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Business

  • What happens now after Lloyds Bank’s tech disaster?

    March 13, 2026

    Customers at Lloyds Banking Group were sent into panic on Thursday morning after a number of users opened their mobile app to find rogue transactions that did not belong to them. Screenshots quickly flooded social media with many of the bank’s 28m customers describing their horror at seeing up thousands of pounds of bizarre payments. [...]

  • Drill in Britain’s biggest oil field or risk energy crisis, Make UK tells Ed Miliband

    March 13, 2026

    Drilling at Britain’s biggest undeveloped oil field must urgently be approved to avert a looming energy crisis, the UK’s manufacturers’ lobby group has told Ed Miliband. Make UK, which represents thousands of manufacturers from food producers to steelmakers, said the energy secretary must give the green light to production at Rosebank in the North Sea [...]

  • Lord Roborough refused to stay at Odey Asset Management over ‘lack of trust’

    March 13, 2026

    Lord Roborough, a former partner at Odey Asset Management (OAM), has rejected claims made by Crispin Odey that the City watchdog directly pressured the firm’s executives to find against him. In a legal battle against the Financial Conduct Authority (FCA), disgraced financier Odey claims the OAM executive committee was subject to “undue pressure from the FCA” [...]

  • Petrol retailers pull out of Reeves meeting over ‘abuse’ of staff

    March 13, 2026

    Petrol retailers have pulled out of a meeting with Chancellor Rachel Reeves, claiming the government’s warnings against “price gouging” have led to forecourt staff being abused.  The head of the Petrol Retailer’s Association (PRA) called off the meeting at late notice on Friday, after Reeves’ office allegedly refused to hold the tete-a-tete behind closed doors.  [...]

  • Businesses ‘yearning for stability’ says UK bank chief

    March 13, 2026

    Businesses are “yearning” for stability, according to a top banking chief executive, as the turmoil in the Middle East threatens to upend the global economy. Ian Corfield, the boss of London-listed Secure Trust Bank, told City PM: “I think the reality is that even before things kicked off a month ago, obviously nerves were increasing. [...]

  • Hiding MP staffer names is a bizarre decision post-Mandelson scandal

    March 13, 2026

    Plans to remove the names of MP staffers from the official register will only make Westminster more opaque, writes Alastair McCapra.

  • Alpine boss confirms four potential buyers, including Mercedes, for F1 team

    March 13, 2026

    Alpine team principal Flavio Briatore has confirmed that there are “three or four” serious buyers, including Mercedes, for a stake in the Formula 1 team. The team, which is owned by Renault Group, could see a significant minority stake controlled by Otro Capital offloaded. Christian Horner, former team principal of Red Bull Racing, has reportedly [...]

  • Iran hit back at Trump and Fifa: US should be axed from World Cup, not us

    March 13, 2026

    Iran’s national football team has hit back at President Trump after he warned that it may not be safe for them to take up their place at this summer’s World Cup in the US, Canada and Mexico. Trump’s comments appeared designed to discourage Iran from participating, despite Fifa insisting the US had offered assurances following [...]

  • Sunrisers Leeds X account suspended after Hundred auction backlash

    March 13, 2026

    Sunrisers Leeds have been caught up in backlash after buying Pakistani player Abrar Ahmed in The Hundred auction. The franchise – owned by India’s Sun Group and a sister team to the IPL’s Sunrisers Hyderabad – had its X account suspended in the early hours of Friday morning after Indian social media users urged others [...]

  • Oil crisis to ‘push UK into recession’ after growth flatlines

    March 13, 2026

    Fears that the ongoing crisis in the Middle East will plunge the UK into a recession have been amplified after fresh figures revealed the economy flatlined in January. The price of oil closed above $100 for the first time since 2022 last night as interventions from the global energy body failed to calm markets amid [...]

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