coinbase is allowing users in India to make trades using the rupee, marking a key expansion of its services in Asia’s third-largest economy. Customers can deposit and withdraw rupees through the so-called immediate payment service channel, the company said on Monday. They will also have access to spot trading across a range of assets, alongside perpetual futures contracts covering major crypto assets, the company said. Coinbase, which had discontinued its servic...

FTSE 100 Set to Fall and Miss Out on Tech Rally

Oil Climbs on Uncertainty Over US-Iran Deal (Video)

India Tweaks Solar Rules To Cut China Dependence, Manufacturers Divided

Manufacturers say modules built using domestic cells are substantially more expensive than those using imported cells.

AI and real GDP: how big and how fast?

Plus more on the chip cycle

The AI Efficiency Trap: Why Doing Things Faster Could Cost Companies The Future

InnovationEnterprise TechThe AI Efficiency Trap: Why Doing Things Faster Could Cost Companies The FutureByBernard Marr,Contributor.Follow AuthorJun 01, 2026, 01:28am EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.Many companies are using AI to automate tasks, cut costs and speed up existing workflows, but that approach risks missing the much bigger opportunity.Adobe StockThe first instinct for many companies adopting AI i...

FTSE 100 Live: Stocks to fall as Trump yet to green light Iran peace deal

Good morning and welcome back to the City AM liveblog. Oil has nudged a touch higher to $93 per barrel this morning as uncertainty continues to cloud any prospect of a peace deal in the Middle East. The latest peace proposal between the US and Iran was said last week to be awaiting on the final green light from President Donald Trump. But on Sunday, US media reported that Trump was calling for edits to me made to the proposal as it standed. Changes revolved around the Strait of Hormuz – w...