John Lewis to pay first staff bonus for four years

The decision to reinstate the bonus comes as the Partnership reported an encouraging uplift in its underlying profits for the last financial year. While the business still posted a pre-tax…

How high could UK petrol and diesel prices go?

Motorists across the United Kingdom are once again bracing themselves for a significant surge in fuel costs, as the escalating geopolitical tensions in the Middle East, specifically the US-Israel war…

Home heating oil theft leaves family home ‘a biohazard’ as prices keep rising

The couple’s ordeal began at approximately 8:00 GMT on a recent Monday morning when Gareth awoke to an overwhelming smell of petrol fumes. "It choked you in the house," he…

Starmer says fuel tax hike plan to be kept under review over Iran

The impending tax rate adjustment on petrol and diesel is a significant point of contention. It involves the gradual phasing out of a 5p per litre cut that was initially…

G7 welcomes potential record release of energy reserves

The conflict, which has seen hostilities intensify in recent weeks, has had an immediate and severe impact on global crude oil benchmarks. Prices, which had already been under upward pressure…

Volkswagen to cut 50,000 jobs as profits drop

Chief Executive Officer Oliver Blume conveyed the gravity of the situation to shareholders, emphasizing that the job reductions would be implemented throughout the group’s extensive German footprint. This strategic overhaul…

Watch: How worried are Americans about rising petrol prices?

As escalating geopolitical tensions in the Middle East, specifically a heightened conflict in Iran, severely disrupt vital oil exports from the Persian Gulf region and major global producers collectively move…

Oil prices plunge after Trump suggests Iran war could end soon

Earlier in the day, a stark warning from President Trump had initially cast a shadow over energy security. In a pointed social media post, he threatened severe retaliation should Iran…

Why the price of oil matters more than you might think.

The profound and far-reaching impact of the hypothetical war between the US and Israel in Iran is beginning to resonate across the globe, reaching homes and industries irrespective of geographic…

Reeves to look at how to help households with heating oil bills

The conflict, which has raised fears of prolonged disruptions to critical oil supplies from the Middle East, saw the global oil price surge to nearly $120 a barrel on Monday.…