It’s time to catch up on the top business news from the last week. Hitting the headlines this week, Trump’s decision regarding the Iran nuclear deal has hit oil prices. Mark Carney has announced that there will be a delay in increasing interest rates due to the economy’s recent poor performance. Some rare good news for the high street this week as some stores take advantage of the sunny spell. BT is to cut thousands of jobs and BMW is recalling hundreds of thousands of vehicles due to an electrical fault.

After President Trump announced his decision to pull America out of the Iran nuclear deal, oil prices hit a high of $78 a barrel – the highest in three and a half years. However, prices dipped on Friday on hopes of alternative suppliers plugging the gap left by exports from Iran.

The Bank of England has delayed increasing interest rates due to the poorer than expected performance of the UK economy in the early stages of 2018. Mark Carney said that he expected a rise in interest rates before the end of the year.

High street update: Both Next and Morrisons have reported strong trading figures after the recent good weather, relieving some of the doom and gloom surrounding the high street. However, it’s not good news all round – Superdry shares plunged 18% after blaming the cold start to the year for low sales figures.

BT is to cut 13,000 jobs and move from its headquarters in central London as it attempts to save £1.5bn. This comes after a difficult 18 months for the telecoms company which plans to make the cuts over the next three years.

BMW is to recall over 300,000 vehicles after an investigation discovered an electrical fault which could cause vehicles to cut out.

In the news this week: Fuel prices, Sony, and GDPR

In your catch-up this week, we look at rising fuel prices, outlet closures for M&S and Carluccios, and GDPR. Mark Carney is to announce UK GDP figures this morning and has already revealed the cost of Brexit on UK households. In other news, Sony is to buy...

In the news this week: FTSE 100, East Coast Main Line, and Ocado

Here’s your latest commercial news update. In summary, the FTSE 100 closed on a record high yesterday, due to oil prices and interest rates. The maximum stake on betting machines has been cut to just £2 and the East Coast Main Line is being handed back...

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