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UK builders hit by biggest surge in cost inflation in nearly four years

UK builders hit by biggest surge in cost inflation in nearly four years

LONDON, May 7 (Reuters) - British builders saw one of the biggest month-on-month jumps in cost inflation on record in April, according to a survey on Thursday that also showed the Iran war increased delivery delays and other supply chain difficulties.
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UK services firms report sharpest rise in costs since late 2022

UK services firms report sharpest rise in costs since late 2022

LONDON, May 6 (Reuters) - British services firms last month reported the sharpest acceleration in cost pressures in three-and-a-half years as the Iran war drove up prices for fuel and raw materials, a closely watched survey showed on Wednesday.
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Take Five: Trump on Tour

Take Five: Trump on Tour

May 8 (Reuters) - Shuttle diplomacy reaches a peak in the week to come as U.S. President Donald Trump heads to China and his finance chief visits Japan.
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UK voters cast ballots in elections expected to deal blow to Starmer

UK voters cast ballots in elections expected to deal blow to Starmer

By Elizabeth Piper LONDON, May 7 (Reuters) - Millions of British voters cast their ballots on Thursday in local and regional elections that are expected to deal a huge blow to Prime Minister Keir Starmer's Labour Party and renew questions over his ability to govern.
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Morning Bid: End in sight?

Morning Bid: End in sight?

By Mike Dolan May 6 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Oil prices slumped and global stocks surged after reports that the U.S. and Iran were nearing a one-page memorandum to end the war in the Gulf.
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Morning Bid: No stopping AI frenzy in Asia

Morning Bid: No stopping AI frenzy in Asia

A look at the day ahead in European and global markets from Ankur Banerjee Japan's Nikkei returned from holiday and jumped onto the scorching AI rally, joining South Korea and Taiwan equities at record peaks, while oil prices hovered near $100 per barrel as markets held their breath for a deal to
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UK Long-Term Borrowing Costs Surge Amid Political and Economic Uncertainty

UK Long-Term Borrowing Costs Surge Amid Political and Economic Uncertainty

The UK's long-term borrowing costs have reached their highest level since 1998, driven by rising fuel prices and political uncertainty. The yield on 30-year UK government bonds hit 5.77%, surpassing previous highs. This increase is attributed to fears of higher inflation due to the ongoing conflict in Iran and uncertainty surrounding the future of the UK government. The situation poses a challenge to Labour's fiscal plans, as higher borrowing costs could erode the fiscal headroom created by recent tax increases.
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Morning Bid: Chip frenzy goes global

Morning Bid: Chip frenzy goes global

By Mike Dolan May 7 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets The chip boom goes on, with Asia seeing rolling catchups to this week's tech surge as markets there return from holidays.
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Trading Day: Markets draw breath

Trading Day: Markets draw breath

By Jamie McGeever ORLANDO, Florida, May 7 (Reuters) - U.S. and global stocks hit new highs before ending lower on Thursday as chip stocks gave back some of their blistering gains, while oil clawed back earlier losses as doubts around a U.S.-Iran peace deal pushed Brent crude back above $100 a barrel
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Iran war pauses global easing push by central banks in April

Iran war pauses global easing push by central banks in April

By Karin Strohecker and Sumanta Sen LONDON, May 6 (Reuters) - The Iran war has seen major central banks put interest rates on hold in April and stymied an easing push in emerging economies as policymakers face inflation pressures and volatile markets.
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Analysis-Iran price shock highlights limits of inflation-linked bonds

Analysis-Iran price shock highlights limits of inflation-linked bonds

By Harry Robertson and Amanda Cooper LONDON, May 8 (Reuters) - Inflation-linked bonds — despite the promise in their name — have stumbled along with the rest of the bond market as the Iran war drives up prices across the global economy and soaring stocks appear the only game in town.
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UK Long-Term Borrowing Costs Surge Amid Political and Economic Uncertainty

UK Long-Term Borrowing Costs Surge Amid Political and Economic Uncertainty

UK Long-Term Borrowing Costs Surge Amid Political and Economic Uncertainty