Political News
Commodities: Iranian oil minister warns of possible OPEC collapse
Metals and energy futures moved higher at the end of the week, boosted by a stronger-than-expected reading on the US jobs market, although remarks from Iranian officials that OPEC was in danger of collapsing may have tempered gains in the latter.
Tories and Labour suffer local election losses, pound jumps
The Conservative and Labour parties both lost ground at local elections on Friday, with smaller parties and independent candidates hoovering up more seats as voters expressed their frustration over Brexit deadlock.
Numis blames political uncertainty for dive in profits
Numis Corporation on Friday reported a plunge in interim profits and revenues as domestic political uncertainty precipitated a period of weak UK investor sentiment.
May preparing to keep Britain in post-Brexit customs union
Theresa May is considering keeping the UK aligned to European Union customs regulations for years after Brexit as part of a compromise deal with the Labour Party, according to a report from The Times on Thursday.
UK Defence Secretary Williamson sacked over Huawei leak
Defence Secretary Gavin Williamson was sensationally sacked on Thursday night over the leak from a National Security Council meeting debating Huawei's assistance with the UK's 5G telecoms network.
Heathrow campaigners lose court challenge to third runway
The High Court has rejected an attempt by the Mayor of London and campaigners to overturn the government’s approval of a third runway at London’s Heathrow airport.
Venezuelan leader Maduro claims to have defeated US-backed coup
Venezuelan President Nicolas Maduro on Wednesday claimed to have defeated an attempted coup which he blamed on the nation's far right and its support from the "deranged" US government.