Keeping it simple was always the answer for John Lewis

Remedy for partnership’s post-Covid woes was the old-fashioned one of basic shopkeeping and cutting costs

Watchdog puts UK fuel retailers ‘on notice’ over profiteering from Iran war

Competition and Markets Authority will closely monitor pump prices to stop profits being ramped up amid crisis

Middle East war creating ‘largest supply disruption in the history of oil markets’

Vast release of emergency crude reserves fails to quell mounting fears about supply crunch, rattling markets

UK regulator examines IT glitch that enabled bank customers to see others’ accounts on app

Information Commissioner’s Office made aware of incident affecting Lloyd’s, Halifax and Bank of Scotland

Middle East war creating ‘largest supply disruption in the history of oil markets’, as Brent crude hits $100 again – as it happened

Rolling coverage of the latest economic and financial news

Russia earned €6bn from fossil fuel exports since start of Iran war, data suggests

Figures from thinktank show Russia received extra €672m in revenues from oil, gas and coal during March so far

If oil price shocks weren’t bad enough, Trump’s war could have other unintended consequences

China consumes around 90% of Iran’s oil exports, so could be forced to rely on alternative suppliers – particularly Russia, says Adam Hanieh of the Soas Middle East Institute

John Lewis pays first annual staff bonus in four years as profits rise

Payment of 2% at employee-owned partnership follows sales increase to £13.4bn

Welsh Water to pay £44.7m after ‘unacceptable’ sewage works failings

Proposed package comes after regulator finds ‘serious and unacceptable breaches’ in how company operates

Iran war punctures Trump’s ‘drill, baby, drill’ promise on US gas prices, experts say

Fossil fuel supply is more vulnerable to global shocks than renewable power sources and efforts to boost efficiencies

AI scams drove UK reports of fraud to record 444,000 last year

Criminals using artificial intelligence tools to take over mobile, bank and online shopping accounts, says Cifas

Shell CEO’s pay jumps 60% despite slump in profits at oil company

Campaigners say people unlikely to ‘look favourably’ on package for Wael Sawan, which rose to £13.8m in 2025

Oil price tops $100 again as Iran strikes economic targets across Middle East